According to Canton Co-operative Bank Mortgage Loan Officer/Closing Coordinator Robert Dalo, “Our Carve Out is different and better for the borrower. And most other banks don’t offer anything like this.”
“The Carve Out Home Equity Line of Credit gives borrowers the flexibility to write a check for home improvements, a new car, college tuition, solar panels – whatever they want. Even to pay off high-interest credit card debt. Then, if it makes sense for the borrower, they can have us ‘carve out’ any part of their Line that they used and they can start paying it back monthly at a fixed rate over 3 years to 20 years – their choice.
“It’s especially attractive in a volatile interest rate environment. And a borrower can have multiple ‘carve outs’ – as many as they want – with repaid amounts going right back into their line of credit,” Robert Dalo said
With a Carve Out Home Equity Line of Credit from Canton Co-operative Bank, you also get:
> Convenient access to your home equity while keeping your low-rate first mortgage in place
> Quick closings
> No annual or non-use fees
> An extra 1/2 point discount with autopay from a Canton Co-operative savings or checking account
> Available from $10,000 to $500,000 on owner-occupied 1-4 family homes
More information and 24/7 online application available at cantoncoopbank.com. Questions? Come see us or call/email Robert Dalo at 781-828-8811 x 4.
Canton Co-operative Bank NMLS #721437
Robert Dalo NMLS #4479