All of a sudden, a lot of homeowners are seeing changes they want to make to their homes and they want to finance those changes with a Home Equity Line of Credit.
Others aren’t renovating but they’ve realized that having a Home Equity Line in place would give them peace of mind.
Once you have a Home Equity Line of Credit set up, you access it super-conveniently anytime you want by just writing a check.
And if you’re not using your Line, at Canton Co-operative there are no annual fees or non-use fees. So it doesn’t cost anything to have a Line available.
Which is why we’ve always told homeowners that having a Home Equity Line gives you flexibility … and it’s a much-better-than-credit-cards backup in case of emergencies. (It looks like “pandemics” could now be added to the “emergencies” list.)
According to The Wall Street Journal, some large banks have stopped writing Home Equity Lines. At Canton Co-operative, we were helping homeowners get Home Equity Lines of Credit before the pandemic, during the early days of the pandemic and we’re working with even more local homeowners now.
If you’ve decided it’s time to get a Home Equity Line, you can come in to our offices at 671 Washington Street – next to the Post Office – in Canton Center. (As part of the Phase 3 re-opening, please call 781-828-8811 x4 to schedule an appointment.)
Or you can apply for a Home Equity Line of Credit on our web site with follow-up phone calls and all the paperwork distance-handled, if that works better for you.
Questions? Email VP/Senior Loan Officer Anabela Vargas or call at 781-828-8811 x37.
Canton Co-operative Bank NMLS #721437
Anabela Vargas NMLS #582849 – Falo Português.