With the real estate market heating up and the economy improving, a lot of homeowners who didn’t have much equity have equity now. And they have something they want or need money for … home improvements, solar panels, cars, college bills or an expense that came up out of the blue.Maybe that’s you.
You have a house you like, some equity and a use for some money. But - even though rates are still pretty low - you do not want to go through the paperwork and expense of refinancing into a new mortgage. Been there, done that.That’s where a Home Equity Loan or Line of Credit from Canton Co-operative Bank comes in.It’s the simple, convenient, easy way to get access to your money without touching your mortgage.
There are three different ways to do it:- A Home Equity Loan gives you a fixed amount at a fixed rate, perfect for people who don’t want to be tempted by more money than they need right now
- With a Home Equity Line, you get revolving credit at an adjustable rate
- And our unique Carve Out Loan combines the best of both
Call or email our Loan Officers - Stan Taylor at 781-828-8811 x4 or Bela Vasconcelos at 781-828-8811 x37.
Or come see us at 671 Washington Street, next to the Post Office in Canton Center.
You can also apply online at the Mortgage Center at cantoncoopbank.com.
There’s a lot of information there - rates, loan amount calculators, answers to frequently asked questions. You can also sign up for our free RateWatch service. Check it out!