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
Which of the three might be right for you? It’s easy to find out!
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!