Some Home Equity Line of Credit borrowers are surprised by this question …

According to Canton Co-operative VP/Senior Loan Officer Anabela Vargas, “We obviously always ask borrowers a lot of questions, including how much they think they’ll need. Some are surprised by one particular follow-up question.”

“The other day, I was talking to a couple who said they wanted a $25,000 home equity line of credit for home improvements,” Anabela Vargas said.

“I asked them if they already had estimates for the work they were having done, because home improvements often end up costing more than originally anticipated. They said they were all set. But the next day they called and said they realized it actually would be better if they could get $30,000 instead.”

At Canton Co-operative, we know that getting the right Home Equity Line at the beginning is easier and costs a borrower less than coming back for more later. Which is why we always ask borrowers that question.

Having a larger Line keeps your options open. And once it’s established, a Home Equity Line of Credit at Canton Co-operative Bank is the closest thing to “free money.” With no annual fees or non-use fees, the money is there if you need it. It does not cost you anything until then.

Right now is a great time to apply for a Home Equity Line of Credit if you’d like to have it in place for any expenses you may have coming up later this Spring or Summer. Contact Anabela Vargas at 781-828-8811 x4 or come see us.

Canton Co-operative Bank has been Canton’s hometown bank since 1891 and is rated “5-Star for Strength & Stability” as “one of the strongest banks in the country,” according to bank-rating service BauerFinancial of Coral Gables, Florida. All deposits are insured by the FDIC and the Share Insurance Fund (SIF). The phone number is 781-828-8811.

Canton Co-operative Bank is an Equal Housing Lender. NMLS #721437
Anabela Vargas – NMLS #582849 – Falo Português.

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