Rates - Equity

Home Equity Products*

Effective as of May 09, 2013

Home Equity Line of Credit

Equity Loans⁴

Fees & Charges

1. No closing costs or annual fees for PlatinumBlue HELOC. $25,000 minimum draw required at closing. $300 early termination fee. $300 processing fee imposed if the minimum draw of$25,000 not made at closing and does not stay outstanding for 90s days.
2. No closing costs or annual fees for Treasury HELOC. $50,000 minimum draw required at closing. Closing costs of $0 - $500 will apply if an appraisal is needed.
3. No closing costs or annual fees for Prime HELOC. $300 early termination fee. 
4. Fees/closing costs applicable for Equity Loans. Closing costs could range from $500 - $1,500. ARM Equiry loans are variable rate loans.
   
   Interest may be tax deductible. Please consult a tax advisor.

*Lending Requirements

• 1-4 Family Owner Occupied Residences
• Rates subject to change without notice
• Equity product payments are based on a monthly repayment schedule
• Any borrower obtaining a loan secured by real estate must provide the Bank with satisfactory proof of hazard/homeowner's insurance
• Subject to credit approval

Primary Lending Area

All cities and towns in Essex, Middlesex and Norfolk counties, Massachusetts. Also: Allston and Brighton, Massachusetts