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PrimeBuster Home Equity Line

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New Equity Customers: Apply Online


A home equity line of credit, also known as a HELOC, allows you to access your home's value to finance major purchases or to establish an emergency line of credit. If you are looking for financial flexibility with guaranteed below-market rates, apply for a Belmont Savings Bank PrimeBuster HELOC today. The PrimeBuster HELOC rate starts below the Prime Rate and stays below the Prime Rate for the life of your loan. Use your line for anything including improving your home, consolidating debt, and paying for education tuition.**

Benefits of a PrimeBuster Home Equity Line of Credit: 


How to Apply:

Select from the application options below:

  1. Click here to apply for a HELOC online.
  2. Visit any branch location to work with us on your Home Equity Line of Credit application.
  3. Drop off, mail, or fax your HELOC application
    • Print HELOC application.
    • Send by fax to: 617-993-3819
    • Drop off at any of our branch locations
    • Send by mail to:

      Belmont Savings Bank
      Attn: Morgan Cambern
      2 Leonard Street
      Belmont, MA 02478

      (NMLS ID #752977)

Belmont Savings Bank strives to make applying for a home equity line of credit easy for anyone. If you have any further questions, please complete the form below and someone will reach out to you shortly.



*PrimeBuster Home Equity Line of Credit (HELOC). Variable APR (Annual Percentage Rate) based on the Wall Street Journal Prime Rate. 5.50% as of 3/1/2019. Current rate Prime minus 1.01% (4.49% APR). Rates are subject to change. Maximum APR 18.00%. Minimum $25,000 line amount and $25,000 minimum draw required. A $300 processing fee applies if the minimum draw of $25,000 is not made at closing and does not stay outstanding for 90 days. If you terminate your HELOC within 24 months from the closing date, the Bank may collect all waived third-party fees as disclosed on your HELOC Settlement Statement provided at loan closing. Interest only payments for initial 10 years with an additional 15-year payback of Principal Plus Interest.  Maximum LTV 80%, rate and terms may vary based upon property type, property value, loan amount, loan to value ratio, credit history, lien position, and income. Not available for homes currently for sale or intended to be sold. Subject to credit approval. 1-4 family, owner-occupied residences, condominiums, and 2nd / vacation, owner-occupied properties qualify. Property insurance required. Flood insurance may be required. Consult a tax advisor for information regarding the deductibility of interest and charges. Trust review fees ranging from $100 to $300 apply for properties held in trust. PrimeBuster HELOC requires a Belmont Savings Bank checking account to access funds. PrimeBuster HELOC requires a Belmont Savings Bank checking account with automatic payment withdrawals to receive Prime minus 1.01% for the life of the loan. In the event that autopay is canceled or there is an insufficient balance in the account to pay a regularly scheduled payment, the rate on the PrimeBuster HELOC may increase to Prime minus 0.51%. 

**Tax laws have changed. Consult your tax advisor for tax deductibility.




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