Equity Rates


Effective as of March 01, 2015

Home Equity Line of Credit

Type Interest Rate Max Term/Months CAPS Annual Percentage Rate Payment per $10k
PlatinumBlue1 1.99% 12 mo. 2.74% afterwards 300 Minimum APR 2.74% afterwards Maximum APR 18.00% 1.99% 12 mo. 2.74% afterwards Variable

Equity Loans2

Type Interest Rate/Fully Indexed Rate Max Term/Months CAPS Annual Percentage Rate Payment per $10k
10 Year Fixed 6.75% 120 N/A 6.82% $114.82
7.75% 180 N/A 7.80% $94.13

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 is not made at closing and does not stay outstanding for 90 days.
  2. Fees/closing costs applicable for Equity Loans. Closing costs could range from $500 – $1,500.
    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

 

Bank NMLS# 486283

Belmont Savings Bank
2 Leonard Street

(Belmont Center)
Belmont MA 02478
617-484-6700
Belmont Savings Bank
277 Trapelo Road

Belmont MA 02478
617-489-6722
Belmont Savings Bank
53 Mount Auburn Street

(Watertown Square)
Watertown MA 02472
617-926-1325
Belmont Savings Bank
1070 Lexington Street

(Inside Star Market)
Waltham MA 02451
781-899-1801
Belmont Savings Bank
699 Mount Auburn Street

(Inside Star Market)
Cambridge MA 02138
617-993-3750
Belmont Savings Bank
33 Austin Street

(Inside Shaw's)
Newton MA 02460
617-993-3770
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2 Leonard Street, Belmont, MA 02478, 617-484-6700

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