Home Equity Loans
Choose a lump sum home equity loan or a borrow-when-you-need-it line of credit
Pay for home improvements, tuition, vacations and more
Ideal for consolidating higher interest loans
Lower rates than most personal loans
Choose from a variety of loan options
Your home gives you access to funds that make it easier to get things done
Make use of your home's equity to obtain an affordable loan that can be used for anything you have planned. At Webster Five Bank in Worcester County, MA, we offer four ways to tap into your money.
- Home equity loan: Get all your money upfront. Because these are fixed-rate loans, you'll have the same payment each month, making budgeting easier.
- Home equity plus loan: Taking on a bigger project or making a pricier purchase? Our "plus" loan lets you borrow even more - up to 95% of your equity.
- Flexline home equity line of credit: Tap into your equity as a flexible line of credit. You'll have manageable monthly payments because you're charged interest only on the amount of money you've actually borrowed.
- Home equity plus line of credit: Similar to our Flexline, except that you enjoy an even higher credit limit – up to 95% of your equity. Cover all types of expenses and consolidate higher interest loans and credit card balances.
Frequently Asked Questions
No, there is no fee for completing our application.
The interest rate is the cost to borrow money disbursed in the loan. The APR is a calculated rate that not only includes the interest rate, but also takes into account other lender fees required to finance the loan.
Tools to Help You Succeed
With competitive rates and flexible options, a personal loan makes your next step feel easier.
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