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For most of us, our home is our biggest asset. As a homeowner, you can use the equity in your home (basically, equity is the difference between the value of your home and how much you owe on it) as security for a loan. We offer competitive rates and, for most borrowers, the interest is tax-deductible. So be sure to check with your tax advisor.
The choice is yours:
- Our variable-rate Home Equity Line of Credit makes borrowing money as easy as writing a check. In fact, we give you a supply of checks so you can draw on your cash reserve as you need it, when you need it. Plus, you can request to have your monthly payments automatically withdrawn from your East Cambridge Savings Bank checking or savings account. And, our Home Equity Line of Credit features an excellent competitive rate. Click here to apply online!
- If you like the idea of home equity credit, but prefer fixed rates and a fixed repayment term, our Home Equity Loan is the answer. The rate is attractive and we offer a range of repayment terms to fit your budget. It’s an ideal solution for all kinds of important expenditures everything from a home remodeling project to a new car to a college education. Click here to apply online!
How can we help you?
To find out how we can help you, please stop by any branch office, complete our information request form or give us a call at 1.866.354.ECSB (3272).
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