Home Equity Line

Who is it for?

This revolving line of credit is ideal for homeowners looking for a smart and affordable way to borrow over time.

What are the costs?

With a Middlesex home equity line of credit, there is –

No application fee
No annual fee
No closing costs
No points
No relationship requirements

Early termination fee of $400 will apply if loan is closed within the first two years.

What are the restrictions?

Property must be an owner-occupied primary residence
Property insurance is required
Loan amounts available from as little as $20,000
You may borrow up to 80% of the value of your home, 70% if the property is a condominium or multi-family. (Lower limits may apply to requests for more than $250,000.)
Rate fluctuates with the Prime rate, but will never drop below 4% or rise above 18%

What do you get?

Potential tax savings (consult your tax advisor)
The flexibility to access funds any time for any purpose
The ability to use your outstanding loan balances in your Freedom Gold relationship

Click here to access our loan calculators.

Apply now online

Call 1-877-672-7654 to apply today.

What is the Rate?

Rates effective February 1, 2012 - February 7, 2012

Product	APR*	Term	Monthly Pmt/$1000
Prime Rate Line of Credit	4.00%	240 months	$3.40 per $1000 interest only $25 Minimum payment Minimum APR (Rate Floor) 4.00%
Notes: Annual Percentage Rate Home Equity Line of Credit Annual Percentage Rate (APR) is variable based on the Prime Rate as published in The Wall Street Journal* and was 3.25% on 12/17/2008. APR will not exceed 18% and will not go below 4.00%. Property insurance required. Owner occupancy required. See a tax advisor regarding deductability of interest on Lines of Credit. Prepayment penalty applies to lines of credit closed within 24 months. Other terms and conditions apply. Rates subject to change at any time and are quoted assuming an 80% Loan-to-Value ratio.

Product

APR*

Term

Monthly Pmt/$1000

Prime Rate Line of Credit

4.00%

240 months

$3.40 per $1000 interest only
$25 Minimum payment
Minimum APR (Rate Floor) 4.00%

Notes:

*Annual Percentage Rate
Home Equity Line of Credit Annual Percentage Rate (APR) is variable based on the Prime Rate as published in The Wall Street Journal and was 3.25% on 12/17/2008. APR will not exceed 18% and will not go below 4.00%. Property insurance required. Owner occupancy required. See a tax advisor regarding deductability of interest on Lines of Credit. Prepayment penalty applies to lines of credit closed within 24 months. Other terms and conditions apply. Rates subject to change at any time and are quoted assuming an 80% Loan-to-Value ratio.