Home Equity Line of Credit (HELOC)

When you want to borrow a little now. Or maybe a little more, later.

Anytime you want. For anything you need.

A home equity line of credit is a form of revolving credit that is secured by your home. It provides you with the flexibility of accessing the funds that you need, when you need them, and to do so at a cost that is generally lower than unsecured forms of credit such as credit cards.

It would be nice to know exactly when you'll need extra money. But life's expensive moments tend to be unpredictable. That's why it pays to have a low-cost loan fund you can draw on time and time again when bills pile up, repairs are needed or you're in need of a little un-budgeted fun. When challenges keep coming your way, Middlesex Savings Bank is right there with you.

With a Middlesex HELOC: 

  • Credit lines start at $20,000 and go up to $500,000
  • There is no application fee, no closing costs, or points
  • There are no account relationship requirements
  • You may access money when you need it, in any amount that you need

Middlesex Savings Bank is a full-service bank serving individuals, families, and business owners in central and eastern Massachusetts.

Product Information: Property insurance required. Owner occupancy required. See a tax advisor regarding deductibility of interest on loans. Others terms and conditions apply. Rates subject to change at any time and are quoted assuming an 80% loan-to-value. All loans are subject to credit approval.

Home Equity Line Information: The Annual Percentage Rate (APR) is a variable rate of Prime minus 0.50% as published in the Wall Street Journal at the beginning of each monthly billing cycle, subject to a minimum rate of 3.50%. As of 6/1/2024, the Prime Rate was 8.50%. The maximum APR is 18%. $50 annual fee applies. Fee is waived with a Freedom Gold® Checking or Freedom Platinum® Checking account. Early termination fee of $400 will be charged if the home equity line of credit is closed within the first 24 months.