PUT THE POWER OF HOME EQUITY TO WORK.
Whether you choose a Home Equity Loan or Line of Credit, it’s a great way to put the equity in your home to work for you. For anything from home improvements to college financing, an equity loan or line of credit might be the perfect financial tool.
Good Neighbor Equity Line of Credit
Get a great low rate of 1.99% APR for the first six months, followed by a variable APR thereafter, currently 5.50%.
A home equity line of credit is ideal for homeowners looking for a smart and affordable way to borrow over time.
With a Middlesex Good Neighbor Equity Line, there is:
No application fee, No closing costs, No points, No account relationship requirements
The flexibility to access funds any time for any purpose
Loan amounts available from as little as $20,000
- Your outstanding loan balances count towards your Freedom Gold or Freedom Platinum checking minimum balance requirement.
Good Neighbor Home Equity Loan
Borrow $30,000 for less than $200 month.
You've worked on your home, now let it work for you with a Good Neighbor Home Equity Loan.
A Middlesex Good Neighbor Home Equity Loan provides a fixed rate so you’ll know your payments will be the same each month. Plus, the interest paid on your home equity loan may be tax deductible.
No application fee, No annual fee, No points or closing costs.
No relationship requirements.
Loans available from as little as $20,000.
And, your loan balances help waive the monthly maintenance charges of a Freedom Gold or Freedom Platinum checking account.
THE GOOD NEIGHBOR GUARANTEE℠
We think you'll love our equity service and want to tell us about it. In fact, we'll donate $50 to a local charity for any new equity customer who calls to tell us how we did. 1-877-672-7654 is the number.
Product Information: Property insurance required. Owner occupancy required. Tax and insurance premiums, if applicable, are not included and the actual payment obligation will be greater if an escrow account is required or requested. 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 (75% loan-to-value for loans of over $250,000). All loans are subject to credit approval.
Home Equity Loan Information: Example rate is equal to 240 payments of $197.99 per month with an Annual Percentage Rate (APR) of 5.00%.
Home Equity Line Information: Annual Percentage Rate (APR) for the Good Neighbor Equity Line℠ is fixed for the first six months at 1.99%. The rate will revert thereafter for the remainder of loan term to a variable rate of Prime plus 0.25% as published in the Wall Street Journal at the beginning of each monthly billing cycle. As of 9/26/18, the Prime Rate was 5.25%. 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.
Good Neighbor Guarantee: Good Neighbor Equity Line and Good Neighbor Equity Loan are not associated with US Department of Housing and Urban Development (HUD) or any programs offered by HUD. Good Neighbor Guarantee: We are confident you will love our equity service and want to tell us about it. In fact, every time a new home equity customer calls 877-672-7654 and tells us how we did, Middlesex Savings Bank will donate $50 to a local charity. One donation per line of credit or loan, new equity accounts only. Offer subject to change or termination at any time. Talk to a loan officer for details.