Personal Banking Home Equity

Let a lender you trust help you determine if a home equity loan or home equity line of credit is right for you. 

A home equity loan or home equity line of credit (HELOC) may be a smart way to finance your home improvement project, pay college tuition, make a major purchase, or pay off higher-interest debt. Talk to a home loan specialist today to see if a home equity loan or HELOC may be right for you. 
 

Home Equity Loan

Borrow $30,000 for less than $200 month.

A Middlesex Home Equity Loan provides a fixed rate, so you’ll know your loan 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 with terms of 5 to 30 years.

  • Fixed interest rates.

  • 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.
 

Home Equity Line of Credit

A home equity line of credit (HELOC) is ideal for homeowners looking for a smart and affordable way to borrow over time.

  • No application fee, no closing costs, and no points.

  • No account relationship requirements.

  • The flexibility to access funds when you need them in the amount that you need.

  • 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.

Ready to get started? Applying online is quick and easy:


If you have any questions, we’re here to help. For more information call a Home Loan Specialist at 1-877-672-7654.
And you’re always welcome to visit us at your local branch.

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. All loans are subject to credit approval.

Home Equity Loan Information: Example rate is equal to 240 payments of $193.87 per month with an Annual Percentage Rate (APR) of 4.50%.

Home Equity Line Information: Annual Percentage Rate (APR) for the Good Neighbor Equity Line℠ is fixed for the first six months at 2.99%. The rate will revert thereafter for the remainder of loan term to 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 3/16/2020, the Prime Rate was 3.25%. 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.