When you have large expenses and projects in mind, turn to our HELOC.
Whether you’re looking to consolidate your debt, begin a home improvement or renovation project, finance a major expense, or take a dream vacation, a Home Equity Line of Credit from BankFive can help. Using the equity in your Massachusetts or Rhode Island home can be a great way to get the funds you need to turn your dreams into realities.
Financial flexibility for your project:
Funds available as a revolving credit line, similar to a credit card
Draw on the funds for up to 10 years
Pay interest only on the funds you use
Ideal for large expenses or to consolidate debt at a lower interest rate
Amount of equity available is based on a house appraisal
Loan amounts up to $500,000 on primary residences and $250,000 on second homes
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