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Home Equity Loans

We offer a variety of loan products designed to meet your financial needs. Select the loan that is right for you, and then click on the rate button at the end of this page for current rate information.

HOME EQUITY LOANS

Let your Home Equity work for you! Like most people, your home is probably your best investment. Why not let that investment help you get what you want out of life?
 
A Home Equity Loan or Home Equity Line of Credit from Meetinghouse Bank can help you with:

• Remodeling and renovation
• Debt consolidation
• New vehicle or RV purchase
• College education costs
• Dream vacations
• Or anything else your heart desires!

With two types of loans we have the flexibility to meet your specific needs with affordable monthly payments. There are never any closing costs. And, our loan rates will always be among the most competitive. Take advantage of the Home Equity Loan that is right for you.

HOME EQUITY FIXED RATE LOAN This type of loan is normally made on a specific large purchase, like a new vehicle. You borrow the exact amount of money you need at a low fixed rate which is repaid in convenient monthly installments for a specific term that meets your budget needs. You may qualify to borrow up to 80% of the equity you have in your home.

HOME EQUITY LINE OF CREDIT This loan provides you the convenience of a revolving line of credit which allows you to draw a minimum of $500 or up to the maximum amount of the loan at any time. You simply borrow the amount you need by writing one of the checks that comes with your account. Depending on your situation, you may pay the minimum due (interest-only payment) or a larger amount. The principal amount you repay goes back into your line of credit for your future use. As with the Home Equity Loan, your home is your collateral. You may qualify to borrow up to 80% of the equity you have in your home for a seven-year period.

A Meetinghouse Bank loan specialist is ready to listen and help you develop the option that will best suit your needs. So, call or come in today and well deliver a Home Equity Loan to help you get more out of life!

A Home Equity Loan could provide some significant advantages at tax time, please consult a tax advisor regarding interest deductions.