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Home Equity Options

Whether you want the flexibility of a variable-rate home equity line of credit or the predictability of a fixed-rate home equity loan, we can help you choose the financing option that's right for you.

Home Equity Line of Credit
A home equity line of credit is a variable rate line of credit with the option to convert new or existing balances to a fixed-rate, fixed-term advance. Use your line of credit if you want convenient access to a reusable source of cash.

What you should know about home equity lines of credit                             http://files.consumerfinance.gov/f/201603_cfpb_booklet_heloc.pdf

Home Equity Loan
Receive the entire amount up front with fixed payments and a fixed rate with a home equity loan. There are no ongoing ability to draw additional funds.

Your home loan toolkit                                              http://files.consumerfinance.gov/f/201503_cfpb_your-home-loan-toolkit-web.pdf

 

Apply for your home equity loan or line of credit

 

Lisa Assarian, Senior Loan Officer, NMLS# 49307
Cambridge Trust Company
1336 Massachusetts Avenue, Cambridge, MA  02138
Direct:  (617) 610-1124
lisa.assarian@cambridgetrust.com
Copyright © 2018 Cambridge Trust Company. All Rights Reserved. Member FDIC. NMLS# 697495
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