Home Equity Loan
What can a heloc do for you?
Are you ready to pay off debt, take on a home improvement project, or take that trip you've been dreaming about?
Our Home Equity Line of Credit (HELOC) might be the "YES!" you've been looking for.
The Home Equity Line of Credit from Machias is the most convenient way to turn the equity in your home into real money that can turn those wants into reality.
Details for Home Equity Line
- Variable interest rate
- Advances made electronically
- May be used at the discretion of the borrower
- Interest may be tax deductible*
- Automatic payments available
- One-time application credit can be paid off and reused without reapplying
- Variety of payback options
- Rates are generally lower than other loan options
- No prepayment penalties
DETAILS FOR HOME EQUITY Loan
- Fixed interest rate
- Fixed monthly payment
- One lump sum disbursement at loan closing
- Interest may be tax deductible*
- Minimal closing costs
- Minimal processing time
- Automatic payments available
- Variety of terms
- No prepayment penalties
*Consult your tax advisor for more information
Equal Housing Lender.