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Home Equity Loan

With a North Brookfield Savings Bank Home Equity Loan or Home Equity Line of Credit, you can tap into the equity you have in your home and save money with a rate that is traditionally lower than consumer loans. Plus, the interest you pay may be tax deductible (please, consult your tax advisor).

With our Fixed Rate Equity Loan you'll enjoy the security of fixed monthly payments without the concern of rising interest rates.

With our Adjustable Rate Line of Credit you'll enjoy the flexibility and freedom to "write your own loan" whenever you need it, just by writing a check.

With both products, you may be able to borrow up to 80%* of your home value (less the outstanding balance of your first mortgage and any other liens).


Other Advantages

  • No need to refinance first mortgage
  • Monthly detailed statements (Line of Credit)
  • Prompt approval
  • Competitive Rates

To find out whether you're in a good borrowing position, and the maximum amount you may be able to borrow, take our North Brookfield Savings Bank Home Equity Loan Test. Then, apply online with our Secure Loan Application, call us at 508-867-1302 (Toll Free: 866-711-6272, or stop by any of our convenient locations.

*80% of appraised value; 70% of assessed value.