Financing Solutions for Homeowners
For managing life’s expected and unexpected expenses.
From home repairs, to tuition, to medical bills, expenses can pop up. Charles River Bank offers you two flexible solutions that let you tap into your home’s equity to make them more affordable.
You can apply for either Home Equity solution, anytime, using the links below, or by visiting one of our offices.
Choose the Solution That's Right for You
Home Equity Loan
Ideal for one-time expenses, such as debt consolidation or a car purchase.
If you need to borrow a lump sum of money to finance a big expense, such as a wedding or a new car, our fixed-rate Home Equity Loan may be a good fit.
With a Home Equity Loan you can:
- Enjoy the predictability of a fixed interest rate and fixed monthly payments
- Choose from a range of terms to meet your budget
- Get potential tax benefits (consult your tax advisor)
Home Equity Line of Credit
Ideal for ongoing expenses, such as home renovations or college education.
If you need to draw funds over time, a flexible Home Equity Line of Credit may be right for you. It’s a revolving line that works like a credit card, allowing you to access and repay funds over and over again to finance home renovations, college tuition, and pay for ongoing expenses.
With a Home Equity Line of Credit you can:
- Enjoy access to a line of credit, any time you need it
- Pay an adjustable rate of interest
- Draw on funds for up to 10 years, until your loan reaches repayment and converts to a 10-year fixed-rate loan
- Get potential tax benefits (consult your tax advisor)
Next Steps
Compare Options
Use our interactive calculators to estimate your payment options.
Apply Online
Use one of the buttons above to get started or visit our 24-Hour Mortgage Center.
