Home Equity Rates

With powerful home equity solutions from Charles River Bank you can tap into the equity in your home and take advantage of powerful benefits to save you money, including potential tax benefits (consult your tax advisor).

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Home Equity Loans

Loan TypeRatePointsAPR*P&I Pmt PER $1000
5 Years4.000%04.000%$18.42
10 Years4.500%04.500%$10.36
12 Years4.625%04.625%$9.06
15 Years4.750%04.750%$7.78
20 Years5.000%05.000%$6.60
*Disclosure applicable to all Home Equity Loans: Products are available for owner-occupied 1-4 family residential properties. Minimum loan amount is $10,000 and maximum loan amount is $250,000.00. Annual Percentage Rate (APR) is .25% higher without autopay from a Charles River Bank deposit account. Homeowners' insurance is required and flood insurance may be required. First liens: If the Bank takes a first lien, payments will not include taxes and insurance, so your actual payment obligation will be greater. If the property is in trust, the Bank will charge you $150.00 for our Attorney's review of your trust prior to closing, and you may be required to pay a recording fee at closing, generally between $76 and $78, to the Registry of Deeds for the recording of the Trustee Certificate.

Home Equity Lines of Credit

ProductTermAPR*
Home Equity Line of Credit
(10 Year Draw followed by a 10 Year Repayment Period)
20 Year Term4.50%
Prime Rate minus .50%
No Points
No Closing Costs
Current Prime Rate is 5.00% APR
Prime Rate minus .50% for Life of Loan for Lines of Credit $100,500 to $250,000
Disclosure applicable to all Home Equity Lines of Credit: Products are available for owner-occupied 1-4 family residential properties. Minimum monthly payment: Interest Only. Annual percentage rate (APR) cannot exceed 18%. Minimum line is $10,000 and maximum line is $250,000.00. Homeowners' insurance is required and flood insurance may be required. First liens: If the Bank takes a first lien, payments will not include taxes and insurance, so your actual payment obligation will be greater. If the property is in trust, the Bank will charge you $150.00 for our Attorney's review of your trust prior to closing, and you may be required to pay a recording fee at closing, generally between $76 and $78, to the Registry of Deeds for the recording of the Trustee Certificate. Rates may increase after consummation on the variable rate products. Rates effective as of 6/14/2018.

Personal Connections. Powerful Solutions.

To find out how your neighbors at Charles River Bank can help you achieve all your financial goals, visit one of our offices, use our contact form, or call us at (508) 533-8661.

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