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Home Equity Line of Credit

Home Equity Line of Credit
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Summary

Do you need to cover major home repairs, a medical emergency or your child's college education? Sutton Bank Home Equity Loans are available with a fixed rate or variable revolving line of credit secured by a mortgage on the customer's primary residence. With qualifying credit, loan amount can be up to 80% of the home's current market value. Don't forget to ask an accountant how you can deduct the interest from your taxes.

  • Low loan rates*
  • Long repayment terms up to 120 month
  • Low monthly payments
  • Write up to 24 checks out of this account per year
  • Annual fee of $45**

* Variable APR is based upon the Wall Street Journal Prime Rate. The maximum APR is 18%. Other rates and terms available. Property, title, and/or flood insurance may be required.

** Borrower must pay all applicable closing costs, which can range from $0 to $450.

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