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.