Our Benefit Home Equity solutions are all about flexibility. Perhaps you are planning a vacation, or home improvements, or maybe you just want a line of credit available for peace of mind.
A Benefit Home Equity Line of Credit lets you take advantage of the equity in your home. But unlike a term loan, with a line of credit you can use as much or as little as you want of your available equity. It gives you access to cash when you need it. Right away. Down the road. Whenever it makes sense.
Choose the right home equity solution for your needs:
Benefit Home Equity Fixed
- Fixed rate line of credit
- Lines of credit start at $10,000
- Borrow up to 85% of your home's value*
Benefit Home Equity Blend
- Low-interest rate fixed for three years
- Competitive variable rate thereafter, tied to the prime interest rate
- Draw on the line up to ten years
Benefit Home Equity Variable
- Variable rate line of credit
- Competitive interest rates, tied to the prime interest rate
- Access the line as often as you need, whenever you need it
For more information about Benefit Home Equity Lines of Credit, contact your local Bangor Savings Bank branch or call us at 1.877.Bangor1 (1.877.226.4671).
*Including any other existing liens
**Loans, credit cards, Mortgages, and Home Equity Lines of Credit are subject to credit approval.
