Home Equity Loans

Even while you're kicking back to relax, your home can be working for you. The equity you've built is your ticket to low-rate financing for [insert your wishes here].

You're in control to use the money as you wish. As an added bonus, the interest is typically tax deductible. Come to Lee Bank and we'll help you decide which plan works best for you—a fixed term loan or line of credit.

Summary
  • Local decision-making and servicing
  • Competitive rates
  • Interest is typically tax deductible*
  • Use money for any need or want

Home Equity Loan

  • Fixed rate, fixed term
  • Funds disbursed up front in lump sum
  • Consistent monthly payments

Home Equity Line of Credit (HELOC)

  • Variable rate
  • Use funds as needed (or not at all)
  • Interest only on what is used
  • Re-use credit line without re-applying

Fixed Rate Option HELOC

  • Part fixed rate portion, remainder as line of credit
  • Protects against rising rates on amount that is fixed
  • As fixed portion is paid off, line of credit increases proportionately
  • Fixed portion available up to 15-year term

Our lending area includes Berkshire County, Hampden County, Massachusetts, and neighboring counties in New York and Connecticut.

Check out our current rates.

*Consult a tax advisor.

Home Equity Loans

You may also be interested in...