as low as
Whether you want the flexibility of a variable-rate or the predictability of a fixed-rate, we'll help you choose the financing option that's right for you.
© 2014 Cambridge Trust Company. All Rights Reserved.
*Rates as low as 2.75% Variable APR based on the Wall Street Journal "Prime Rate" ("Prime") published on the first day of the billing cycle when a change has occurred (as of April 1, 2014) with no minimum Annual Percentage Rate (APR). Rate as low as Prime minus ½% with an auto-deduct from a Cambridge Trust account for Premium or Premium Plus Relationship customers. Otherwise, Prime minus ¼% with an auto-deduct from a Cambridge Trust account, OR Prime plus 0.00% for non-customers. Borrower pays the appraisal fee ($225-$575) for a home equity line of credit or a home equity loan in excess of $100,000 or in excess of 50% of the property's tax assessed value. If title to be held in trust or home equity line of credit or home equity loan is greater than $500,000 legal fees ($500-$815) and recording fees ($250-$325) apply. For home equity lines of credit or home equity loans $1,000,000 or greater title insurance is required ($2.75 per $1,000 of mortgage amount). Consult your tax advisor about tax deductibility. The home equity line of credit interest rate is variable and subject to change monthly. The Maximum Annual Percentage Rate (APR) of interest is 18%. The APR is based on the value of an index. The index is the Wall Street Journal Prime Interest Rate. An early termination fee of $500 will be charged if you close your home equity line of credit within two years from the date of your Home Equity Line of Credit Agreement and Disclosure Statement. Property insurance is required. Flood insurance will be required if property is in a flood zone. Subject to Credit Approval.