Rates effective as of
Home Equity Line of Credit*
Prime - 1%
Home Equity Line of Credit in Excess of $100,000
Prime - 1/2%
Home Equity Line of Credit of $100,000 or less
Prime - 1/4%
Prime + 0%
Home Equity Loan*
Personal Installment Loan**
Home Equity rates available for 1- 4 family owner-occupied and vacation properties only
For repayment of a 15-year Home Equity Loan at 5.500% APR the monthly payment would be $8.17 monthly per thousand.
* Borrower pays the appraisal fee of approximately $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 property held in trust or line of credit or loan is greater than $500,000 legal fees ($425–$815) and recording fees ($175–$325) apply. For lines of credit or loans $1,000,000 or greater title insurance is required ($2.75 per $1000 of mortgage amount). Full 50 year title certification fee required for lines of credit or loans from $500,001 -$999,999 ($150– $300). 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. $500 fee for early termination for line of credit applies. Relationship rate is available to borrowers who maintain a Cambridge Trust Company Premium or Premium Plus Relationship account, with auto-debit of the monthly payment from a Cambridge Trust Company deposit account. Minimum APR of 4.00% for Relationship or 4.50% for non-Relationship customers applies to Line of Credit only. Property insurance is required.
**Loans for Educational Purposes only available on a secured basis.
Cambridge Trust Company’s lending area includes Middlesex, Suffolk, Norfolk, Essex, Plymouth, Barnstable, Dukes, Nantucket, and Worcester counties.
For more information, ask your branch representative or call 617-876-5500.
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