If you want a combination of borrowing flexibility and convenience, our Home Equity Line of Credit is a wise choice. It's a variable-rate revolving line of credit that lets you borrow anytime for any purpose, such as debt consolidation, home improvements, or college expenses.
Cambridge Trust Company Home Equity Line features:
- A rate as low as Prime - 1%, currently 4.00%
APR*
- No points or closing costs *
- No application fee
- No annual fee
- No opening balance requirement
- Interest only payments during the first ten years
- The advantage of tax-deductible payments*
- Check writing for easy access to funds
- Variable interest rate — lower than most other types of credit
Enjoy even more flexibility
You can choose to convert all or part of your Cambridge Trust Company home equity variable-rate line of credit
balance to a fixed-rate advance using our conversion feature. If you want to protect yourself should rates rise
or desire a fixed monthly payment, ask us about our fixed-rate loan advance.**
A Cambridge Trust banker is ready to give you the personal, responsive attention you deserve. Our application
process is simple and because we believe in fast approvals, we'll respond quickly. To apply, call (617) 876-5500
or visit your local branch.
