When you have a large, fixed expense you want to address, consider a Home Equity Loan that delivers a specific amount of money with a competitive, unchanging interest rate. Your home in Massachusetts or Rhode Island can hold the key to financing home projects, debt consolidation, education and medical costs, or any number of expenses.
You'll get your money in a lump sum, with terms available from 5 to 20 years. During that time, your interest rate and monthly payment will remain the same, giving you certainty in your budget. Plus, there are no closing costs or annual fees, so more of your money can be used to address your goals.
Typically, you need a loan-to-value (LTV) ratio of 75% or less to be eligible.