Home Equity

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Rockland Trust Home Equity

Tapping into your home's equity can help you pay for that home improvement project, tuition bill or other big expense. Rockland Trust offers home equity loans, lines of credit and Express Mortgages so you can get the funds you need. And because your loan or line is secured by your home's value, we can give you a great rate.

We'll work with you to find a home equity solution that meets your needs — with payments that fit your monthly budget. Better yet, the interest you pay may even be tax-deductible.1

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Home Equity Loan

Home Equity Line of Credit

Express Mortgage2

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Best if you need:
One-time loan for a specific amount that you receive in a lump sum.
Access to a revolving line of credit with the flexibility to meet needs as they arise A fixed term loan in first lien position. With repayment terms up to 20 years, this loan features a quick, easy application with no closing costs.
Interest Rate Type
Fixed interest rate.
Variable Interest rate is based on the published Prime Rate and may change monthly. Low fixed interest rate.
Repayment: Happens in fixed monthly payments based on the amount borrowed and the interest rate for the life of the loan. Happens in variable monthly payments based on the amount outstanding and the current Prime Rate. As the line of credit is repaid, funds become available for reuse. Happens in fixed monthly payments based on the amount borrowed and the interest rate for the life of the loan.

Home Equity FAQs >

To qualify for one of these options, you must first determine if you have enough equity in your home. The answer lies with your loan-to-value (LTV) ratio, which is based on: 

  • Your home's market value 
  • Your outstanding mortgage balance(s) 
  • The amount you wish to borrow 

Typically, you need an LTV of 80% or less to be eligible for a home equity loan or line.

How to Apply

Our application process is quick and easy, and we're always happy to talk you through it.

Not sure which is right for you? Take our short quiz and find the best solution for your needs. Get Started >

1. Interest on any portion of the credit that is greater than fair market value of the house is not tax-deductible for federal income tax purposes. You should consult a tax advisor regarding the deductibility of interest and charges.

2. Express Mortgages can be used for refinances only and must be in first lien position.

3. Calculator is for estimation purposes only. Actual loan amounts may vary based on borrower's unique circumstances.