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Home > Personal > Home Equity Loans & Lines > Lines of Credit

Home Equity Lines of Credit

Whether you need money to purchase a car, pay school tuition, renovate your home, or consolidate debt, a Home Equity Line of Credit from Bank of Canton allows you to tap into the value of your home as often as you wish at a low variable rate.

How it works

• Borrow up to 75% of the appraised value of your property
• Minimum loan amount is $5,000

Things to Consider

• Interest may be tax deductible*
• Automatic deduction available from a Bank of Canton Checking or Savings account

*Consult your tax advisor.

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Transaction Account Guarantee Program: Bank of Canton has elected to participate in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. Please note that Municipal N.O.W. Accounts do not meet the FDIC definition of a "non-interest bearing account", and, as such, are not included in the Transaction Account Guarantee Program.

Investment products and services are offered through INFINEX INVESTMENTS, Inc. Member FINRA/SIPC. Insurance products are offered through Infinex Insurance Agency of Massachusetts, Inc. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.