Home > Personal > Home Equity Loans & Lines > Home Equity Comparison
Whether you want to renovate your home, buy a new car, take a family vacation, pay tuition bills or consolidate high interest debt, we have the home equity account that’s right for you.
Home Equity Line of Credit |
Home Equity Loan | |
|---|---|---|
Who it's for... |
You have a one time financing need and/or ongoing financial needs |
You have a one-time financing need |
Best for you if… |
You need funds at different times and for different amounts Your budget allows for variable monthly payments |
You prefer a fixed rate and a set monthly payment |
Interest Rate |
Variable |
Fixed |
Fees & Closings Costs |
$0 |
$0 |
| Payment Options | Principal plus interest payments Automatic deduction available |
Principal plus interest payments Automatic deduction available |
| Discounts | .50% with automatic deduction from a Bank of Canton account |
None |
Maximum Loan-to-Value % |
Up to 75% of home’s value |
Up to 75% of home’s value |
Access to Funds |
Online, by check, or in a branch |
Receive funds in one lump sum |
Potential Tax Deduction of Interest* |
Yes |
Yes |
| [Check Rates] | [Check Rates] |
*Consult a tax advisor
Personal Statement Savings
0.90% APY*
3 Year Certificate of Deposit
2.00% APY**
Home Mortgages
Call 888.828.1690 for details
Security Alert for Business Online Banking Customers
Stop by your local Bank of Canton branch or call 888.828.1690.
Stop by your local Bank of Canton branch or call 888.828.1690.
Please call our experienced Mortgage Lending Team at 888.828.1690.
Please call our experienced Financial Services Team at 781.737.1918.
Order online today.
Apply online today!