Home Equity Line of Credit

EBSB’s home equity line of credit makes accessing your funds easier than ever. Simply write a check for the amount you need or advance the funds through EBSB Internet Banking to your checking account. It’s that easy.

Rate (Prime minus 1%)      4.00% APR*

To learn more about EBSB’s Home Equity Lines of Credit, contact a bank representative at 800-657-3272 or click here. 

*Annual Percentage Rate (APR) effective as of August 31, 2010 is based on the Prime Rate as published on the last business day of the month. Rate and term may change at any time. Minimum rate is floored at 4.00% and will not exceed 18% APR. 1-3 family owner occupied properties excluding mobile homes. Lines available from $10,000 to $500,000. Property insurance is required and flood insurance may be required. 80% maximum combined loan-to-value; appraisal may be required. Closing costs may apply in some situations. Annual fee $50.00. Early termination fee of $500 applies for lines closed within the first 24 months. Additional fees applicable if secured by first mortgage. Consult your tax advisor regarding deductibility of interest.