Open up the possibilities with a Home Equity Line of Credit!
Perfect for Home Renovations, Vacations, Education Expenses or simply paying off credit cards. A Home Equity Line of Credit gives you the funds you need!
WITH automatic monthly payments from a Bridgewater Savings checking account. Prime Rate minus 1% for the life of the line.
WITHOUT automatic payment. Prime Rate minus 0.75% for the life of the line.
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* Annual Percentage Rate (APR) based on the Prime Rate as published in The Wall Street Journal on the last business day of the billing cycle. This rate may increase or decrease monthly. As of February 1, 2018, the Prime Rate is 4.50% with a Minimum Floor Rate of 3.50%. The maximum APR is 18% during the life of the line of credit. Line amounts from $10,000 to $300,000 for 1-2 family primary residences within Massachusetts. Bridgewater Savings will waive fees to obtain a Home Equity product. Fees to be waived include automated valuation (AVM) fee on single family homes, credit report fee, flood zone determination fee and legal fees. Appraisal fee, if required, is payable in advance by applicant. There is a $50 annual fee. There is a $400 early termination fee if the line is terminated within 36 months after the Agreement is signed. 80% combined loan to value ratio up to $200,000 for 1-family residences and condominiums. Lower loan to value ratio for all other transaction & property types. All home equity products require proof of adequate property insurance.