My Home Loans

Finance

Access "Essex Bank" with "My Home Loans" App

HOME EQUITY
Tuition, renovations, and more, Essex Savings Bank's Home Equity Loans provide opportunities to fund your life goals and projects.

Home Equity Loan (HELOAN) 

With a HELOAN, use the equity in your home to obtain funds, subject to value limitations,

with attractive fixed rates and monthly installment payments. 

Here are just some of the benefits:

  • Convenient online application
  • No application or appraisal fees for loans > $25,000
  • Safe from rising rates with locked in interest rate
  • 5 - 15 year term options
  • No prepayment charges
  • Local Loan Officers available to work with you
  • Consult your tax advisor for possible tax advantages

Home Equity Line of Credit (HELOC)

With your HELOC, you can borrow using the equity in your home to obtain funds,

subject to home value limitations with a variable rate and monthly interest payments.

Here are just some of the benefits:

  • Convenient Online Application
  • No application or appraisal fees for lines > $25,000
  • Pay just interest on a monthly basis during your draw period
  • No early termination charges after 2 years
  • No attorney required if title insurance is not required
  • Local Loan Officers available to work with you
  • Consult your tax advisor for possible tax advantages