Home Equity Line of Credit

Home Equity Line of Credit

Summary

Take out a revolving line of credit and use your home equity as collateral. Use what you need, when you need it. It's that easy. Pay for that June wedding, new guest bathroom or for 4 + years at Alfred. Maple City Savings has the answer.

  • Use your home equity as a revolving line of credit
  • Borrow up to 90% of the appraised value of your home
  • Use what you need, when you need it
  • Reuse without having to reapply
  • Several convenient ways to access credit
  • I-Bank online banking
  • ATM
  • Line of credit debit cards
  • Check
  • Advances can be taken over a 5-year period
  • Repayment can be made over a maximum 10-year period
  • Possible eligibility for tax deductions*
  • Local service in upstate New York for quick approvals
  • Friendly, attentive service from your community bank

*Consult your tax advisor.

Rates

Rates are subject to change at any time without notice. For a more specific quote, please contact a loan originator at 607-324-1822 or apply online today.

APR = Annual Percentage Rate.

Home Equity Line of Credit

15 Years

(5 draw + 10 repay = 15 total)

5.75%

Prime + 0.25

Variable Rate Home Equity Line of Credit