Home Equity Line of Credit
Make the most out of the equity in your home.
A Nantucket Bank Home Equity Line of Credit (HELOC) may be your ticket to financing a home improvement project you’ve been planning, paying your child’s tuition, or even consolidating debt.
A HELOC gives you a flexible source of extra cash – you can withdraw funds on an as-needed basis and pay interest only on what you borrow. Nantucket Bank HELOCs are available for primary residences, secondary and vacation homes, and condominiums. Our low introductory rate will give you access to the funds you need quickly and affordably so you can get started on your “To-Do” list sooner. A Nantucket Bank HELOC features:
- An introductory rate of 1.99% APR1 for the first 6 billing cycles
- Prime minus 0.50%1 after the first 6 billing cycles
- Lines available for $20,000–$500,000
- Interest-only payments available
- A 10-year draw period, followed by 15-year repayment period
Get started today.
For more information about our Home Equity Lines of Credit, call 508.228.0580 or apply online.