Heloc

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Heloc

A home equity line of credit is a low cost, low interest way to bring a little joy into your life

How, you might ask?

Let us help you find an easy way to bring some joy and happiness into your life. Whether it's a new room for you and your family, a way to get out and about in style, or even making the house you have into the home you want. Whatever your hopes and goals, a HELOC is a great way to get what you want from what you already have.

Ready to Apply?

Click the button below to create your account and start the application process. Creating your account will establish your User ID and Password. You’ll need these to access your application, so you may want to make note of them.

Apply Now

What’s a HELOC?

A Home Equity Line Of Credit lets you borrow money against the equity you’ve built up in your home.

How does it work?

You can transfer money from your line of credit to your checking account up to your credit limit, pay interest only for up to 15 years, then take up to another 15 years to repay the loan, so its designed to be easy to use and very flexible.

Am I eligible?

To qualify for a HELOC, the value of your home must be greater than what you already owe on it. You can typically borrow up to 80% of the value of your home, minus what you already owe. Also we look at your credit score and history, employment history, monthly income and monthly debt payments, just as when you first got your mortgage.

What’s next?

If you still have questions, give us a call at (802) 254-5333. It's time for joy!

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Features and Benefits:

  • 2.99% for the first year*, followed by a discounted variable rate in years two through fifteen**
  • Pay only interest during the first fifteen years, if you like
  • You can borrow money for 15 years, up to a certain credit limit, then take up to 15 years to repay
  • Access your line of credit by writing a check or making an online transfer
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*   The interest rate on the line of credit will be discounted for the first twelve (12) months. Currently, the discounted rate is 2.99%, fixed for the first twelve months with an annual percentage rate ("APR") of 3.032% which equates to an periodic rate of .000831%. The APR does not include costs other than interest.

**    In years two through fifteen the HELOC will have a Variable Annual Percentage Rate (“APR”) based on The Wall Street Journal Prime Rate (“Prime”) published on the first business day of the month, minus .25% (3.00% APR as of 4/1/2021). Maximum APR is 18%. Minimum APR 2.50%. In years sixteen through thirty the HELOC will have a Variable Annual Percentage Rate (“APR”) based on The Wall Street Journal Prime Rate (“Prime”) published on the first business day of the month (3.25% APR as of 4/1/2021). The maximum APR is 18% and the minimum APR is 2.50%.

Brattleboro Savings & Loan offers Home Equity Lines of Credit as low as $10,000.

Other fees and charges may apply, contact us for more details.

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