your questions   our answers
 
 
who is this for?   Customers looking to finance larger purchases at an attractive fixed rate, with fixed monthly payments, by securing the loan with the equity in their home.
 
how does it work?
  • Choose to pay only the interest each month
  • Choose a term from 5 to 15 years
  • Rate fixed for the first five years then adjusts annually to Prime - 1/2%
  • No application fee, no closing costs.*
  • $50,000 minimum
  • Requires automatic monthly payments from a Wainwright checking account
  • Tax deductible interest payments! While you can no longer deduct interest paid on credit cards, personal loans and car loans, you may be able to deduct interest payments made on Home Equity Lines within the guidelines of the law. (Please consult you tax advisor for further information)
  • Use it for any financial need! Consolidate your debt, buy a new car, fix up the house, or finance a college education
  • To estimate your Home Equity credit borrowing potential, contact us today
 
what else should I know?
  • No points
  • No closing costs
  • No application fee
 
what other services should i consider?
 
 
learn moreget the personal relationship package!

Make your banking easier and save hundreds of dollars by wrapping your personal accounts and loans together into one simple package. Get more convenience for less money with features like free checking, free worldwide ATM transactions, free overdraft protection, and lots more!
 
1-4 family primary residences only; not available for homes currently for sale or intended to be sold within 6 months of loan closing; property insurance required; promotional offer is for new loans only and not for refinancings of existing loans with Wainwright Bank; consult tax advisor regarding the deductibility of interest; no closing costs feature is based on use of tax assessed home value - market appraisal fee, if applicable, will range from $250 - $500; a prepayment penalty may apply for lines closed within the first 24 months; see Bank for details.

Please note: Our lending area for loans & mortgages is primarily Eastern Massachusetts.
Wainwright: banking on Valuespersonal banking options

 

Equal Housing Lender and FDIC Insured
Wainwright Bank & Trust Company, 63 Franklin Street, Boston, MA 02110     Call 617-478-4000 or 1-888-428-BANK