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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. |
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- 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
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- No points
- No closing costs
- No application fee
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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!
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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. |
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