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Amid recent financial industry news, we want to assure you that we are a well-capitalized mutual savings bank with its only priority to serve our customers.

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Home » Personal » Lending » Home Equity

Home Equity

As a qualified homeowner, you can capitalize on the equity you’ve built in your home with a home equity loan or home equity line of credit. It could be one of the smartest and simplest ways to get the money you need to do the things you want. When you’re considering a home equity loan, there are many things you need to consider; how much money you need, what you need the loan for, what payment amounts can you afford, etc. Whether you want to make home improvements, refinance an existing mortgage or home equity loan, consolidate debt, or take a dream vacation, the first step is finding a loan that’s right for you.  Go to our Online Mortgage & Home Equity Lending Center for more information and to view our educational resources.

Home Equity Loan

Borrow a defined amount for a specific period of time. Your payments and your rate are fixed, so you’ll have the stability of knowing what your payments are each month. And, interest may be tax deductible, consult your tax advisor.

  • Fixed interest rate
  • Fixed monthly payment
  • Flexible repayment terms
  • $10,000 minimum loan
  • No closing costs
  • 1-4 family owner occupied (no condos)

Apply View Rates

Equity Advantage Line of Credit

Our EquityAdvantage home equity line of credit is a variable rate revolving credit line. Use your line simply by writing a check to access cash as needed. Our EquityAdvantage account lets you fix a portion of your outstanding home equity line credit (if you choose). You choose the terms for each Fixed Rate Loan Option to fit your needs. In other words, you’re in control! And, interest may be tax deductible, consult your tax advisor.

  • Access funds by check
  • $45 annual fee (waived for first year)
  • $10,000 minimum line
  • Flexible payment options
  • Fixed Rate Loan Option – fix all or a portion of your outstanding line balances
  • 1-4 family owner occupied (no condos)

Apply View Rates

Not sure which home equity product is right for you? To learn more about the differences between home equity loans and lines, view our comparison chart, visit your local branch, or call us at 860.889.7381. We’re here to help!

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© 2023 Eastern Connecticut Savings Bank. All Rights Reserved.

Amid recent financial industry news, we want to assure you that we are a well-capitalized mutual savings bank with its only priority to serve our customers. Eastern Connecticut Savings Bank has been dedicated to serving the local community since 1915, and we continue to do so today.

At ECSB, our business model differs from those making headlines, as we do not specialize in services such as cryptocurrency or venture capital. We are not beholden to stock investors. We reinvest locally by providing a mortgage to your neighbor or a loan to the small business just around the corner.

We want to remind you during this time that we are FDIC insured and that no one has ever lost a dime of FDIC-insured deposits. We are here to support you and answer any questions you may have regarding FDIC coverage, and urge you to visit https://www.fdic.gov/ for more information. Thank you for choosing Eastern Connecticut Savings Bank.