If you’re a homeowner, you can use the equity you have built up in your home to secure possibly the lowest-rate financing available. And, whether you select a variable-rate Home Equity Line of Credit or a fixed-rate Home Equity Loan, the interest may be tax-deductible (check with your tax advisor).
Home Equity Line of Credit
Homeowners can have a flexible source of funds for many of life’s necessities – from a new car to college tuition to your daughter’s wedding. Borrowing is as easy as writing a check. The interest rate changes according to market rates.
Home Equity Loan
A Peoples Home Equity Loan allows homeowners to take advantage of the equity in their home to secure a low interest rate that is fixed for the term of the loan. This means you will know exactly what your loan payment will be every month, and you will know when the loan will be repaid.
For more information, please contact us if you have any questions about our products or services. You can use our information request form, or give us a call at (617) 254-0707.