Whether you need a new car, make home improvements, or you're sending a child to college, Needham Bank is here to help. By using your home as collateral you have a variety of Home Equity options. Home Equity Loan: This gives you a low-cost, flexible way to access the equity in your homefor a wide range of purposes, whether it's to buy that special new car you've always wanted or to add that extra bedroom. A Home Equity loan has a fixed amount, term, and fixed rate of interest for the life of the loa.Plus, the interest you pay may be tax deductible. Ask your tax consultantfor more information. Home Equity Line of Credit (HELOC): This is a revolving line of credit which allows you to draw funds simply by writing a check up to your approved credit limit anytime you need it to pay for college tuition or to consolidate your debt. Plus the interestyou pay may be tax deductible. Ask your tax consultant for more information. Click Here to Check Out Needham Bank's Home Equity Loan Rates