NB Home Equity Line of Credit
You’ve established equity in your home and want to build an addition. Or maybe you’d like to consolidate debt to avoid higher interest rate products like student loans, credit cards, and other debt obligations. Or you simply enjoy having a financial safety net available in the case of unexpected expenses or an opportunity to make a large capital purchase.
A Needham Bank Home Equity Line of Credit (NB HELOC) is a revolving credit line which offers the power to tap into your home’s equity to provide funding for what is most important to you. Directly accessible through your NB Checking account, obtaining the funds you need for those outstanding projects has never been easier.
Available to new HELOC customers, our new product offers a discounted variable rate that is 1% below prime for the initial 12 monthly billing cycles. For the remainder of the term, the rate will adjust to 0.50% below prime. Our HELOC product is available for primary residences or secondary homes only and is subject to credit approval. Alternative income HELOCs are also available with different rates and terms.
To get started, contact one of our lenders to talk about your lending needs.