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Home equity loans and lines of credit

Looking for an affordable way to borrow? Using a home equity loan or home equity line of credit (HELOC) enables a homeowner to borrow against a home’s equity for major expenses, like home improvements, debt consolidation, education or medical care, and they offer some of the lowest rates available.

It was a display of THE finest, friendliest service I have ever encountered with any business, anywhere. With all the electronic methods used to communicate these days, the loan originator kept me informed each day. She was really beyond a professional, and seemed honestly interested in how she could help me all along the way… the Bank will always have my business.
– Kenneth

Already started? Complete your application.

Fixed Rate Home Equity Loan — Looking for stability when borrowing? A fixed rate home equity loan keeps your rate and payment constant for the duration of your loan. Terms of 5, 7, 10, 15, and 20 years are available. Need a different term-length? Let’s talk. 

Home Equity Line of Credit (HELOC) — A HELOC lets you access the equity in your home for a variety of purposes. Enjoy almost 10 years of interest-only payments to purchase a vehicle, finance education expenses, complete home improvements or get money for any unexpected expense that may arise. Benefit from the flexibility of using the line when needed and paying it down at your desired pace. After the draw period, required principal and interest payments will keep you on track to repaying any outstanding balance.

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Ready to get started with your loan?

If you’re ready to get to see what a home equity loan can do for you, you can apply online, or come into any branch or reach out to any mortgage lender on our Residential Lending Team, below.

Residential Lending Team

Michael Sheahan
Michael Sheahan

EVP, Chief Lending Officer

(860) 448-4110
Headshot of Matthew Morrell
Matthew Morrell

FVP, Retail Lending Sales Manager

(860) 448-4167
Karen Bilodeau

Mortgage Specialist

(860) 934-1301
John Cassata, Mortgage Specialist in Residential Lending
John Cassata

Mortgage Specialist

(860) 572-4044
Headshot for Dana Chapel in Chelsea Groton Headquarters
Dana Chapel

AVP, Mortgage Specialist

(860) 448-4280
Beth Glynn
Beth Glynn

VP, Mortgage Specialist

(860) 448-4177
Jamie Goulas
Jamie Goulas

AS, Mortgage Specialist

(860) 823-4811
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Edwin Lobo

Mortgage Specialist, Hablo Español.

(860) 572-4085
Headshot of Michele Magowan in Residential Lending
Michele Magowan

AT, Mortgage Specialist

(860) 448-4175
Daniela Ness, Retail Lending Sales Specialist, Residential Lending
Daniela Ness

AS, Retail Lending Sales Specialist

(860) 823-4910
Rick Turner
Richard “Rick” Turner

AVP, Mortgage Specialist

(860) 823-4846
Luann Vinson
Luann Vinson

AS, Mortgage Specialist

(774) 836-0376