Home Equity Loans Massachusetts, Home Equity Line of Credit MA : South Shore Savings Bank

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Home Equity Loans at South Shore Savings Bank

Make those dreams come true!

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

A Home Equity Line of Credit is the flexible, affordable solution for financing the important things in life.

New car
College tuition
Your child's wedding
Home Improvements

A Home Equity Line of Credit makes borrowing as easy as writing a check. Best of all, you pay nothing for your home equity line of credit until you use it! Apply now or check out today’s rates. Subject to credit approval.

We have a special introductory rate on a Home Equity Line of Credit: 3.25% APR* for 18 months! After that, the rate goes to Prime minus .50% for life with a floor of 4.99% APR* with auto deduction from an SSSB checking account**. Click here to apply for a Home Equity Line of Credit!

Home Equity Loans

If you prefer a fixed interest rate and fixed monthly payments, our Home Equity Loan may be the answer. The rates are competitive and you'll find a choice of repayment terms to meet your needs. Apply now for a Home Equity Loan or check out today’s rates. Subject to credit approval.

Have questions about a Home Equity Loan or a Home Equity Line of Credit? You can call one of our Loan Officers at 781-682-3220 or email our Customer Information Center at CIC@sssb.com.

*Rates as of June 9, 2010 and subject to change without notice. **Annual Percentage Rate (APR) of 3.25% is fixed for the first eighteen months; thereafter variable APR becomes adjustable monthly to The Wall Street Journal Prime Rate (WSJ) minus .50% with automatic deduction from an SSSB checking account, with a floor of 4.99% APR. If you do not have auto deduction from an SSSB checking account, after eighteen months, the rate will adjust to The Wall Street Journal Prime Rate minus .25%, with a floor of 4.99% APR. Rate is subject to change after consummation. Maximum APR 18%. No annual fee. 1 - 4 family owner occupied properties only. Property insurance is required. Flood insurance may be required. Minimum loan amount $10,000. An appraisal fee of $350 - $500 may apply. Consult a tax advisor about the deductibility of interest. This rate is for new loans only. Certain restrictions apply. Subject to credit approval. Early termination fee of $475 may apply.