Bridgewater Credit Union, a Division of Merrimack Valley Credit Union
Mortgage Rates

Home Equity Loans

Fixed Rates

Home Equity Loan Rates As of  

The APR is an estimate and could be higher, based on the date of closing and the number of days interest collected as consummation. APR may change without notice. Minimum loan amount is $10,000. There WILL be an appraisal fee for applications $250,000 and over which can range from $485-$780.

Variable Rates

Home Equity Line of Credit Rates As of  

Minimum Home Equity amount is $10,000. Maximum interest rate for Home Equity Lines of Credit is 18.00%. The maximum annual percentage rate that can apply is 18.00%. There is an appraisal fee for loan applications over $250,000 which can range from $485-$780. The interest rate is based on the Wall Street Journal Prime Rate and may vary monthly. An early termination fee may apply if closed within the first 12 months. Must meet eligibility guidelines. APR may change without notice. 

Getting A Home Equity Loan or Line of Credit through BCU is as Easy as 1-2-3!

1. Estimate how much home equity you have.
Typically, you should have at least 10 - 20% equity in your home in order to borrow from your equity.  For example, if your home value is $300,000 and you owe $240,000 on your mortgage -- you have 20% or $60,000 equity which you can borrow.  If you're not sure, ask us.
 

2. Choose either a Home Equity Loan or Home Equity Line of Credit.
Get a Home Equity Loan if you:

  • need a one-time specific amount of money
  • want a fixed-rate loan

Get a Home Equity Line of Credit if you:

  • want access to a revolving fund that you can use and pay down as needed
  • don't mind a variable-rate loan
     

3. Find out how much you can borrow and pay monthly. 

Give us a call! Our experienced team of Mortgage Originators are here to assist you! 
 

Apply For a Home Equity Loan
 

Linda Brackett
Mortgage Originator NMLS #767583
T: 508-279-2424

 

Amanda Prew
Mortgage Originator NMLS #1798071
T: 508-279-2451

 Let our experienced lenders answer your mortgage questions to make getting a home loan easy.

MSIC NCUA Equal Housing Lender Intercept SUM

NMLS# 447563

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