Equity Lines & Loans

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The Timing Is Right. And So Is The Rate.

We’re offering a special low rate on our home equity line of credit. You’ll receive an introductory low rate of 2.49% APR for the first 24 months.*

It’s money you can use wherever and whenever you want. Use it for home improvements or that long-awaited vacation. You can even pay off your credit card debt.

Best of all, there are no application fees or closing costs.

Calculate the equity in your home

You can borrow up to 80% of your property’s value.

Home Value x .80 __
Remaining balance of mortgage __
Subtract the second line from the first line for your available equity.

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Visit any of our conveniently located offices throughout the South Coast of Massachusetts and Rhode Island.

*Introductory Annual Percentage Rate (APR) of 2.49% is fixed for the first 24 months (variable thereafter) and available with automatic payment from a BayCoast Bank checking account. Variable APR is based on The Wall Street Journal Prime Rate (“Prime”) (3.25% APR as of 9/27/2021) and is subject to change. The rate floor and minimum APR is 3.25% and the maximum APR is 18.00%.  10 year draw period of interest only payments followed by a 10 year repayment period of principal and interest payments.  Offer available for 1-4 family owner-occupied properties with a combined loan to value ratio of 80% or less as determined by an online statistical appraisal acceptable to the Lender. Minimum loan amount is $5,000.  If the loan amount exceeds $250,000 or an online value is not available, a certified property appraisal (to be paid by the borrower) may be required.  If the property is held in a trust, borrower may be required to pay for related attorney fees.  Hazard insurance is required, and flood insurance may be required.  No annual fee.  Offer subject to credit approval and other restrictions may apply.