Personal Banking

If you're a homeowner, you may find that a Home Equity Line or Loan will be the preferred way to borrow. Both types of Home Equity Credit have potential tax advantages, however, you should ask your tax specialist to advise you on this.

Home Equity Lines and Loans are available for owner occupied 1-4 family primary, and some secondary homes qualify. If the value of your home, along with your current mortgage balance and ability to repay meet our guidelines, you may be eligible to enjoy the benefits of our Home Equity Line of Credit or Home Equity Loan. Not intended for homes currently on the market, or intended for sale within six months of closing. Property insurance is required.

The information below will help you decide which equity option is best for you.

Home Equity Line of Credit

The Cape Cod Five's Home Equity Line is a form of revolving credit that can be used for many purposes. Use it to purchase a new car, remodel the kitchen, pay for a college education, or to consolidate debt. Plus some of it can serve as a ready reserve of stand-by cash.

Borrowing Flexibility
You can use this line of credit as a reserve to draw upon whenever you need cash. Unlike loans made for specific reasons, funds borrowed on your Home Equity Line of Credit can be used for almost any purpose.

Borrowing Ease
No phone calls or bank visits are required. The Bank will supply you with special checks. It could not be easier. Simply write a check, at any time, anywhere, and for any amount from $500 up to the full amount of your Line of Credit. Pay it down and reuse it as often as you wish.

• Attractive Terms
  Finance charges, which apply only to the amount you have withdrawn.

Home Equity Loan

The Cape Cod Five's Home Equity Loan is a great way to finance just about anything...on a planned repayment schedule. Upon approval, funds are made available in a lump sum.

• Attractive Terms
  Finance charges are fixed for the life of your loan.