Home Equity Loans MA, Home Equity Line of Credit MA

Whether you want to pay for home improvements, consolidate debt, or buy a new car, Metro has many home equity options to suit your needs.

• Prime minus 0.50% for life - currently
• Our Flex Line allows you to convert all or any portion of your balance to a fixed rate loan 
• Interest only payments during the 10 year draw period
• Line amounts from $15,000 to $500,000

*Annual Percentage Rate 2.75% is 0.50% below prime and is a variable rate based on the prime rate as published in the Wall Street Journal. Prime as of 4/30/14 is 3.25%. Maximum APR is 18%. Minimum APR 2.75%.
¹See additional disclosures below.

Flex Home Equity Line of Credit Disclosure

 

• Borrow a lump sum for a specific purpose
• Lock in a low rate for the life of the loan
• Fixed monthly payments  for easier budgeting
• Minimum loan amount of $15,000

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Home Equity Lines & Loans: 
¹Loan to value not to exceed 80% or 75% for condos.  LTV may be reduced based on creditworthiness.  Available on 1-4 family primary residences in MA or southern NH.  Property insurance required. $135 to $525 fee if appraisal is required. $140 review fee if property is in a trust. NMLS# 198524.

Home Equity Lines of Credit. Early termination fee of $500 applies for lines closed within first 36 months, not to exceed 2% of original loan limit.