Home Equity

Looking for a great interest rate and a convenient way to finance home improvements, college tuition, a major purchase or to consolidate debt? Then consider a Home Equity Loan or Home Equity Line of Credit. We offer both fixed and variable rate plans, with terms of up to 20 years. In most cases, we pay the closing costs and as an added benefit, the interest you pay may be tax deductible.*

Home Equity Loans

A Home Equity Loan from Institution for Savings features a fixed rate and a fixed monthly payment for terms of five, 10, 15 or 20 years. Home Equity Loans are fully funded at closing and are ideal for financing purchases requiring a large initial cash outlay.

Home Equity Lines of Credit

This is one of the most flexible loans we offer, allowing you to borrow funds when you need them, for whatever purpose, simply by writing a check against a pre-determined credit limit. Your monthly payments are "interest only" based on your outstanding loan balance and any principal you repay can be re-borrowed at a later date. *Consult a tax professional for advice on interest deductibility. Click here for current rates and/or an application or call us today at 978-462-2344 or 978-356-3600 for more information.