Home Equity Loans

Equity Loan Products Image

 

Let your home’s equity help you realize your summer dreams—put an addition on your home or camp, purchase a new boat for your days at the lake, take your family on vacation, or finally get the keys to the convertible you’ve always wanted – PLUS we’ll pay $100 toward your closing costs!*

HOME EQUITY LINE OF CREDIT (HELOC)

Our Home Equity Line of Credit (HELOC), works much like a credit card in that you can borrow money within your credit limit whenever you need to. The best part is that you make payments only on the amount you borrow. If you qualify, a HELOC may give you certain tax benefits.*

EASY EQUITY LOAN

Our Easy Equity Loan allows you to borrow a fixed amount of money against your home for a fixed term. You will repay the loan with equal monthly payments over a fixed term, like you would a mortgage.

With Bangor Federal's home equity loan products, you can enjoy the following benefits: 

• Low rates!
• Local service—you can rest easy knowing that your loan will never be sold to another financial institution.
• Easy access—manage your account on the go with Online and Mobile Banking, or use our ITMs for extended drive-through hours. 


Give us a call at (207) 947-0374 or visit one of our branches and speak with a loan officer to apply. 


*Some restrictions may apply. BFCU membership required. Home must be an owner-occupied Maine dwelling with proof of insurance. Based on credit approval. Offer expires June 30, 2017.