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Home Equity Loan

With a Home Equity Loan, you can use one of your most powerful assets, the equity in your home, to borrow funds for a variety of needs. Your home's equity is determined by taking the market value of your home and subtracting any balances owed on the home.  Because the loan is secured by your home's equity, rates are much more competitive than with an unsecured loan.

With a Home Equity Loan, you borrow a set amount (up to 90% of your home's equity) in a lump sum and make fixed monthly payments for the term of the loan.  Achieve offers low, fixed rates with terms ranging from 5 years to 20 years. Home Equity Loans can be used to pay for home repairs or improvements, education expenses, debt consolidation or other major expenses.

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Prefer to speak with a representative? We'd love to help you out! Give us a call at call 860.828.2790 ext. 8940, or fill out the form below and we'll reach out to you.

  • No Closing Costs

    No closing costs or application fees for loans of $25,000 or more

  • Fixed Payment

    Make the same, fixed principal and interest payment every month

  • Fixed Rate

    Enjoy the same low rate for entirety of your loan, with no fluctuation

  • Tax Deductible

    Interest paid on your Home Equity loan may be tax deductible (consult your tax advisor)

  • No Prepayment Penalty

    Make extra payments or pay your loan off before the due date with no penalty fees

  • Loan Protection

    Credit Life and Credit Disability insurance available for added protection

Home Equity Loan
Term Rates as low as*
Up to 60 Months 5.99% APR
Up to 120 Months 6.25% APR
Up to 180 Months 6.50% APR
Up to 240 Months 6.99% APR

 

Have a mortgage question? Send us a message and we’ll reach out to you.

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1 No application fee or closing costs on loan balances of $25,000 or more. Application fee of $350 and an $85 recording fee on loans under $25,000. A $60 Release fee may also apply.

Property insurance required. Home Equity Loans are available for CT properties only. Other restrictions may apply.