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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.

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

*APR = Annual Percentage Rate. Rate shown based upon loan-to-value of 70%, first lien position with a term of up to 60 months. Rates effective 5/1/2024. Rates and terms subject to change without notice. Payment example: 60 month term loan at 5.99% APR = monthly payments of $19.33 per $1,000 borrowed. No application fee or closing costs on loan balances of $25,000 or more. Application fee of $350 and an $85 recording fee for 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.

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