Home Equity Line of Credit
Borrow up to 70% of the value of your home
A Salem Five Home Equity Line of Credit (HELOC) allows you to borrow up to 70% of the value of your home, while you only pay interest on the amount you borrow. Access your funds by writing checks or by transferring to your other accounts via Online Banking. Work with one of our local Home Equity Loan Specialists, who can help you:
- Determine whether a HELOC is right for you, and how it might help you
- Find out how much equity you have in your home
- Understand the different products, rates, and term options
Helpful HELOC Calculator
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HELOC products are offered through Salem Five Bank | Thomas Toland, NMLS Unique ID #415026
Salem Five Cents Savings Bank NMLS ID #407901
Information relative to mortgage loan originators can be found on the NMLS Consumer Access Website at: www.nmlsconsumeraccess.org/