Great Home Equity Lines of Credit

Get five years of automatic rate protection* with our rate-capped home equity line of credit (HELOC). Your variable rate with autopay (currently 4.50% APR) won’t exceed 6.00% APR for five years – guaranteed. You’ll also enjoy:

  • No fees or closing costs
  • No initial draw requirement
  • Easy access to funds whenever you need them
  • Potential tax deduction on interest (ask your tax advisor)

To get started, complete the short form below:

Next Steps


Once you submit your information, we’ll contact you by your preferred method (phone or email) to discuss your goals and equity situation. We’ll help you determine the best borrowing option for your needs. And if you’re ready to apply, we can start working on it right away over the phone – it’s that easy. Simply complete the short form above to get started.

HOME EQUITY FINANCING AT BANK OF CANTON

Bank of Canton’s home equity lines of credit (HELOC) give homeowners the ability to finance home improvements, education expenses, and other major purchases at a low, variable interest rate. There’s no “teaser rate” or short-term introductory offer. Instead, at Bank of Canton you’ll get a straight-forward rate, easy access to funds, and outstanding service and communication. And if you opt for our rate-capped home equity line of credit, you’ll also get five years of rate protection, too. Details >

*All loans subject to credit and underwriting approval. Rates and terms subject to change without notice. Property insurance required. Flood insurance may be required. Consult tax advisor regarding deductibility of interest. Other rates, terms and programs available. Annual Percentage Rate (APR) is variable monthly based on the Prime Rate published in the Wall Street Journal on the 4th day of each calendar month (or, if the 4th day is not a business day, as published on the prior business day), effective the 5th day of the month. Prime Rate as of 5/4/22 is 3.50%. If more than one Prime Rate is published, the higher rate shall be used. For lines of credit, establishing automatic monthly payment deduction from a Bank of Canton consumer checking or savings account (“autopay”) at time of loan origination is required to receive 0.50% APR discount. If the account is closed or if autopay ceases, the APR could increase.
For Standard HELOCs: APR will be as low as Prime minus 0.50% (but never lower than 4.50%) with autopay, and Prime without autopay. Maximum APR is 18%. 1-4 family owner-occupied or second homes in MA are eligible. Maximum loan-to-value is 70%. Maximum line amount is $300,000.
For Rate-Capped HELOCs: APR will be as low as Prime minus 0.50% (but never lower than 4.50%) with autopay, and Prime without autopay. Maximum APR for first five years is 6.00% with autopay, and 6.50% without autopay. After five years, maximum APR becomes 18%. 1-4 family owner-occupied homes in MA not held in trust are eligible. Maximum loan-to-value is 70%. Maximum line amount is $350,000.