Home Equity Loan
Fixed Rates and Payments
A Bank of Canton home equity loan offers borrowers an attractive fixed interest rate with the security of a fixed monthly payment.
- Choose from 5-, 10-, 15- or 20-year terms
- No fees or closing costs
- Borrow as little as $5,000, and as much as 70% of your property’s appraised value (up to $300,000)
- Automatic payments available from Bank of Canton checking or savings account
- Interest may be tax deductible (consult your tax advisor)
Before applying, compare the features of a home equity loan to a line of credit. Our local branch staff can explain the advantages of each, and help you choose the best financing option to meet your needs.
Home equity loans are available only as a second lien, and not as a sole/first lien.
Related Products and Services
Providing borrowers with competitive rates and easy, convenient access to credit when they need it.LEARN MORE
Our standard and rate-capped home equity lines of credit provide ongoing access to funds at a low, variable rate. Draw on your line as often as needed, within your line limit.LEARN MORE