Ready Line Home Equity Line of Credit
Does More Than Just Home Improvements
Looking for a great rate on a home equity line of credit (HELOC)? Take advantage of RTN’s Ready Line Home Equity Line of Credit at our discounted rate! Qualified members can receive the low variable rate of 0.50% below the prime lending rate (as listed in the Wall Street Journal on the statement cycle date). And what’s really special about this line of credit is that we offer a discounted variable rate that is good for the life of the loan.
Our Ready Line Home Equity Line of Credit offers:
- Lines of credit are available from $25,000 to $250,000.
- Available on 1- to 4-unit residential properties or second homes located in Massachusetts, Maine, New Hampshire and Rhode Island.
- Members will receive a checkbook in order to take advances at their discretion.
- All standard costs are paid by RTN except for the registry of Deeds Fee. Appraisals may be ordered at the member’s expense.A cancellation fee of approximately $300 will apply if the line of credit is paid in full and closed within three years
- For the first 10 years, interest-only monthly payments are due on the balance outstanding. See the Important Terms of our Ready Home Line of Credit provided at the time of application for all terms and conditions.
- Additional payments can be made without penalty.
- Current rates
Our Mortgage Department is happy to help you if you have questions or would like more information. They can be reached at 781-736-9859.
Available for all U.S. citizens and permanent resident aliens. RTN Variable-Rate Home Equity Lines of Credit are available in MA, ME, NH and RI. The terms and conditions described herein are subject to change. The home equity variable rate is based on the prime lending rate as published in The Wall Street Journal on the statement cycle date and is subject to change. Please see full disclosure in the rates section.