A Home Equity Loan provides a fixed-rate, lump-sum loan that’s perfect for large-scale home improvement projects or for consolidating debt by borrowing against the equity (the amount of the appraised value of your home that you have already paid off) of your home. Our Salem Seaport Home Equity Loans provide:

• A fixed rate based on the length of time you borrow
• Flexible loan terms of 10, 15 and 20 years

And you can borrow up to 80% of the appraised value of your home (less any first mortgage loan value). See rates.