Home Equity Line of Credit



> No annual fee
> No minimum draw required
> 10 year draw period (interest only payments)
> 15 year repayment period (principal + interest) 


Home Equity Line of Credit from Westfield Bank is a great way to make home improvements, consolidate debt, or set aside funds for emergency use. And right now, we're offering a great introductory annual percentage rate (APR).

Apply online, call 1-800-995-5734, or visit any of our convenient offices
 



*This Home Equity Line of Credit requires monthly payments to be automatically deducted from a Westfield Bank checking account. Account must be opened prior to closing. After the initial 6 month introductory period, the APR will be Prime rate as published in the Wall Street Journal, currently 5.00% as of 6/14/18. After 6 months, the rate will be variable and may increase. The maximum APR is 18%. The minimum APR is 5.00%. Rates are for owner-occupied properties only. Maximum loan-to-value (LTV) is 80%. Borrower-paid appraisal required for loans equal to or greater than $250,000 or for loans less than $250,000 where the bank is unable to determine a value using the standard method. Appraisal costs are $395 for a single family property or $625 for a 2-4 family property. Other closing costs may vary based on the line of credit amount requested. Property insurance is required. Offer may be rescinded at any time.