Do more with the equity in your home.
Our 10 year fixed rate home equity loan is a smart and affordable way to use your home’s equity to pay for the important things in your life. Take advantage of this special low rate and waived application fees* for those home improvements, education, major home purchases, debt consolidation and much more!
- It's simple and easy to apply. Stop by any of our convenient locations or start today with our online application.
- Switch your current loans or lines to a better option. Make sure you're getting the best borrowing solution. Ask how you can move your existing debt to something better.
- Feel secure about a fixed rate and budget friendly payments. Know you're locked in for 10 years.
Application must be made April 13, 2018 through June 27, 2018 but is subject to change without notice. Standard underwriting criteria apply. Property must be located in the NWSB Bank service area. The Annual Percentage Rate (APR) is effective as of May 15, 2018, but may be modified or discontinued without notice. The minimum loan amount is $3,500. The interest rate for your loan is based upon your creditworthiness. With an APR of 4.49%, the monthly loan payment is $36.26 for $3,500 borrowed for a term of 120 months. The loan amount is up to 90% loan-to-value. Property insurance is required. Payment must be automatically deducted from an NWSB Bank checking or statement savings account. *All fees waived except for Appraisal, Title Insurance or Maryland Recordation tax if needed. If we are unable to determine the property value with an Automated Valuation Model (AVM) and Property Condition Report (PCR), the Bank may be required to order an appraisal. Subject to appraisal requirements. The cost of the appraisal will be the applicant’s responsibility. If the line request is over $250,000, title Insurance may be required and if so, the fee will be the applicant’s responsibility. In addition to the information above, for properties located in the state of Maryland, mortgage recordation taxes will be paid by the borrower. Other rates and terms are available.