Home Equity Line of Credit

Make your home investment work for you. With a home equity line of credit  from CommonWealth, you can borrow any amount, at any time, for any purpose, up to the maximum of your credit line. It's the easy and affordable way to repair or remodel your home, help pay for college expenses or a wedding, purchase a big-ticket item, or consolidate debts and lower your monthly payments.

How It Works

• Borrow up to 80 percent of the equity in your property.
• Get easy access to funds with free, unlimited convenience checks and handy online banking.
• Pay only interest during the first five years-or pay down the principal to free up available funds, take up to 10 more years to pay off the principal.
• The Prime Equity  account has an initial discounted rate for the first 6 months and a 10 year draw period. 
• The Custom Equity account has a low introductory fixed rate for the first 3 years with a 5 year draw and a 10 year payback period. 
• The Advantage Equity account has a 10 year draw and a 15 year payback period. 

 

Which Account is Right For You?

CLICK HERE for a side-by-side comparison of accounts. 

 

Ready to Apply?