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Our Full House Line of Credit is very flexible and easy to use.
You borrow money, up to your available credit, by writing a special check. The Full House Line of Credit is perfect for homeowners without a lot of equity in their home who would like to borrow between $10,000 and $25,000. You only pay for the part of your credit line you actually use.

How much equity do you have available? Take a minute to roughly calculate how large a Full House Line you may qualify for:

$ _______ Tax assessed value of your home

$ _______ Less present mortgage balance

$ _______ Equity available*

If your line request is over $25,000, you may be eligible for our regular Home Equity Line of Credit.

Rates & Terms

  • The interest rate varies monthly. For current rates, terms, or promotions, please call our Loan Specialist at 1-800-731-4900.
  • If you choose to have your monthly payments automatically withdrawn from a Cambridgeport Bank checking account, you may be eligible for a reduced interest rate.

What is needed to process your application

Use the following checklist to be sure you obtain all of the following documents for your application

  • Completed Application - Each person whose name is on the title to the property must apply for the loan. Complete all sections and sign the application.
  • Real Estate Tax Bill - A copy of your most recent bill showing the assessed value of your property.
  • Income Verification - A copy of your most recent pay stub or if you are self-employed or have other income, copies of your federal income tax returns for the past two years.
  • Mortgage and Title Information - A copy of your most recent mortgage statement and a copy of your Quitclaim Deed (Or Owner's Duplicate Certificate of Title if your property is registered land).

General Information

  • If you want a loan based on the market value of your home, instead of the tax assesed value, you will need to have an apprasial.

What Happens Next ?

  • Once your loan is approved and all required items are received, you will be contacted to set a mutually convenient closing date. Your Home Equity checkbook or loan proceeds will be mailed three business days after the closing. If you prefer you may request to pick it up at the Bank. If you have any questions, please contact us via E-mail or feel free to call us toll free at (800) 731-4900.
  • We also offer a fixed rate Full House Loan. It's a great alternative if you have a one-time need for money.
    *The amount of your Full House Line of Credit will also depend on your current income, expenses, and past credit history.

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