Home Equity Line of Credit

Bridgewater Bank offers lines of credit allowing you to use the equity you have established in your home to increase your buying power.  A home equity loan can be used for any purpose and is not simply limited to home improvements.  Education expenses, a recreational expense or to fund a small project, a home equity loan is a flexible way to finance those one time expenses.

Home Equity Line of Credit FAQs

What is a Home Equity Line of Credit?

A Home Equity Line of Credit allows you to use the equity you have established in your home to increase your buying power. 

Do I have to fund a home improvement project? 

A Home Equity Line can be used for any purpose and is not simply limited to home improvements.  Education expenses,  the purchase of a  recreational vehicle or to provide funding for a small project, a Home Equity Line of Credit is a flexible way to finance those one time expenses. 

Do I have to use the money all at once?

No, the Home Equity Line provides funding when you need it on your schedule.  You will only pay the interest on the funds you use, not the entire value of the loan.

What is the current rate for a Home Equity Line of Credit?

It is best to call one of our knowledgeable lenders to discuss your options.