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Home Equity options

Home Equity

Whether your goal is a dream kitchen, a home addition or financing other purchases and expenses, Saratoga National Bank can help! We offer a variety of convenient and budget-friendly Home Equity options to make your life easier.

 

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Benefits

With a Home Equity Plus Loan*, you can borrow up to 100% of your home’s value! Fixed monthly payments make budgeting simple. You can leverage the value of your home for a variety of uses – fund your child’s education, consolidate debt or renovate your home.

Features

  • Leverage 100% of your home’s value
  • Fixed monthly payments
  • Convenient and flexible terms

Benefits

A Home Improvement Loan** allows you to leverage up to 133% of your home’s value to make home improvements. Fixed monthly payments make budgeting simple.

Features

  • Convenient and flexible terms
  • With up to 133% of your home’s value, you can invest more in improvements

Benefits

Borrow up to 100% of your home’s value while enjoying the flexibility of our Home Equity Plus Line of Credit.

Rate

6.49% APR fixed 36-month introductory rate; automatically goes to 7.50% APR variable rate (Prime plus 2% APR) after 36 months.

Features

  • No closing costs or annual fee
  • Borrow up to 100% of your home’s value
  • Minimum amount only $10,000

Benefits

Our Home Equity Combo gives you the flexibility to choose what works for you!

Start with a line of credit: Similar to a credit card, a line allows you to access funds in small increments over a period of time and make payments only on the amount you have used so far.

Convert to a loan: With our unique product, you have the option to lock in a fixed-rate loan at any time.

Rate

Line of credit: 3.25% APR fixed 12-month introductory rate; automatically goes to 5.25% APR variable rate (Prime minus .25% APR) after 12 months.

Loan: Rates as low as 3.99% APR.

Features

  • No closing costs or annual fee
  • Borrow up to 80% of your home’s value
  • Flexible payment options
  • Minimum amount only $10,000

Benefits

Our Home Equity Loan is perfect for those looking to borrow a fixed amount of money and pay it back with monthly payments. Low fixed-rate options protect you against rising interest rates.

Rate

Fixed rates as low as 3.99% APR; Keep that rate for the life of your loan.

Features

  • No closing costs or annual fee
  • Borrow up to 80% of your home’s value
  • Choose from 5, 10 and 20 year terms
  • Minimum amount only $10,000

 

For more information on our Home Equity options, contact any of our locations or call (518) 583-3114.