A home equity line of credit can turn your home into a world of possibilities.  

With a little help from Liberty Bank, you can unleash your home’s purchasing power to afford the things you want most.  Like a new car. Tuition.  A big vacation. Or naturally, that dream kitchen. With a Liberty Bank low-rate home equity line of credit, you gain the confidence of knowing you can borrow what you need, when you need it. And if you’re comparing rates, you’ll see that our SoLo rate is one of the best around. Apply online today, or call to speak with a Liberty Bank representative—(888) 570-0773.


Apply for a home equity line of credit

How Does a Home Equity Line of Credit Work?

Liberty Bank’s flexible home equity credit lines let you borrow money against the equity you’ve built in your home. Funds are available whenever you need them and you don’t owe anything until you access your line of credit. When you need your cash, simply write a check for any amount from $100 up to your credit limit. It’s that easy.


Liberty’s Lines of Credit Give You Freedom

Our home equity line of credit options are flexible, easy-to-apply-for and easy-to-use with extras that include:

  • No application fees or closing costs
  • Low, minimum line amount of $10,000
  • Local decision making and fast turnaround
  • No required draw down at closing
  • Borrow only what you need, when you need it
  • Write checks for any amount from $100 up to your credit limit
  • Funds are available whenever you need them, for the term of your advance period

Apply for a home equity line of credit or speak to a Liberty Bank representative. Call us today at (888) 570-0773.




Frequently Asked Questions

How do you create equity from your home?

Home equity is created when the value of your home increases and/or when you reduce the amount you owe on your home through loan payments.

What can a home equity line of credit be used for?

Anything you want! You can consolidate debit, pay for tuition or medical expenses, a new car, home improvements or any big-ticket purchase. It’s your call. 

Why should I consider a line of credit over a credit card?

A home equity line of credit may carry a lower interest rate than a credit card, and it may provide you with more money to do the things you want. Also, as an added bonus, the interest paid on some home equity lines of credit can be tax deductible.  Check with your tax advisor to find out.

If I apply for a home equity, where will the closing take place?

At a Liberty Bank branch location. During the application process, we’ll ask you which Liberty Bank Branch you would like to close in. A helpful Liberty Bank advisor will guide you through all the closing documents and answer any questions you have.


Home Equity Line of Credit Rates

Liberty Bank will help you find the home equity line of credit that fits you best. Whatever your budgetary requirements, there’s a rate with your number on it.

Apply Online
TypeMin/Max Line AmountLTVCurrent RateAPR
Home Equity Line1$10,000 - $24,999
Annual Fee: $50
≤80% LTV Prime Plus 1.25% 5.75%
Home Equity Line2$25,000 - $500,000
Annual Fee: $50
≤80% LTV Prime Minus 0.50% 4%
SoLo Home Equity Line3$50,000 - $500,000
Annual Fee: $50
≤80% LTV 2.74% fixed for the first 12 months then Prime Minus 0.50% 2.74%
Looking for rates for other Liberty Bank accounts? View all of our rates.

Disclosures

As of 12/14/2017 Prime Rate is 4.50%

  1. Annual Percentage Rate (APR) is a variable rate and will be based on the “Wall Street Journal’s” Prime plus 125 basis points. As of 12/14/2017, Prime Rate is 4.50% and the APR is 5.75%. Maximum APR that will apply during the life of this line is 18.00%; Minimum APR is 3.00%. The minimum line amount is $10,000, maximum is $24,999. Annual fee of $50.00 due each year of the Draw Period beginning with the 12th billing cycle.  The maximum combined (existing mortgage loan balances plus Home Equity Credit Line limit) loan-to-value ratio (“LTV”) is 80% of market value if total liens do not exceed $1,000,000 and the property is mortgage free or has a first mortgage held by Liberty. Contact your local Liberty Bank branch office for additional LTV limits that are applicable if total liens exceed $1,000,000, if Liberty Bank is in second lien position, or if the property is a second home. Offer for 1-4 family, owner-occupied Connecticut residences that are not currently listed for sale and have not been listed in the previous 90 days. A one-time $500 early termination fee may be assessed if you close your account within the first two years. Consult your tax advisor regarding deductibility. Homeowners insurance required. Flood insurance may be required. Trust fees may apply. Offer subject to change without notice. All loans are subject to credit and underwriting approval.
  2. Annual Percentage Rate (APR) is a variable rate and will be based on the “Wall Street Journal’s” Prime Rate minus 50 basis points. As of 12/14/2017, Prime Rate is 4.50% and the APR is 4.00%. Maximum APR that will apply during the life of this line is 18.00%; Minimum APR is 3.00%. The minimum line amount is $25,000, maximum is $500,000. Annual fee of $50.00 due each year of the Draw Period beginning with the 12th billing cycle. The APR listed above includes an Autopay feature which represents a .25% interest rate discount for automatic deduction from a Liberty Bank account. The maximum combined (existing mortgage loan balances plus Home Equity Credit Line limit) loan-to-value ratio (“LTV”) is 80% of market value if total liens do not exceed $1,000,000 and the property is mortgage free or has a first mortgage held by Liberty. Contact your local Liberty Bank branch office for additional LTV limits that are applicable if total liens exceed $1,000,000, if Liberty Bank is in second lien position, or if the property is a second home. Offer for 1-4 family, owner-occupied Connecticut residences that are not currently listed for sale and have not been listed in the previous 90 days. A one-time $500 early termination fee may be assessed if you close your account within the first two years. Consult your tax advisor regarding deductibility. Homeowners insurance required. Flood insurance may be required. Trust fees may apply. Offer subject to change without notice. All loans are subject to credit and underwriting approval.
  3. Not available to existing Liberty Bank Home Equity Line customers, unless the current Liberty home equity is within 24 months of the end of the draw period. Promotional Annual Percentage Rate (APR) of 2.74% is fixed for the first 12 full billing cycles. After fixed rate promotional period, the APR is a variable rate based on the Wall Street Journal’s Prime Rate minus .50%. As of 12/14/2017, Prime Rate is 4.50% with an APR of 4.00%. The minimum APR for the life of this line, after the first 12 full billing cycles is 3.00%; maximum is 18%. The APR includes a .25% Autopay interest rate discount requiring automatic deduction from a Liberty Bank account. Minimum line is $50,000; the maximum is $500,000. Annual fee of $50 due each year of the draw period beginning with the 12th billing cycle. The maximum combined (existing mortgage loan balances plus Home Equity Credit Line limit) loan-to-value ratio (“LTV”) is 80% of market value if total liens do not exceed $1,000,000 and the property is mortgage free or has a first mortgage held by Liberty. Contact your local Liberty Bank branch office for additional LTV limits that are applicable if total liens exceed $1,000,000, if Liberty Bank is in second lien position, or if the property is a second home. Offer for 1-4 family, owner-occupied Connecticut residences that are not currently listed for sale and have not been listed in the previous 90 days. A one-time $500 early termination fee will be assessed if you close your account within the first two years. Consult your tax advisor regarding deductibility. Homeowners insurance required. Flood insurance may be required. Trust fees may apply. Offer subject to change without notice. All loans are subject to credit and underwriting approval.

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