Security Center Alerts
Home Equity Line of Credit
Borrow up to 70% of the value of your home
A Salem Five Home Equity Line of Credit (HELOC) allows you to borrow up to 70% of the value of your home, while you only pay interest on the amount you borrow. Access your funds by writing checks or by transferring to your other accounts via Online Banking. Work with one of our local Home Equity Loan Specialists, who can help you:
- Determine whether a HELOC is right for you, and how it might help you
- Find out how much equity you have in your home
- Understand the different products, rates, and term options
Helpful HELOC Calculator
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The Equity in Your Home
Determine your estimated monthly payments based on your available credit, interest rate, and repayment term. This tool helps you understand the financial commitment involved in accessing your home equity.
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Calculate a Home Equity Loan Payment
Estimate your monthly payments for a home equity loan based on the amount you wish to borrow, interest rate, and loan term. This tool helps you plan your budget and understand the financial commitment involved.
Fintactix Logo External Link DisclaimerBy clicking the fintactix logo, you will be leaving salemfive.com and be taken to another website where the privacy and security policies may differ from our site.Salem Five Bank provides third party links for your convenience. Salem Five Bank is not responsible for the products, services, content, privacy policy, and security policy on third party websites.Apply for a Star Home Equity Line of Credit -
Use Home Equity for a Major Purchase
If you have a significant purchase this calculator helps you determine how using your home equity can finance major expenses from home renovations to educational costs.
Fintactix Logo External Link DisclaimerBy clicking the fintactix logo, you will be leaving salemfive.com and be taken to another website where the privacy and security policies may differ from our site.Salem Five Bank provides third party links for your convenience. Salem Five Bank is not responsible for the products, services, content, privacy policy, and security policy on third party websites.Get started with a Salem Five Loan Officer -
Consolidating Debt with Home Equity
Simplify your finances by consolidating high-interest debts into a single, manageable payment using your home equity. This tool shows you how a HELOC can streamline your debt repayment.
Fintactix Logo External Link DisclaimerBy clicking the fintactix logo, you will be leaving salemfive.com and be taken to another website where the privacy and security policies may differ from our site.Salem Five Bank provides third party links for your convenience. Salem Five Bank is not responsible for the products, services, content, privacy policy, and security policy on third party websites.Apply for a Star Home Equity Line of Credit
Do You Need a Mortgage?
Our expert Loan Officers and state-of-the-art-technology make the mortgage process fast and easy. Let us put our experience to work for you.
HELOC products are offered through Salem Five Bank | Thomas Toland, NMLS Unique ID #415026
Salem Five Cents Savings Bank NMLS ID #407901
Information relative to mortgage loan originators can be found on the NMLS Consumer Access Website at: www.nmlsconsumeraccess.org/