Ready to renovate?

WE CAN HELP! If you're ready to renovate your home this summer, we're here to help with a Home Equity Loan or Line of Credit.

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What’s the difference?

Home Equity Loan

A Home Equity Loan (HELOAN) is a one-time lump sum loan for a renovation project with fixed costs.

Lump sum loan
Apply for the amount needed
Fixed interest rate
Structured repayment plan
10- or 15-year repayment periods

Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) is a check-driven, open-ended line of credit that allows you to draw only the amount you need, whenever you need it.

Open-ended line of credit
Ability to write checks
Adjustable interest rate
Interest-only payments for the first 10 years
10-year draw, 15-year repayment period
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Why choose Maine Community Bank for your home lending needs? Because with us, local really does mean local. All decisions are made by banking specialists right here in Maine.

Contact us today to learn which is best for you!

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