Home Equity
Your home is one of your biggest assets. And with each mortgage payment you make, you’re building more equity. Your home equity is simply the difference between the amount you owe on your mortgage and the value of your home.
It’s an important achievement, and your equity is a powerful tool. Peoples Bank offers a variety of ways to access your home’s equity, based on your unique needs. Funds can be used to renovate or repair your home, consolidate higher-interest debt, or cover any other expenses that life brings.

Home equity line of credit
Sometimes moving your finances in the right direction means being able to borrow what you need, when you need it. With a Home Equity Line of Credit (HELOC) from Peoples Bank, you can keep your monthly payments low and borrow the funds you need to help you take on anything that lies ahead.
Features
- Borrow up to 89% of your home's current value, less the amount still owed on your existing mortgage loan
- Enjoy a competitive interest rate charged only on the outstanding balance
- Pay no closing costs
- Conveniently access your line of credit via written checks or the Equity Express VISA® card
Any Loan fee(s) that is a percentage of the credit limit under the plan and any other fees imposed for opening the plan, stated as a single dollar amount or a reasonable range. Any periodic rate used to compute the finance charge, expressed as an annual percentage rate. The maximum annual percentage rate that may be imposed in a variable rate plan and that rates may vary. Property and Hazard insurance is required.
This is a variable-rate loan. APR = Annual Percentage Rate. APR is based on Prime Rate as published in the Wall Street Journal plus a margin of 0.50%. Prime rate as of 09/25/24 is 8.00% resulting in an APR of 8.00%. The maximum APR is 20.25%. The APR is fixed at the start rate for the first five years, and then will adjust/vary based on Wall Street Journal Prime Rate plus a margin of 0.50%. An annual fee of $50.00 applies. Subject to credit approval. Property and hazard insurance is required."

FIXED-RATE, FIXED-TERM HOME EQUITY LOAN
When you’re borrowing for a project or an anticipated fixed expense, you might feel peace of mind knowing your monthly payments will be predictable. Renovate, upgrade, pay off debts, and more: a Home Equity Loan from Peoples Bank provides the funds you need, with a fixed interest rate and fixed payments for the life of the loan.
Features
- A fixed rate and a fixed term for the life of the loan
- Predictable monthly payments

bridge loan
The home buying and selling process takes time, and it’s good to know you can take action and make an offer when you find the home you want. With a Bridge Loan, you can borrow the funds you need to purchase your new home while you work to sell your current home. Peoples Bank will help you through the transition period between closings, ensure payments are made, and keep you moving in the right direction.
home calculators

Savings

SOLUTIONS FOR GROWING FAMILIES
