You may already hold the key to a low-rate debt consolidation and home improvement loan.

Right now Androscoggin Bank pays up to $525 in qualified closing fees.

A Home Equity Line of Credit (HELOC) from Androscoggin Bank gives you the flexibility to lock in a fixed-rate. With competitive low rates and quick access online or in a branch, this is the flexible HELOC option built around your needs.

Getting started with a Home Equity Line of Credit is as easy as 1, 2, 3.

Review and apply.

Talk to an Androscoggin Bank lender at a branch near you.The lending support team will review your application and if approved, you’ll know how much you can borrow from the value of the equity in your house. Enjoy a fixed rate of 4.00% for the first 12 months.

After the first 12 months, the rate is Prime plus 0% adjusted monthly. The annual percentage rate (APR) after the first year is a minimum of 4.00%, or the Prime Rate + 0%, whichever is higher.

Choose how much.

After approval, you can choose to draw on only a portion of the loan amount, or the full loan amount right away.

Your home equity line of credit is an instantly accessible pool of money that you can draw on when you need it—for the life of the draw period (up to 10 years).

Choose how long.

With this loan, you can choose to fix the rate on the entire balance or a portion for as long as ten years at any point during the draw period.

* All applications for credit are subject to approval. Rates are subject to change at any time. Rates effective 6/26/17.

Want to learn more? One of our loan specialists is happy to answer your questions and see if this line of credit is a good fit for your situation.

Call us at 1-800-966-9172 for more information.