Essex Savings Bank Mortgage & Loans

MORTGAGES & LOANS

Mortgage Loans

Construction Loans

Home Equity Loans

Equity/Advantage
Line Of Credit

Personal Loans

Car Loans

Collateral Loans

MORTGAGES

Essex Savings Bank offers a wide variety of mortgage loans to meet your individual needs. Whether to purchase your first home, purchase a new home or for obtaining funds for remodeling, we have a mortgage program that is just right for you. A fixed interest rate mortgage assures you of a constant monthly payment for interest and principal for the full term of the loan. A variable interest rate mortgage has a lower interest rate but the rate may change annually during the life of the loan. This lower rate may help you better qualify for the mortgage you have in mind. Other programs include a combination of fixed interest rate for a period of time and a variable interest rate for the remainder of the term.

CONSTRUCTION / PERMANENT MORTGAGE LOANS

If your plan is to construct a new home, Construction / Permanent Mortgage financing is right for you. One closing with interest only payments.

HOME EQUITY LOANS

A Home Equity Loan can be a fixed interest rate or a variable interest rate mortgage loan that uses the equity in your property to obtain funds for any purpose at attractive interest rates. Additional savings may be available when you consider possible tax advantages.

EQUITY ADVANTAGE LINES OF CREDIT

A revolving line of credit based on the equity in your home that allows you to borrow funds as you need them by simply writing a check up to your credit limit. For five years you repay adjustable rate interest only monthly and you have the option of making additional payments toward your principal balance. As your balance is reduced, funds again become available. Attractive interest rates are available and additional savings may be possible when you consider possible tax advantages. Any balance remaining after the first five years will be amortized over the next 15 years with regular interest and principal payments.

PERSONAL LOANS

Personal unsecured loans for any worthwhile purpose are available for up to $5,000 with repayments scheduled within 36 months.

CAR LOANS

Loans for the purchase of a new or used automobile at competitive fixed rates with terms up to 60 months. Compare before you buy.

COLLATERAL LOANS

Low interest rate loans are available secured by your Passbook Savings Account, your Certificate of Deposit or Stocks that you currently own.

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Call us or visit one of our branches for details on all of our Loan Products.

Essex Savings Bank offers a wide variety of personal account products. Visit one of our conveniently located offices and we're sure you'll find an account that's just for you.

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