Unlock the possibilities
HomeEquity

Planning a few home improvement projects?

Wouldn't it be nice to write yourself a loan, anytime, anywhere? With a Home Equity Blend, you will be able to do just that! A revolving line of credit allows you to borrow as you need it and the interest may even be tax deductible, (consult a tax advisor regarding your deductibility status). 

● Fixed relationship rate of 2.75% APR* for the first 5 years
● Access up to 90% of your home's value
● Easy application process
● No annual fee
● Local loan servicing: our loans are never sold to a secondary market

We have the perfect home equity solution to fit your needs.

You can use a portion of the equity in your home for improvements, debt consolidation, major purchases, vacations or whatever need you have. It’s all up to you!

Connect with one of our local Home Equity experts!...and find out if you qualify for a Home Equity Blend at Your Home Bank.

*Annual Percentage Rate (APR) is subject to change without notice and is accurate as of February 17, 2021. Home Equity Blend rates are fixed for the first 60 months and then converts to a variable rate that can change monthly. The variable rate is tied to the Prime Rate published in The Wall Street Journal, plus a margin of 0% to the value of the Index. The maximum annual percentage rate that may be imposed is 18%, the minimum will never be less than 2.0% per annum. First mortgage with Aroostook Savings and Loan is required to obtain the APR Relationship Rate. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range from $300 to $1,000. Maximum loan to value is 90 percent of appraised value, including any other existing liens. Ten-year advance period followed by a 10-year principal and interest repayment. Minimum credit advance is $500. Available for owner-occupied 1 to 4 family residential properties financed with Aroostook Savings and Loan. A property insurance policy is required and must be approved by the Bank prior to closing. All loans are subject to credit approval by Aroostook Saving and Loan.