Tap Into Your Home’s Equity Today
Local decisions. Competitive rates. Fast approvals.
Your Home Equity Advantages
At Cape & Coast Bank, we’ve been providing home equity solutions for generations. Our deep understanding of local properties means we can offer more flexible terms, higher approval rates, and specialized options for all property types.
Cape & Coast Bank Benefits
- Lower interest rates often save thousands over personal loans or credit cards
- Simplified application process with fewer documentation requirements
- Local decision-making from experts who know Cape Cod properties and the needs of our borrowers
- Transparent fee structure with no hidden costs
- Dedicated loan officer from application to closing and beyond
Smart Ways to Use Home Equity
- Transform your property with renovations that improve comfort and value
- Consolidate high-interest debt into one lower monthly payment
- Fund education expenses without depleting retirement savings
- Cover medical expenses with lower rates than credit cards
Find Your Perfect Home Equity Solution
Cape & Coast Bank offers two powerful ways to access your home’s equity, each with unique advantages. Compare our options to determine which solution aligns best with your financial needs and goals.
Home Equity Loan (Fixed-Rate)
A one-time lump sum with predictable payments perfect for major expenses when you need stable, budget-friendly financing.
- Fixed interest rate
- Predictable monthly payments
- Single lump sum funding
- Terms of 10, 15, and 20 years
- No annual fees
- Interest may be tax-deductible*
- Borrow up to 80% of home’s value
- Fast local approval process
Home Equity Line of Credit (HELOC)
Flexible access to funds when you need them with the freedom to borrow, repay, and borrow again during your 10-year draw period. Pick the rate that fits you—fixed or variable—and pay interest only on what you borrow.
- Variable interest rate
- Interest-only payment option
- Access funds as needed
- 10-year flexible draw period
- 20-year repayment period
- Mobile & online access
- Borrow up to 80% of home’s value
- Optional rate lock feature
Home Equity Loan FAQs
Get answers to frequently asked questions about Cape & Coast Bank’s home equity solutions designed for today’s homeowners.
What makes Cape & Coast Bank home equity loans different?
We make all lending decisions locally. This means faster approvals, more flexible terms, and personalized service from people who understand your community’s unique property market.
How much equity can I access in my property?
Most customers can borrow up to 80% of their home’s value minus any existing mortgage balance. For example, if your home is worth $500,000 and you owe $200,000, you might qualify for up to $200,000.
What’s the difference between a HELOC and home equity loan?
A home equity loan provides a one-time lump sum with fixed payments, while a HELOC offers revolving credit with flexible access during a 10-year draw period. We’ll help determine which suits your needs.
How quickly can I get approved for a home equity loan?
As a local lender, we typically provide initial decisions within 5 business days. Most applications close within 3-4 weeks of approval, with expedited options available for urgent needs.
Are there closing costs on Cape & Coast Bank home equity loans?
We offer competitive closing costs with frequent promotions that reduce or eliminate many fees. Your loan officer will provide a detailed breakdown of any applicable costs during your application.
Local Expertise, Personalized Service
Our team lives and works in our community. We know the local market, understand property values, and we’re committed to providing personalized solutions that work for your unique situation.
Ready to Access Your Home’s Equity?
Our home equity experts are ready to help you tap into your property’s value with competitive rates and local service. Apply online in minutes, visit any branch, or schedule a personalized consultation today.
Cape Cod’s Premier Home Equity Lender
Since 1921, we’ve helped homeowners unlock their property’s potential. Now as Cape & Coast Bank, we continue our century-long commitment to providing flexible home equity solutions with the responsive, personalized service that only a true local bank can deliver—because we live and work here too.
Solutions Tailored to Your Home
Whether you own a year-round residence, a seasonal cottage, or vacation property, Cape & Coast Bank offers home equity solutions designed for your unique housing needs. Our local experts understand property values, seasonal considerations, and coastal living.
What Cape Cod Homeowners Say
Fred
Serving Cape Cod Communities Since 1921
From Falmouth to Provincetown, Cape & Coast Bank has been helping local homeowners make the most of their property investments for over a century. While our name has evolved from The Cooperative Bank of Cape Cod, our commitment to the Cape Cod community remains stronger than ever.