What’s the difference?
Home Equity Loan
A Home Equity Loan (HELOAN) is a one-time lump sum loan for a renovation project with fixed costs.
Home Equity Line of Credit
A Home Equity Line of Credit (HELOC) is a check-driven, open-ended line of credit that allows you to draw only the amount you need, whenever you need it.
Why choose Maine Community Bank for your home lending needs? Because with us, local really does mean local. All decisions are made by banking specialists right here in Maine.
Contact us today to learn which is best for you!TALK TO A LENDER