Home Equity Loan Massachusetts

Do you need to finance big expenses or home improvement improvements? Get the help you need with a home equity loan in Massachusetts with GFA.

Home equity refers to the current market value of a homeowner's property minus any outstanding mortgage or loan balances. Equity increases with each payment and as the property value appreciates. Homeowners can use the equity in their homes to fund renovation projects, consolidate debt, and more!

Did you know that it’s possible to use the equity in your home to finance renovation projects, home improvements, consolidate debt, and pay off student loans? It’s a financially responsible approach to funding or managing important enterprises. At GFA, borrowers have two options to choose from:

1. Home equity loan will provide you with a lump sum based on the house’s current value and remaining mortgage payments.
2. Home equity line of credit is when the lender calculates the home’s equity, and you can draw money from the line of credit as needed.

A home equity loan in Massachusetts or an equity line of credit are incredible ways to finance all kinds of significant expenses. Whether you have student loan debt or need to replace a large household appliance, GFA is ready to help you bank better. Our team will assist you with taking this next big step in your life.