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Home Equity Loan

If your home is worth more than you owe on it, a home equity loan at The Dime Bank can provide funds for anything you want, not just projects to fix up your home. Also called a second mortgage, this loan is a smart way to leave your savings funds in tact. We offer low rates and easy ways to make payments. Talk to one of our experienced mortgage lenders about how you can get started.

Summary
  • Use home equity loans for financing various projects
  • Leave savings and emergency funds intact
  • Competitive low rates
  • Flexible terms for affordable payments
  • Potential tax advantages*
  • No prepayment penalty
  • Receive funds in one lump sum
  • Local service and decision-making
  • Experienced lenders familiar with the local market
  • Dedicated personal service
  • Loans subject to credit approval

Visit our online Mortgage Web Center!

Home Equity Line of Credit (HELOC)

Relax with ready financing for whatever hit comes your way. A line of credit draws from your home equity and provides flexibility. Use what you need, as you need it, and pay interest only on what you use.

Summary: 

  • Use home equity for ready financing
  • Leave savings and emergency funds intact
  • Competitive low rates
  • Use what you need, as you need it
  • Convenient ways to draw funds
  • Pay interest only on what you use
  • Potential tax advantages*
  • Local service and decision-making
  • Experienced lenders
  • Dedicated personal service
  • Loans subject to credit approval

*Consult a tax advisor.

Home Equity Promotion Spring 2017

Unlock your home's potential with a fixed rate home equity loan.

  • 2.99% APR*
  • No application fee
  • No flood search fee
  • No property search fee
  • No points or origination fee

Meet with one of our helpful Dime Bank loan officers today to structure a loan tailored to your specific needs. You may also apply online.

Member FDIC. Equal Housing Lender. NMLS #431592.

*APR=Annual Percentage Rate, effective as of 04/11/17. $10,000 minimum in new money required, defined as money not currently borrowed from The Dime Bank. Stated APR applies to terms from 12 months to 72 months and loan amounts of $10,000 to $150,000. The monthly payment per $1,000 borrowed at 2.99% APR for a 72 month term is $15.19. Other rates and terms available. An automatic payment from an account at The Dime Bank must remain for life of the loan to obtain stated rate.  Add 0.50% to the APR for a loan without automatic payment. Financing subject to credit approval. Offer is valid as of 04/11/17 and may change or discontinue at any time. Evidence of homeowners insurance and flood insurance, if applicable, is required prior to loan closing. Borrower pays all recording fees. Mandatory NYS mortgage tax applies for NY residences to be paid by borrower. Limited time offer. Certain restrictions apply; please inquire for full details about credit costs and terms.