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Home Equity Loans

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  Home Equity Options   Fixed Equity Loan Home Equity Line of Credit

Home Equity - Line of Credit with Fixed Rate Option

Our Home Equity Line of Credit features a fixed rate option so you can take advantage of the flexibility of a line while still having the ability to lock in a fixed rate for portions of your principal balance.

Use your line of credit as a revolving source of funds to draw against for your ongoing needs. During your "draw periods," you can borrow funds at a variable interest rate, repay them and borrow again. At the end of the final draw period, your outstanding balance will be converted to a term loan with a fixed interest rate and payment amount.

The Fixed Rate Option available with all home equity lines of credit allows you to convert line advances or outstanding balances to fixed rate home equity loans. Each fixed rate option that you lock in will have a fixed interest rate, term and monthly payment amount.

Call 1-800-NBT-BANK (1-800-628-2265) or find the NBT Bank office closest to you to learn more about our Home Equity Line of Credit.