Home Equity Loans and Lines of Credit

We Heard You

Home Equity Loans and Lines of Credit

By listening to our customers’ needs we’ve been able to create new options that address real life issues. At Piscataqua, we offer an all-purpose solution with the only loan you’ll ever need. We call it HELP, or Home Equity Line Plus.

Come see us to find out how to utilize the investment within your current home and obtain a Home Equity Line of Credit (HELOC) including a unique feature that allows you to “fix” the rate and payments on portions of your line. HELP will let you choose the terms that work best for you and can be established for an extended period of up to 15 years. That means you’ll always have the money you need—when you need it.

HELP is a creative solution to meeting our customer’s needs but if a traditional Home Equity loan is what you want, we’re here to accommodate. Ask about obtaining a line at the same time as applying for a first mortgage.

Piscataqua Savings offers 3 convenient ways to utilize the equity in your home.

Option #1: Home Equity Loan:

A fixed loan amount and rate with regular payments.

Option #2: Home Equity Line:

A revolving line of credit, interest only, with payments made based upon what you use.

Option #3: HELP:

Home Equity Line Plus (HELP) offers you the option of fixing the interest rate and monthly payment on a portion of your home equity line. The balance of your line remains available for future needs. It’s the best of both worlds!

Let’s say you open a $50,000 Home Equity Line Plus (HELP) and purchase a car for $20,000 by writing a check from the line of credit to the car dealer. The portion used to purchase the car can be set up as a fixed rate loan with principal and interest payments while the remaining $30,000 line of credit will remain available to use as needed.

GreenLine Feature

If you use a portion of your HELP for energy-efficient home improvements, or a purchase of a hybrid or electric car, you may qualify for a reduced rate on that portion of the loan. View details below*.

Call us today at 603.436.5250 to find out more!

*The GreenLine Energy Efficiency Discount is subject to change at any time. Discount is 0.25% off the current “Plus Feature” rates for the draw period. Applicants must use a draw on the Home Equity Line Plus (HELP) to finance an eligible improvement in order to qualify for the discount. Applicants must provide a receipt for the purchase of an eligible energy efficiency product dated no later than 60 days prior to the request for the discounted rate or, if work has not been completed,–a written estimate satisfactory to Piscataqua Savings Bank from a licensed contractor for the purchase and installation of an eligible energy efficiency product. The written estimate must be dated no earlier than 60 days prior to account opening and not expire until at least 5 days after account opening. Piscataqua Savings Bank reserves the right to verify the written estimate, the validity of the renewable energy improvement, and may request written certification of the applicant’s intentions.

Eligible Energy Efficiency Products: Solar energy panels, solar water heaters, fuel cells using renewable fuels, wind (small) turbines, geothermal heat pumps, solar photovoltaics, new HVAC systems, tankless water heaters, energy efficient insulation (including home siding), roofs (metal & asphalt), windows, doors, skylights, and electric or hybrid vehicles. Contact us to learn more. Eligible energy efficiency product list is current as of February 12, 2021 and is subject to change at any time.