A Home Equity Line of Credit or Home Equity Loan with South Shore Savings Bank uses the value of your home as collateral. Customers typically use these loans to finance education, home improvements or medical bills.

We offer highly competitive home equity loan rates and are always here to answer your questions. See how much you can save with South Shore Savings Bank.

Effective Date: 1/30/2012

*Annual percentage rates (APRs) shown are subject to change without notice. Your APR will vary based on your final loan amount and actual finance charge. Consult your tax advisor about deductibility. Adequate homeowners insurance coverage is a requirement of this loan. Flood insurance may be required. In some situations, an appraisal may be necessary to determine the value of the property. If an appraisal is required you will be responsible for those charges. The cost of an appraisal can vary from approximately $100 to $450. Primary residences or second homes only. Above rates reflect automatic debit of payment from an SSSB checking account. Rates would increase by .25 without automatic debit of payment. Subject to credit approval.

Effective Date: 1/30/2012

*Rates as of January 30, 2012 and subject to change. APR is fixed for the first 18 months; thereafter variable APR becomes adjustable monthly based to The Wall Street Journal Prime Rate minus .25% with automatic deduction from an SSSB Checking Account. If you close your SSSB Checking Account and do not open another account, we have the right to increase the rate by .25%. If you don't have auto deduction from an SSSB checking account, after 18 months, the rate will adjust to The Wall Street Journal Prime Rate. Rate is subject to change after consummation. Maximum APR 18%. No annual fee. 1 - 4 family owner occupied properties only. Property insurance is required. Flood insurance may be required. Minimum loan amount $10,000. An appraisal fee ranging from $350 - $475 may apply. Consult a tax advisor about the deductibility of interest. This rate is for NEW loans only. Certain restrictions apply. Early termination fee of $475 may apply. Subject to credit approval

Effective Date: 1/30/2012

*Annual Percentage Rates (APRs) shown are subject to change without notice. This is a fixed rate for a Home Equity Loan with a maximum term of 15 years. Minimum loan amount is $100,000. Maximum loan amount is $500,000. This offer is available for owner occupied 1-4 family properties with a loan to value ratio of 80% or less for loans up to $250,000, 75% or less for loans ranging from $250,000 - $350,000 and 70% or less for loans ranging from $350,000 - $500,000. Loan must be used for refinancing property and must be in first lien position. If the loan amount is above $250,000, an appraisal is needed and an appraisal fee of $375 will apply. Property insurance is required. Flood insurance may be required. Payments do not include taxes and insurance, your payment will be greater if the loan is secured by a first lien. Subject to credit approval. Other restrictions may apply.