FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Newburyport Bank
Home/Borrow/Home Equity Flex Line of Credit

Open the door of your home’s equity with a Home Equity Flex Line of Credit

Use a Home Equity Flex Line of Credit to renovate your home, consolidate debt, or cover life’s next milestone. Whatever your goal, we can help you put your home’s equity to work and reach it.

TALK TO A MORTGAGE LENDER
Two women sit at a desk in an office, smiling and looking at a laptop screen while discussing work. Papers and a notebook are on the table, and large green plants are in the background.

Equity that moves with you

Our Home Equity Flex Line of Credit is designed to give you control, flexibility, and peace of mind.

Flexible access to funds

Interest-only payment option

Optional fixed-rate stability

No conversion fees

Local guidance you can trust

Home Equity Flex Line of Credit process

Start the conversation

Connect with one of our lenders to discuss your goals, your home, and how a Home Equity Flex Line of Credit may fit into your plans.

Review options

We’ll walk through available rates, terms, and loan details to find a fit that works for you.

Apply with guidance

Your lender will guide you through the application process, answering questions along the way.

Access your equity

Once approved, your Home Equity Flex Line of Credit is ready when you are, giving you ongoing access to funds as needs arise.

VIEW CURRENT RATES
Three people sit at a table, collaborating and looking at a laptop screen. One person is pointing at the screen while the others listen and watch attentively.

Does a Home Equity Flex Line of Credit make sense for you?

Explore our personal lending options to find the right fit, then speak with a lender who can help guide you through the next steps.

Home Equity Flex Line of Credit
Personal Loan
How it works
Revolving line of credit you draw from as needed
Fixed loan with no collateral
Interest rate
Typically lower, variable
Typically higher
Payment options
Interest-only options during draw period
Fixed monthly payments
Access to funds
Ongoing access during draw period
One-time disbursement
Collateral required
Yes, your home
No
Flexibility
High
Moderate
Rate stability
Variable, with option to lock in fixed rates
Fixed rate

Meet our mortgage lenders

Our mortgage team knows the region because it’s their home. Their insight and community connection enable us to provide thoughtful guidance and financing solutions that help you to move forward with confidence.

A man in a dark suit jacket and white dress shirt poses against a plain, light background, looking directly at the camera.
Kevin Hulse Vice President, Senior Mortgage Loan Officer
NMLS #1607746
Phone Number: 603.842.8454 Phone Number: 978.518.9330
Start your Home Equity Flex Application
A woman with shoulder-length blonde hair, wearing a navy blazer over a white patterned shirt, smiles at the camera against a plain, light-colored background.
Kathie George O’Neil Vice President, Senior Mortgage Loan Officer
NMLS #811678
Phone Number: 603.498.9662
Start your Home Equity Flex Application
A man with short brown hair and a trimmed beard, wearing a navy blue suit and white shirt, stands smiling against a plain light gray background.
Joshua Sanchez Vice President, Senior Mortgage Loan Officer
NMLS #2004276
Phone Number: 978.225.8778 Phone Number: 978.476.9663
Start your Home Equity Flex Application

Home Equity Flex Line of Credit FAQs

What is a Home Equity Flex Line of Credit?
A Home Equity Flex Line of Credit lets you borrow against the equity in your home, giving you flexible access to funds as you need them rather than receiving a lump sum all at once.
How does a Home Equity Flex Line of Credit differ from a home equity loan?
A Home Equity Flex Line of Credit works like a revolving line of credit with variable rates, while a home equity loan provides a one-time lump sum with a fixed rate and set repayment schedule.
Can I lock in a fixed rate on my Home Equity Flex Line of Credit?
Yes. With Newburyport Bank’s Home Equity Flex Line of Credit, you can convert part or all of your balance to a fixed-rate loan during the draw period, with no additional fees.
What can I use a Home Equity Flex Line of Credit for?
A Home Equity Flex Line of Credit can be used for home renovations, debt consolidation, major life events, travel, or unexpected costs.
What are the payment options?
During the draw period, you have the option to make interest-only payments. Fixed-rate conversions offer predictable monthly principal and interest payments.
Is my home used as collateral?
Yes. A Home Equity Flex Line of Credit is secured by your home or subject property, which can allow for lower interest rates compared to unsecured loans.
How do I apply for a Home Equity Flex Line of Credit?
Applications are completed with the guidance of one of our local lenders. They’ll walk you through the process, required documentation, and available options.
Are rates subject to change?
Variable Home Equity Flex Line of Credit rates can change based on market conditions. Fixed-rate conversion options provide predictable payments for the selected term.