 At Northway Bank, we offer borrowers good, competitive rates, flexible
terms, quick decisions, and fast turnaround time on loan requests. As a
local bank, we can often approve loans on the same business day. What’s
more, you may be able to reduce the rate on your loan by having
payments made automatically from a Northway checking account.
Mortgages
Whether you’re refinancing your home at a lower rate or buying a home
for the first time, Northway Bank has the right program for you. Our
rates are competitive, approval is fast and decisions and service are
local. We offer adjustable rate loans, fixed-rate loans, loans for
special circumstances and access to government programs. Visit our online Mortgage Center, or get personal assistance from a Mortgage Loan Officer.
Construction Loans
Want to turn your dream home into a reality? Northway Bank offers a
special line of loans specially designed to help you finance new home
construction and remodeling projects.
Home Equity Loans & Lines of Credit
Using home equity can be a great way for a homeowner to borrow needed
funds for such things as the cost of an education, a home improvement
project or just about any other major purchase. It can also be a smart
way to consolidate other debts into a single, affordable monthly
payment—one that could offer significant tax advantages, because
interest paid on a home equity loan or credit line is often
tax-deductible (consult your tax advisor to be sure). At Northway you
have the option of applying for a Home Equity Loan or a Home Equity
Line of Credit. Learn which one is right for you here.
Northway Money Line
If you have smaller borrowing requirements, or need to pay for
unpredictable expenses, the Northway Money Line is designed for you.
This flexible, variable-rate personal line of credit features a minimum
borrowing amount much lower than installment loans or credit card
advances. And the Money Line is open-ended, so you can borrow, repay
and borrow again up to your credit limit, for as long as you need.
Home Improvement Loans
If you want to fix things up around the house, our Home Improvement
Loan can be a great choice. For amounts up to $15,000, we offer
“unsecured” Home Improvement Loans. For larger projects, we offer Home
Equity Loans and Lines of Credit.
Automobile, RV, Boat and Motorcycle Loans
If you’re considering the purchase of any kind of vehicle, Northway
Bank would like to help you finance it. We provide financing for both
new and used vehicles, with a variety of terms tailored to fit your
individual budget requirements, depending on the vehicle you are buying
and the amount you need to borrow.
Debt Consolidation Loans
Northway Bank can help you consolidate all of your high-interest,
unsecured debts, such as credit cards, into one, lower-interest secured
loan with one monthly payment.
Unsecured Personal Loans
If you are interested in borrowing money for any important purpose,
such as education, Northway Bank can help. We’ll work with you on an
individual basis to establish borrowing limits and repayment terms.
Secured Loans
A secured loan allows you to use funds you have on deposit at our
bank—either in a passbook account or certificate of deposit (CD)—or
stock holdings as collateral. Collateralized loans generally offer
lower interest rates than unsecured loans.
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