Refinance your Home Equity Loan or HELOC today
Refinance to a lower rate or change your term on your Home Equity Loan, or increase the equity you’re borrowing against by refinancing your HELOC. Our local experts are here to ensure you make the right financial decisions for your home and family.
Refinance Your HELOC Today Refinance Your Home Equity Loan TodayWhy refinance with Webster First?
We understand your home is one of your biggest investments. That’s why we offer refinancing solutions designed to save you money and provide financial peace of mind.
- Increase the amount of equity you are borrowing.
- Lower monthly payments or shorten the loan term to save money over time.
- Fixed monthly payments with no surprises.
- Increase the amount of equity you’re borrowing.
- Flexible credit options to access funds as you need them.
- Financing up to 100% of your home’s value.
- Competitive rates that save you more compared to personal loans or credit cards.
What to Expect After You Apply
Expert guidance
Your Mortgage Loan Officer will help you gather the necessary documentation, take care of disclosures, and outline next steps.
Underwriter review
Our team looks at your credit and financial information closely to decide if you qualify.
Processing and appraisal
Once you're conditionally approved, we'll take care of the appraisal and finish collecting and ordering any remaining documents for your file.
Close with confidence
Our in-house team, WebFirst Mortgage LLC, will lead you through the final steps. Congratulations, you're officially a homeowner!
Current Rates
| Type | Rate | APR1,5 | EMP3 (per $1,000) |
|---|---|---|---|
| Home Equity Loans | |||
| 0-5 Years | 6.500% | 6.613% | $19.57 |
| 6-10 Years | 6.875% | 6.940% | $11.55 |
| 11-15 Years | 7.125% | 7.197% | $9.06 |
| Max Equity Loans | |||
| 5 Year | 7.875% | 8.014% | $20.22 |
| 10 Year | 8.125% | 8.203% | $12.20 |
| 15 Year | 8.500% | 8.560% | $9.85 |
| Home Equity Line of Credit13 | |||
| New Equity Member14 | 7.000% | ||
| Refinanced | 7.500% | ||
| Max Equity Line of Credit15 | 8.750% |
5:All home equity lines of credit APRs are based on the Prime Lending Rate published in the Wall Street Journal, currently at 7.500% as of 12/19/2024. Rates apply to 1-4 unit owner occupied primary residences. Rates subject to change without prior notice. Underwriting guidelines available upon request. Early termination fee applies.
3:EMP = Estimated Monthly Payment.
13:Home equity lines of credit are fixed for the first 24 months and then Prime Rate for life. Minimum APR is 7.500% and the maximum APR is 15.000%. Home equity lines of credit have a 40-year term; 20-year draw period with a minimum monthly payment of the greater of $50.00 or 0.250% of the ending balance plus the amount of finance charge accrued on outstanding advances each month followed by 20-year repayment period with principal and interest payments.
14:New Equity Promotion. Prime Rate minus 0.50% for 24 months then Prime Rate.
15:Max equity line of credit is fixed for the first 24 months and then prime plus 1.250%. Minimum APR is 8.750% and the maximum APR is 15.000%.
Apply for a Home Equity Refinance Today
Don’t wait to take control of your finances. Refinance your home equity loan or HELOC with Webster First and enjoy lower rates, flexible terms, and peace of mind. Your trusted credit union in Central Massachusetts since 1928.
Award-winning service
2025: Newsweek Best Regional Banks and Credit Unions
2024 Winner: Best of Central Mass
2024: Newsweek Best Regional Banks and Credit Unions
2023 Winner: Best of Central Mass
2023 Top Lender: Banker & Tradesman
Rated 5 Stars by Bauer
2022 Top Lender: Banker & Tradesman