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473 Broadway Saratoga Springs, NY 12866
Phone: 518-584-5844

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Home Equity Credit Line & Loan

  • Convenient

  • Flexible

  • Personal control

  • Saves money

Home Equity

Home Equity Line of Credit


Click here to see our current home equity rates.

A Home Equity Line of Credit can be the perfect solution if you need the flexibility to access funds when you need them.

Easy payment includes an “interest-only” option during the draw period of the first 15 years with the option to pay down your principal anytime. Your payment is based upon the portion of the line you use.

After your 15 year draw period is over, the line converts to a 15 year repayment period which you will pay monthly principal and interest fully amortized payments.

The Adirondack Trust Company has a variable rate home equity line of credit, offering a Line of Credit based on the Wall Street Journal Prime Rate for up to 30 years. There are no closing costs to the borrower on lines between $7,500 and $100,000*.


  • Competitive variable rate
  • Borrow up to 80% of the appraised value of your home less the balance of any first mortgage
  • Flexible payment options to suit your individual budget
  • Convenient access to funds with personal checks
  • Save money with possible tax-deductible interest*
  • Monthly statement to keep track of all of your activity
  • Pay down your line whenever you want—and reuse those funds again and again


Home Equity Fixed Rate Loan

A Home Equity Fixed Rate Loan is ideal if you have a specific and immediate borrowing need in mind. Our fixed rate loan is determined by the equity you have in your home. The loan is distributed in one lump sum and can be repaid over a variety of loan terms.


  • Easy budgeting with fixed monthly payments
  • Convenient and flexible terms to suit your individual budget
  • Save money with possible tax-deductible interest*
  • Peace-of-mind that your interest rate will not increase
  • Simple monthly payments with our automatic payment feature

Click here to see our current home equity rates.

To learn more please call our Home Equity Department at (518) 584-5844 or email us.

* Consult your tax advisor regarding the tax benefits available to you. Approval of a home equity line requires that you meet our credit criteria, income ratios and loan to value guidelines. Minimum approved credit line and loan is $7,500. Closing costs are waived for Home Equity Line of Credit and loans up to $100,000 and are estimated to range between $445 - $1,165. If line of credit or loan is closed within three (3) years, the customer will reimburse the Bank for all third-party fees paid by the Bank, including mortgage-recording tax. Additional terms and conditions may apply. Property must be owner-occupied or a second home. Property insurance required. Offer may be withdrawn at any time without notice.

Mortgage is subject to credit and property approval.