Home Equity Line of Credit - The Adirondack Trust Company
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Home Equity Line of Credit

Enjoy the flexibility of being able to conveniently access funds as needed by simply writing a check. Pay down your line whenever you want, and reuse those funds again and again. This option is a smart and helpful solution for many of our borrowers.

Interest Only

Our easy payment solutions include an “interest-only” option during the draw period of the first 15 years, with the option to pay down your principal at 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 in fully amortized payments.

Variable Rate

We have a variable-rate home-equity 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 $250,000.


  • Competitive variable rate
  • Borrow up to 80 percent of the appraised value of your home, less the balance of any first mortgage
  • Flexible payment options to suit your budget
  • Convenient access to funds with personal checks
  • Monthly statements help you to keep track of all of your activity
  • Pay down your line whenever you want—and reuse those funds again and again


To learn more please call our Residential Lending Department at (518) 584-5844 or .


Mortgage is subject to credit and property approval.

*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 $250,000, and are estimated to range between $565–$3,190. 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. The property must be owner-occupied or a second home. Property insurance required. Offer may be withdrawn at any time without notice.


Click here to see our current home equity rates. >
To learn more, please call our Residential Lending Department at (518) 584-5844 or .


Helpful Calculators

Click here to see our current mortgage rates. Here are some useful calculators:

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