Build the home you need without refinancing the mortgage you trust
believe & achieve
Finance construction or renovations while keeping your existing mortgage intact.
A Home Improvement Second Mortgage allows homeowners to fund construction now and convert to permanent financing later without replacing their first mortgage.
Key Benefits
- Preserve your current mortgage and rate
- Interest-only payments during construction
- Borrow based on completed home value
- Designed for major construction and renovations
Loan Requirements
- Loan amounts from $100,000 to $500,000
- Second mortgage position
- Property must be located in Massachusetts, New Hampshire, or Maine
The Home Improvement Second Mortgage helps finance major home improvement or construction projects without replacing your existing first mortgage. During the construction phase, borrowers make interest-only payments for 12 months. Once the project is complete, the loan converts to permanent financing terms. Funds must be used for approved construction or improvement work performed by a licensed contractor and may not be used for DIY projects. This is not a home equity line of credit (HELOC). All loans are subject to credit approval and collateral evaluation. Terms and conditions apply.
Ready to move forward?
Connect with a Rollstone Bank & Trust loan officer to discuss your project.
Marcio Cirino
Marcio brings excellence in customer service to his role as Vice President / Retail Lending Officer. After earning his Bachelor’s Degree from Fitchburg State University, Marcio came to work at RBT, and has experience in both consumer and mortgage lending. His patience, attentiveness, and great service will help guide our customers through the process from beginning to end.
NMLS #1224234
Phone 978.343.2217
Email [email protected].
