Personal Banking

Mortgages and Home Loans

Our Advantages

Mortgages

Fixed-Rate Mortgages

A fixed-rate mortgage has an interest rate that remains the same for the life of the loan. In other words, your total monthly payment of principal and interest will remain the same over time.

Adjustable-Rate Mortgages

With an adjustable-rate mortgage (ARM), your interest may change periodically—in three, five, seven, or ten-year intervals—which means your mortgage rate will rise if rates are higher at the adjustment interval built into your loan. ARMs are ideal if you’re planning to live in your existing home for a short time, or if you’re expecting your income to grow in the future.

Community Lending

Buying your first home is now easier than ever. More than 70,000 people have used an affordable MassHousing Mortgage to buy their first home in Massachusetts! Click here to learn more.

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Home Equity Loans

A home equity loan gives you the opportunity to borrow against the equity in your home for home improvements, tuition, a new car, debt consolidation or just about any other worthwhile purpose. Unlike a home equity line of credit, a home equity loan is a one-time lump sum loan that you will pay off over a set amount of time, with a fixed interest rate.

TCB offers a variety of terms. Ask one of our mortgage financing specialists for details. This type of loan may also offer tax benefits. Consult with your tax advisor to understand how a home equity loan may affect your personal tax picture.

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Home Equity Lines of Credit

A home equity line of credit (HELOC) gives you the opportunity to borrow against the equity in your home for home improvements, tuition, a new car, debt consolidation, or just about any other worthwhile purpose.

Unlike with a home equity loan, with a HELOC you are approved to borrow up to a certain amount, but you only pay interest on what you actually borrow. In this way, a HELOC works a lot like a credit card, but often with lower interest rates.

The interest you pay on your HELOC may be tax-deductible. Consult with your tax advisor to understand how a home equity line of credit may affect your personal tax picture.

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Meet the Team

Headshot of Jared McGuire View Bio

Jared McGuire

Mortgage Loan Officer
Peter Melville headshot View Bio

Peter Melville

Mortgage Loan Officer
Peter Savard headshot View Bio

Peter Savard

Mortgage Loan Officer
Headshot of Renee Owens View Bio

Renee Owens

VP, Community Lending
Meet the Whole Team
Headshot of Jared McGuire

Jared McGuire

Mortgage Loan Officer
NMLS: 463931

Jared has over ten years of experience as a mortgage banker. A lifelong Massachusetts resident, Jared grew up on Cape Cod, graduated from Boston College where he excelled in baseball and has been working in banking ever since. He offers a special hands-on approach and truly enjoys and values his time spent with borrowers and helping them to achieve their mortgage needs. In his free time, he enjoys his family, traveling, and watching Boston sports.

Peter Melville headshot

Peter Melville

Mortgage Loan Officer
NMLS: 22712

Peter has more than 28 years of experience counseling New England homebuyers on their loan options and guiding them through the process from application to closing. This depth of experience makes him particularly adept at assisting first-time buyers. Peter grew up in West Roxbury, graduated from Boston College, and settled in Dedham, where he has coached and served as a board member for Pop Warner Football.

Peter Savard headshot

Peter Savard

Mortgage Loan Officer
NMLS: 2149640
Here at TCB, we are a close-knit group. We treat our customers as though they are family and build relationships that last a lifetime.

Peter joins the TCB family with over 30 years of experience building relationships. Most of his career was spent working in finance and account management in the greater Boston marketplace. He started his career in sales, but then grew to hold various roles negotiating multi-million dollar contracts with the largest banks and insurance companies in the United States, as well as the Commonwealth of Massachusetts’ executive agencies. Peter has been married to his wife Judy for 28 years. They have raised three children In Tyngsborough, Massachusetts, who are one of his greatest sources of pride. Peter is a great sports enthusiast. In his spare time, he has coached softball at UMass Lowell and Phillips Academy Andover, as well as coaching his own children in baseball.

Headshot of Renee Owens

Renee Owens

VP, Community Lending
NMLS: 623944

Renee is the VP of Community Lending at The Cooperative Bank and focuses on the Greater Boston area and all surrounding communities. Renee has 38 years of experience in lending, having worked for large national banks and smaller community-based banks. She has a focus on affordable housing, first home buyer mortgage products, and first-time home-buying educational programs. She partners and serves on the lending committee for Massachusetts Affordable Housing Alliance also known as MAHA, and she also partners with multiple nonprofit entities. She is a past board member of the Mass Mortgage Bankers Association where she served for six years. She is a current member of the selection committee of the Citizen’s Housing and Planning Association.

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