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Millhawlk Design & Construction

Home Construction Financing

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Home Equity Line of Credit (HELOC)

Millhawlk Design & Construction is proud to partner with Eastern Bank to help homeowners bring their dream projects to life through the Eastern FlexEquity® Home Equity Line of Credit (HELOC).
Whether you’re building a new addition, finishing your basement, remodeling your kitchen, or creating an outdoor living space, this flexible financing option lets you access the funds you need—on your timeline.

Millhawlk’s team will coordinate with you every step of the way to ensure your financing and project schedule stay aligned.

The Process: Simple and Streamlined

1. Schedule a Consultation

Meet with Millhawlk to discuss your project scope, design, and budget.

2. Explore Financing Options

We’ll help you connect with Eastern Bank to discuss eligibility and available HELOC terms.

3. Apply for FlexEquity®

Submit a simple application through Eastern Bank’s lending team.

4. Begin Your Project

Once approved, you’ll have funds ready to draw as construction begins.

What Is a Home Equity Line of Credit (HELOC)?

A HELOC is a revolving line of credit that allows you to borrow against the equity you’ve built in your home. Similar to a credit card, you can draw funds as needed for your project and pay interest only on what you use.

With Eastern Bank’s FlexEquity®, homeowners can take advantage of competitive rates, flexible repayment terms, and convenient access to funds to manage construction costs as work progresses.

Explore Financing Options

Why Use FlexEquity® to Fund Your Construction Project

Here’s how this financing option can benefit your project with Millhawlk:

  • Access Funds as You Build – Draw money as your project moves through design, permitting, and construction stages.
  • Low Variable Rates – Eastern Bank offers competitive HELOC rates that can be lower than most credit cards or personal loans.
  • Only Pay for What You Use – You’ll only pay interest on the amount drawn, keeping early project costs affordable.
  • Flexible Repayment – Choose repayment options that fit your budget and project timeline.
  • Use for Any Home Project – Ideal for additions, remodeling, basement finishing, new construction, and exterior improvements.

Projects Eligible for HELOC Funding

Many homeowners use HELOCs to fund projects like:

  • Home Additions – Expand your living space with a new bedroom, office, or second story.
  • Kitchen & Bathroom Remodels – Upgrade your most-used spaces with modern design and functionality.
  • Basement Finishing – Turn unused space into livable square footage.
  • Exterior Enhancements – Add decks, porches, or curb appeal upgrades.
  • New Construction or Structural Work – Use your home’s equity to kickstart a major build or renovation.
Explore Financing Options

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