Home Equity Lines of Credit

Helping you find the right home loan is our business. From buying a new home, to improving your home, to refinancing your home, we offer a variety of loans designed to meet your individual needs. In addition to a variety of competitive terms, rates and payments, we offer you our loan specialists to give you advice and offer you their financial expertise.

Benefits:

  • You determine the size of your line of credit up to 80% of the equity in your home
  • The interest rate is tied to Prime to ensure your cost of funds is always in line with market conditions
  • Your only requirement is the minimum monthly payment of interest
  • You can make payments at any time toward your principal balance (no prepayment penalty)
  • Automatic loan payments can be made from your Community Bank checking or savings account
  • You receive competitive interest rates
  • There is no cost to apply - in most cases we pay appraisal, recording and title fees
  • Five (5) Year Term

Home Equity Rates current as August 2, 2010

Loan Amount Term Rate% APR% Comments
Home Equity Line Of Credit 5 year 0.00% 4.00% Home Equity Line of Credit


SAMPLE CALCULATION - How much do I qualify for?
$200,000 Estimated current value of my home
$160,000 Value x 80%
- $100,000 Less 1st mortgage balance
$60,000 Available for Home Equity Loan

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Approval of all Community Bank products and services subject to bank underwriting standards.

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