Home Equity Lines of Credit
Rates as low as 4.00% APR*
Use the equity in your home to borrow the money you need, when you need it most. A home equity loan is a great way to make home improvements, but did you know you can use the equity in your home to plan an unforgettable family vacation, or even purchase that boat you have always wanted? You may be able to use up to 100% of the equity in your home to turn your dreams into a reality.
A Community Financial Home Equity Line of Credit offers:
- Competitive variable rates based on prime and tailored to your individual circumstances; Call for a personalized quote
- Interest-only payment options
- A .25% discount if payments automatically deducted from your Community Financial checking account
- No application or closing fees
- Ability to borrow 100% of your available equity
- Convenient check writing and online access
- Interest may be tax deductible – Consult your tax advisor
Apply online, stop by your local branch or call (877) 937-2328 for more information.
|Home Equity Loans|
|Effective Date: Wednesday, July 26th, 2017|
|Name||Rates As Low As*|
|Variable Rate HELOC||4.00%|
|Fixed Rate HE Term Loans||3.24%|
|Home Equity Lines of Credit: The variable rate of 4.00% Annual Percentage Rate (APR) is based on a $25,000+ line of credit and 80% Loan to Value (LTV). Estimate assumes a .25% rate discount given when payments are automatically deducted from a Community Financial checking account. Rates are based on the published Wall Street Journal Prime Rate and subject to change without notice. Additional rates available based on loan amount, LTV and individual credit history. Maximum rate 18.00% APR, minimum rate 2.00% APR. If you close your line of credit plan within the first 24 months you will be required to reimburse the credit union for the bona fide fees paid on your behalf. Click here for important consumer information regarding Home Equity Lines of Credit.|
Home Equity Term Loans - APR is based on $25,000 loan amount, for 60 months, with 80% LTV, and an excellent credit score. It also includes a .25% rate discount given when payments are automatically deducted from a Community Financial checking account. Actual rate based on loan amount, LTV, term and individual credit history.