Better than Prime All the Time - Home Equity Line of Credit
- Summary
Do you need to cover major home repairs, a medical emergency or your child's college education? Community Bank's Better than Prime All the Time Home Equity Line of Credit ends the inconvenience of applying each time you need to borrow money. You pay nothing until you write a check as you borrow off the equity of your home and funds are available immediately...when you need them most. Plus, interest rates are based on 1/2% below the daily Prime Rate* reported in the Wall Street Journal Index.
- Remodel or upgrade your home
- Cover medical expenses, unexpected bills or taxes
- Payoff higher interest rate loans
- Finance or refinance your vehicle
- College tuition
- Bill consolidation
- Vacation
- Easy access to funds, simply write a check
- Line of credit is reusable
- Interest may be tax deductible - please consult with your tax advisor
- No closing costs
- Rates & Terms
Better than Prime Time, All The Time interest rate is based on the printed Daily Prime Rate located in the Rate Index of the Wall Street Journal* minus 1/2%. Disclosures available upon request. Apply today by calling us at 816-540-2525 and ask for a Home Equity Loan Officer.
* The Annual Percentage Yield (APR) may change daily, but will not exceed 18%. Maximum combined LTV is up to 100% (including prior mortgages or liens). Insurance must be carried on the property securing this loan.
- Repayment
A. During draw period (first 120 months of 240 month schedule) - monthly interest only payments
B. During repayment period (last 120 months of 240 month schedule) - monthly payments equal to 0.8% of the outstanding balance plus interest with a minimum payment of $100
* The Annual Percentage Yield (APR) may change daily, but will not exceed 18%. Maximum combined LTV is up to 100% (including prior mortgages or liens). Insurance must be carried on the property securing this loan.
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