Use the equity in your home for home improvements, education expenses, vacations, holiday bills, special purchases, investments, and more, just by writing a check. A convenient home equity line of credit is long-term, revolving financing secured by your residence. As you repay principal, funds become available to be used again and again without having to reapply each time.
- Owner-occupied property
- Check access with minimum advance amount of $300
- Competitive rates
- Variable rates
- Flexible repayment terms available
- No annual fee for the first year
- Monthly interest only payments on amount of principal outstanding
- Make payments on principal any time.
- At line maturity, use flexible monthly, amortized repayment options to fit your budget.
- Interest rate reduction available with automatic payment from a CCB checking account
- Interest may be tax-deductible (check with your tax advisor)