Home Equity Loans/Lines
Home Equity Lines of Credit When you choose to put the equity in your home to work, California Bank & Trust can help. Our Home Equity Lines of Credit offer flexible loan amounts and flexible payback terms, perfect for home improvement projects or bill consolidation. Loans Amounts: Terms: - As you repay the principal, those funds become available to be used again and again without having to reapply each time.
Interest Rate: - Competitive rates
- Variable interest rate
- 0.25% discount for maintaining automatic payment from a CB&T checking account
Loan Fees: - No annual fee
- No application fee
- No closing costs for lines of $250,000 or less
Tax Deductible Interest: - The interest rate you pay may be tax deductible. (Consult your tax advisor)
How to Apply Contact your branch for details. Or apply by calling TeleLoan * at 1-800-429-7685. Please have this information ready when you call TeleLoan: - Social Security Number and date of birth (borrower and co-borrower)
- Home address and phone number/mailing address if different from home
- Previous address if at residence for less than 2 years
- Two-year employment history, plus employer(s) names/phone numbers
- Gross monthly income
- W-2 (1 year) and current pay stubs; if self-employed, last 2 years' tax returns
- Value of collateral (i.e. real estate, stock, savings account, etc.)
- Copies of real estate deed(s) or current loan statement(s)
- Name/phone number of nearest relative(s) not living with you
Home Equity Loans Our Home Equity Loans, with fixed loan amounts and set payback term, are ideal for a major purchase or home remodel. Loans Amounts: Terms: Interest Rate: - Competitive interest rates
- 0.25% discount for maintaining automatic payment from a CB&T checking account
Loan Fees: - No closing costs for loans of $250,000 or less
Tax Deductible Interest: - The interest rate you pay may be tax deductible. (Consult your tax advisor.)
How to Apply Contact your branch for details. Or apply by calling TeleLoan * at 1-800-429-7685. Please have this information ready when you call TeleLoan: - Social Security Number and date of birth (borrower and co-borrower)
- Home address and phone number/mailing address if different from home
- Previous address if at residence for less than 2 years
- Two-year employment history, plus employer(s) names/phone numbers
- Gross monthly income
- W-2 (1 year) and current pay stubs; if self-employed, last 2 years' tax returns
- Value of collateral (i.e. real estate, stock, savings account, etc.)
- Copies of real estate deed(s) or current loan statement(s)
- Name/phone number of nearest relative(s) not living with you
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