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Citizens First Bank > Products > Personal Banking > Consumer Loans > Home Equity Line of Credit

Home Equity

Personal Loans | Home Improvement and Home Equity Term Loans | Home Equity Line of Credit | Vehicle Loans

Need a quick and convenient way to borrow the money you need? Then let Citizens First set up a Home Equity Line of Credit today. This variable rate line of credit utilizes the equity in your home and provides for a reusable source of cash. Need money for an emergency repair around the house? Simply use one of the pre-printed checks provided to write a check against your line of credit – no questions asked.

Home Equity Line of Credit Details

Borrow up to 80% of the equity in your home.
Variable rate of interest tied to the Wall Street published Prime Rate.
Reusable source of cash - as the principal balance is paid back, funds remain available up to the original approved line amount.
Convenient repayment terms such as interest only.
Receive a personalized checkbook with pre-printed checks to access your line.
Monthly statement itemizes advances and balance information.
Credit Life Insurance available.
In many cases, the interest is tax deductible - ask your tax advisor for details.
$40.00 Annual Fee waived for first year.
$85.00 Processing Fee required to open. If Appraisal is required, an Appraisal Fee will be charged. Fee for Title Insurance Policy applicable for lines in excess of $250,000.00.

Home Equity Line of Credit 80% Maximum LTV

Type	Term	Rate	APR*
$5,000 - $24,999	Up to 60 Months	4.75%	4.75 (Prime + .75%)
$25,000 - $49,999	Up to 60 Months	4.50%	4.50%(Prime + .50%)
$50,000 - $99,999	Up to 60 Months	4.25%	4.25% (Prime + .25%)
$100,000 +	Up to 60 Months	4.00%	4.00% (Prime + .00%)

Example: A loan amount of $10,000 at 4.500% for 60 months would have a monthly payment of $186.43.

**Annual Percentage Rate. Rates are as of 11/06/2008 and are subject to change. Based on Wall Street Prime of 4.00%. The maximum APR is 18.00%.