Home Equity Loans and Lines of Credit

Home Equity Loans VS. Home Equity Line of Credit (HELOC)

Homeowners may be able to take advantage of different lending options by using the equity in their home to serve as collateral. Apply for the option that’s best for you:

CBW Home Equity Loan

  • Apply for a set amount and receive a lump sum upfront.
  • Fixed monthly payment schedules.
  • Repayment for terms up to 20-years.

CBW Home Equity Line of Credit

  • Structured as a revolving line of credit.
  • Variable interest rate indexed to the Wall Street Journal Prime rate.
  • Borrowers have the flexibility to borrow and repay funds multiple times from the maximum available credit.
  • 10-year draw period followed by a 10-year repayment plan. 20-year maximum term.
  • Minimum monthly payments based on the outstanding balance and monthly interest accrual.

For more information, please email us at ConsumerLoans@citizensbankweston.com, or call us at (304) 269-2862.