HOME EQUITY LOANS

Are you ready to remodel your home? Purchase a car? Need cash for tuition? No matter what the reason, by using the equity in your home, you may qualify for a sizeable amount at a low interest rate. Depending on your situation, the interest paid on this loan could be tax deductible.

Fixed Rate, Closed End Loans

Community State Bank offers a closed end home equity loan for a term of seven, ten or twelve years. With this loan you borrow a fixed amount of money repayable over a fixed period of time. Payments are set in equal amounts to satisfy the loan by the end of the term.

Equiline, Open End Reusable Line of Credit Equity Loan

This is a variable rate loan.  For loans under $25,000, the rate is 1% over the Wall Street Journal Prime Rate.  For loans of $25,000 or more the rate is equal to The Wall Street Journal Prime Rate.  There is a floor rate of 4% and a ceiling rate of 18% on all loans.  Interest payments calculated on the amount outstanding are due monthly.  The only fee for this type of loan is an annual maintenance fee of $36.00.

HOW MUCH CAN I AFFORD? (Calculator)