Home Equity Line of Credit
A Community First Home Equity Line of Credit is a revolving Line of Credit that is secured with a property.
With our Home Equity Line of Credit you can put the equity in your home to work for you so you can afford the things you’ve always wanted – Home Renovations, Travel, Investment Opportunities, Education, etc.
It’s the most convenient, flexible and cost effective tool for credit management available to homeowners. Your mortgage and other additional loans can total up to 80% of the appraised value of your home.
Flexible Repayment Schedule
Enjoy the flexibility that comes with having a Home Equity Line of Credit. You only pay interest when you draw on the funds. Pay back as little or as much as you want towards your outstanding balance at any time.
Accessibility
A Home Equity Line of Credit provides you with security in knowing funds are available any time you need them. In addition, enjoy the ease of applying only once, the Home Equity Line of Credit is a reusable line of credit even when it has been fully paid.
Interest Rate Available
Interest rates are offered only on a variable rate basis.
