Jun 14, 2020 3 min read

After weeks of stay-at-home orders, people are ready for a change of scenery. But with the Centers for Disease Control and Prevention (CDC) still discouraging nonessential travel and many people still suffering financially, people are opting to cancel their big summer trips.

But before you chalk this summer up as a disappointment, consider a Home Equity First Loan with Community Bank. Use the equity in your home to build your perfect backyard oasis or take a much needed staycation.

For more than 110 years, Community Bank has been personally involved in the community. And as a communityminded bank, Community Bank is committed to providing quality products that are competitive and fair.

Community Bank’s Home Equity First loan is a fixed-rate loan secured with a first mortgage on your residence that offers lower rates and longer terms than a conventional home equity loan. With a Community Bank Home Equity First loan, you can have the spending power you need to achieve your summer goals, and the comfort of knowing your rate and monthly payments are fixed. Don’t miss your opportunity to lock in a fixed-rate as low as 3.50%* APR for ten years! Plus, enjoy no closing costs!

The Home Equity First loan offers:

• No pre-payment penalty

• Loan amounts from $15,000 to $150,000

• No points

• A first lien on a primary residence

• Automatic payment draft available from a bank account

• Loan is subject to credit approval

• Property insurance is required

• Debt Protection is available for this type loan

• Escrow is available

For an even greater savings, Community Bank offers a biweekly payment option that allows you to pay your loan every two weeks resulting in considerable interest savings over the life of your loan. Bi-weekly payments must be drafted from an account.

Community Bank also offers a full line of Home Equity products. For more information on Community Bank’s home equity products, visit https://www.communitybank.tv/loanaccounts.htm#HEIL. To apply for a Home Equity First Loan, visit https://www.communitybank.tv/loan-accounts.htm#HomeEquityFirst.

*APR =Annual Percentage Rate assumes a 10-year term, other terms and rates available. Minimum loan amount is $15,000. This loan requires a first mortgage on your existing personal residence. Loan is subject to credit approval. Property insurance is required.Payments don’t include taxes and insurance (if applicable) and the actual payment obligation will be greater. Ask Banker for details. The offer may be modified or discontinued without prior notice.

Sponsored content brought to you by Community Bank.