At Community First Bank, our home equity loans provide you with
a single sum of money designed to suit your borrowing needs. Whether
you're buying a new car or paying college tuition, we can help.
Available with variable rates and flexible maturity and payment
options, our home equity loans will make your equity borrowing simple.
Home Equity Lines
The borrowing solution that
lasts a lifetime.
Judging by its popularity, many people already appreciate the
terrific convenience of our Home Equity Line of Credit.
Once you have established a Home Equity Line of Credit at Community First Bank, you will receive access checks to access your line.
Then all you need to do is decide how much of your credit line you
use and when and why you use it. It is no longer necessary to come
in to the bank when you need a loan. You can just use your Home
Equity Line of Credit access checks! If you utilize our CFB Online
Banking, you are able to make transfers from your home equity loan
to your CFB checking account.
With a variable rate and a balance that can rise or fall, your
minimum monthly payment will vary. You always have the option of
paying more than the minimum whenever you like. The repaid principal
goes back into your equity reserve, available for you to use again.
Why Equity borrowing?
Three reasons why equity borrowing may be the best choice for
The interest you pay on most types of consumer borrowing
is no longer tax deductible. You may, however, be able to deduct
every penny of interest when you borrow against the equity
in your home, regardless of how the money is used. (For details,
consult your tax advisor.)
That's why Community First Bank offers home equity rates that
are lower than most other forms of credit.
With an equity loan or credit line, you can typically borrow up
to 90% of your home's value, minus any mortgage debt.
At Community First Bank, our equity borrowing programs are designed
with consumers like you in mind. That is why we give you a choice
in managing how you borrow... and how you repay your loan to restore
your home's equity.
Personal Account Application