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Mortgage / Home Equity Loans

Home Equity Loans

Commercial Bank Greenville offers both Home Equity Term loans and Home Equity lines of credit. A Home Equity loan is based on your home's equity and allows you to borrow a lump sum of money at a fixed rate for a fixed term. A Home Equity line of credit is also based on the equity in your home and allows you to access these funds over a fixed term with an interest rate tied to prime.

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Fixed Rate Home Equity Loans.

Loan Types:
Smart Money Renovation Loan               Home Equity Term Loans             Home Equity Variable Lines of Credit
Ideal For
Home improvements,   vacations, bill consolidation, purchase large ticket items Home improvements,   vacations, bill consolidation, purchase large ticket items Home improvements,   vacations, bill consolidation, purchase large ticket items


Amount Available
Based on equity in home Based on equity in home Based on equity in home
Interest Rate
Competitive fixed rate Competitive fixed rate Rate varies with prime and amount of line
Monthly Payment
Interest for the 1st year based on how much you use, fixed for the remainder of the term Fixed Interest only based on the current balance


Terms
15 years 7 or 10 years Extended terms
Fees
None $295 None
616-754-7166