Home Equity Line of Credit

This revolving line of credit is secured by the equity you have in your home. It allows you to use your funds whenever you need them, again and again.

Once your application is approved and your credit limit determined, you can access your line account as often as you like. You decide how much of your credit you want to use and what you’ll do with the money. These resources can be used for a variety of reasons – some may be tax-deductable (consult a tax professional for details).

Use your Home Equity Line for:

• home improvements and remodeling
• bill consolidation - lower total monthly payments and save money on interest
• school tuition: for your children or your own education and career opportunity

No Closing Cost Option New and existing Century Bank deposit customers with a minimum daily balance of $500 during the first year, can opt to pay no closing costs on their home equity line.**

Interest-Only Home Equity Line of Credit With our interest-only option, a home equity line is more affordable than ever! Consolidate debt, remodel, add a pool, buy a boat or a car, or even pay college tuition.

Take Advantage of Your Credit Today Contact a branch manager for the answers to any questions you may have and to receive an application. Upon approval, your loan officer will arrange a meeting to complete the agreement.

* Prime rate is 5.00% as of 5/01/08. Our rate will not exceed 18% APR. Credit subject to approval. A home equity loan and a home equity line of credit is secured by a first or second mortgage lien on your home, which must be a one-to-four unit, single-family residence. Loan or line cannot be used to purchase the property securing the loan or line or for commercial purposes. Additional fees and closing costs apply. Property and or flood insurance may be required. If the line of credit is closed within 36 months of the date upon which it is opened, there is an Early Termination Fee equal to 1% of the line amount, or $750 (whichever is less). Low credit scores may also increase the final rates - this is determined on a case-by-case basis.

** If credit line is closed during the first 18 months, bank-paid closing costs will be charged back to the home equity line.