Home Equity Loans
Equity Elite Home Equity Line Of Credit
A home equity line works just like a credit card. Once a line of credit is established, you can draw against it by simply writing a check or having the funds transferred to your Cumberland Bank and Trust account. You borrow what you need when you need it. When you repay your principal, that money becomes available to borrow over and over again. That means you don’t have to reapply every time you need funds. A home equity line is the smart solution for those who want the financial flexibility to use their equity over a period of time. And write a check to access your line of credit that can be used almost anywhere; you may never need another loan or credit card. Please see Terms and Conditions for details.
Equity Elite Home Equity Loan
A home equity loan is a loan secured by the equity in your home that provides you with a one-time lump sum cash amount. You repay it as you would any other installment loan in fixed monthly payments. These fixed-rate, simple interest loans guarantee that your rate will never change and your payment will never increase for the term of the loan. This loan is ideal for those who prefer the budgeting ease of fixed payments.
