Home Equity Lines of Credit
When you decide to put the equity in your home to work, California Bank & Trust can help; whether you have equity in your home, your second home, or your investment or rental property.
Our Home Equity Lines of Credit offer flexible loan amounts and repayment terms, which can be the perfect solution for home improvement projects, tuition or bill consolidation.
Special Introductory Offer
Enjoy a Home Equity Line of Credit with an Introductory 2.75% Fixed APR* for the first 6 Months, after that, 3.75%-4.75% variable APR*.
Loans are available up to $5,000,000 and we offer competitive variable interest rates, which may be tax deductible. Be sure to consult your tax advisor regarding deductibility of interest.
After the Introductory period, you may be eligible for an additional interest rate auto-pay discount of 0.25% by making automatic payments from your CB&T account. Maintain two or more qualifying CB&T accounts and receive an ongoing interest rate Relationship Pricing** discount of 0.25%.
Contact your branch or call TeleLoan™ at (800) 429-7685.
* Subject to credit approval; terms and conditions apply. Offer not available for existing CB&T Home Equity Credit Lines or CB&T Home Equity Credit Line refinances. Advertised rates are effective 9/24/15, offer is subject to change any time. Minimum line amount is $10,000.00. Minimum draw amount is $300.00. Properties for sale are not eligible. Property insurance required. Consult a tax advisor regarding deductibility of interest. Contact your local branch for further loan details.
APR (Annual Percentage Rate): Advertised 2.75% Introductory APR is fixed for the first 6 billing cycles, after that, 3.75%-4.75% variable APR based on credit worthiness. Advertised variable rates include the auto-pay discount of 0.25% and the Relationship Pricing discount of 0.25%. The variable APR is subject to change without notice and is based on Prime Rate (3.25% as 9/24/15) as published in The Wall Street Journal plus a margin. Maximum APR is 16%. Collateral must be owner-occupied single family residential property, including condos, townhomes, and duplexes located in California with a maximum 80% loan-to-value.
Fees: No 3rd party closing costs for lines $250,000 or less if property is primary residence. For primary residence, second homes, Investments, rental property lines over $250,000, borrower is responsible for 3rd party closing costs that may range from $500-$3,000. An early closure fee of $500 will apply if line is closed within 36 months of the initial loan closing date.
Auto-Pay & Discounts: Auto-pay from a CB&T deposit account is required during the Introductory period. No additional discounts are available during the Introductory period. After the Introductory period ends; the auto-pay discount of .25% will apply and enrollment in the Relationship Pricing Program discount of .25% will apply if qualifications are met.
** Relationship Pricing: To qualify for the Relationship Pricing, customers must have a DDA or Interest Checking Account, and one other account with a balance or activity in it other than the HECL being applied for. The other account must be from a different account type/category. Product terms and conditions apply. See Banker for details.
NMLS # 576583