Home Equity Lines of Credit
Let Your Home Fund Your Future
When you decide to put the equity in your home to work, California Bank & Trust can help. Our Home Equity Lines of Credit offer flexible loan amounts and repayment terms, which can make this a smart time to take advantage of a promising opportunity, tackle a new project, or simply consolidate debt.
Special Introductory Offer
Enjoy a Home Equity Line of Credit with a low Introductory 3.24% Fixed APR* for the first 6 Months, after that, 4.625% - 7.625% variable APR*.
Loans are available up to $2,500,000 and we offer competitive variable interest rates.
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 , 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. Contact your local branch for further loan details. Offer subject to change.
APR (Annual Percentage Rate): Advertised 3.24% Introductory APR is fixed for the first 6 monthly billing cycles, after that, 4.625% - 7.625% variable APR based on credit worthiness. Advertised variable rates may 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 as published in The Wall Street Journal plus a margin. Maximum APR is 16%. Collateral must be primary owner-occupied single family residential property, including condos, townhomes, and duplexes located in California with a maximum 80% loan-to-value. Product terms and conditions apply.
Fees: No 3rd party closing costs for lines $500,000 or less if property is primary residence. For lines over $500,000 secured by a primary residence, and all lines secured by a secondary residence, investment property or rental property, borrower is responsible for 3rd party closing costs which may range from $250-$4,000, depending on line amount and other factors. 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 0.25% will apply and enrollment in the Relationship Pricing Program discount of 0.25% 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. Auto-Pay from a CB&T deposit account is required. Product terms and conditions apply. See Banker for details.
ZB, N.A. NMLS # 467014