News & Announcements

6 REASONS TO GET A HELOC!

Posted 1/22/2010

When you need funds, a Home Equity Line of Credit (HELOC) can be a blessing. Borrowing money doesn’t have to cost you an arm and a leg.
Here are 6 reasons why HELOC’s are a good choice right now:

1. No closing costs ~ If you advance a minimum of $7,500, you won’t pay any
closing costs on your HELOC. That means no application fee, closing costs or
appraisal costs.

2. No fees when using your HELOC ~ It can be common practice for financial
institutions to tack on usage or check writing fees with a HELOC, but ours is different. You’ll never have to pay
any kind of account maintenance, advance or check writing fees.

3. Low interest rate ~ The rate on our HELOC is variable and based on the prime rate, which is relatively low by
interest rate standards. Right now, the rate is as low as 4.25%APR!* When you factor in the loan’s tax
deductibility (check with your tax advisor), you have access to very inexpensive money.

4. Caps on rate increases ~ Even if the prime rate jumps, your HELOC will have a cap on how high it can climb.

5. Low Payments ~ With a HELOC from C1st, your minimum monthly payment is only 1% of the unpaid balance.
It’s a monthly payment that you can afford.

6. Advance ANYTIME ~ You can make an advance from your HELOC whenever you’d like, even online (24 hours
a day/7 days a week)! Talk to a C1st Personal Representative for details.
*APR: Annual Percentage Rate. Terms and qualifications apply. Rate subject to change.