Home Equity Line Of Credit (HELOC)

Now is the perfect time to inquire about a Home Equity Line of Credit (HELOC). Our experienced loan specialists will show you how easy it is to apply for a line of credit.


  • Promotional rate of 1.99% for 6 months*
  • There is No annual fee
  • We offer competitive rates
  • CBTC will pay closing costs on new HELOCs up to $250,000
  • You pay interest only on the outstanding balance
  • You have convenient access to a revolving line of credit

What to Know

  • 20 year term
    • Draw Period:  Minimum Monthly Payment will be interest only
    • Repayment Period:  120 Months amortization
  • Rate is based on the Loan to Value at origination- see below
    • Loan to Value (LTV) 80% or below equal to Wall Street Journal Prime (WSJP), no floor, adjusting monthly, ceiling 13.00 APR
    • Loan to Value (LTV) over 80% WSJP + 1, no floor, adjusting monthly, ceiling 13.00 APR
  • If customer closes a HELOC within 36 months of the opening date, any third party closing costs paid by CBTC will be charged back to the HELOC
  • There is a minimum HELOC amount of $15,000 or minimum increase of $15,000 to existing HELOCs
  • Closing cost will apply for new HELOCs or HELOCs greater than $250,000
  • This line of credit is secured by your primary or secondary home
  • The Loan Fee is $250 for lines of credit
  • An Inactivity Fee of $50 is applied when the line does not have at least one advance in a 12 month period that begins with the anniversary date of the line of credit

Payment Information

  • We offer flexible payment dates and you can set your payment date on the 1st or 15th day of the month
  • The monthly payments do not include taxes and insurance.

Subject to credit and underwriting approval. Certain fees and restrictions may apply.

*Rate after six (6) months is based on the LTV at origination. The promotional rate and terms are for new HELOCs, secured by a primary or secondary residence. Borrower with existing HELOC may apply for the promotional rate with a minimum increase of $25,000. If a borrower has received the promotional rate within 24 months of the application date, the promotional rate would not be available. The promotion applies to any applications dated on or after 2/16/17.

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