Home Equity Loans & Lines of Credit

Your home's equity is as good as money in the bank.
Need a new kitchen? A big tuition bill around the corner? Want to consolidate high interest credit card debt? When you need money to pay for major expenses, the equity that is built up in your home can be a source of real borrowing power.

Equity is the difference between the market or appraised value of your home, and the balance of all mortgages on it. At CommunitySouth, we'll lend you up to 80%* of the equity in your home, without affecting your original home mortgage!

Here's an example:

If the appraised value of your home is:	$200,000
	x 80%
	$160,000
And if your existing mortgage is:	-$100,000
You may borrow up to:	$60,000

 

Home Equity Lines of Credit

• No annual fees & no application fees
• Make interest-only payments for up to 10 years
• Use your available credit line again and again
• Up to $300 off closing costs with a $15,000 initial draw at closing
• Borrow up to 80%* of the appraised value of your home, less any existing mortgages
• Interest payments may be tax-deductible**
  

Home Equity Loans

• Fixed interest rate and term
• Fixed monthly payments include principal & interest
• No annual fee
• Borrow up to 80%* of the appraised value of your home, less any existing mortgages
• Interest payments may be tax-deductible**

It's Easy to Apply!

Call 864-306-2540 or toll-free 866-421-CSBT
Request an application through our website
Apply in person at any of our branch locations

 

* Maximum loan-to-value ratios may vary.
** Ask your tax advisor for details.