/Loans/Schedule-Appointment.png "Schedule Appointment")
Speak with a CNB Representative to get started on your FlexEquity Line of Credit or Home Equity Loan.
Schedule an appointment.
A home equity line of credit (HELOC) uses equity in your home to qualify for credit.
Learn more to see if this is the right option for you.
Speak with a CNB Representative to get started on your FlexEquity Line of Credit or Home Equity Loan.
Schedule an appointment.
A home equity line of credit (HELOC) uses equity in your home to qualify for credit.
Learn more to see if this is the right option for you.
The only thing more flexible than a CNB FlexEquity line of credit is all the ways you can use it. It's the stress-free way to pay for home improvements, college, or whatever your heart chakra desires.
Put the Equity in Your Home to Work
Borrow up to 85% of the equity in your home.
No Closing Costs1
The bank pays all closing costs (unless the account is
paid off and closed prior to 3 years).
Variable Rate Line of Credit
Access funds as you need them. Your credit line
replenishes as you make payments.
Local Decision Making
All loans are decisioned and processed locally.
Flexible Options
Option to convert balance into one or more fixed-rate
sub-loans2
Convenient Access to Funds
Easy access to your FlexEquity via online and
mobile banking.
Put the Equity in Your Home to Work
Borrow up to 85% of the equity in your home.
No Closing Costs1
The bank pays all closing costs (unless the account is paid off and closed prior to 3 years).
Variable Rate Line of Credit
Access funds as you need them. Your credit line replenishes as you make payments.
Local Decision Making
All loans are decisioned and processed locally.
Flexible Options
Option to convert balance into one or more fixed-rate sub-loans2
Convenient Access to Funds
Easy access to your FlexEquity via online and mobile banking.
Enjoy the predictability of a fixed loan amount with consistent monthly payments and set term.
• Fixed-rate loan3 • Term options
1If the loan is terminated for any reason prior to 3 years from the date of closing, borrower will be required to repay third-party closing costs incurred by the
bank to open your loan. These costs can range between $249.50 and $2,372.64. 2A conversion fee of $49 may be assessed for each sub-loan established. Sub-loans require a minimum loan amount of $5,000. Fixed rates on sub-loans will be quoted at the time of request and will not increase during the term of the sub-loan. Maximum number of active fixed sub-loans is five. Maximum term on fixed sub-loans is 10 years but not to exceed maturity date of FlexEquity. All loans are subject to credit approval. 3Closed-end loans with terms in excess of 10 years include a call feature, and the rate and payment may increase at the time of modification.
Title insurance may be required for loans greater than $250,000 or where there is no institutional first mortgage. Consult your tax advisor regarding interest deductibility.
Canandaigua Office - 72 South Main Street, Canandaigua, NY 14424, (585) 394-4260 | NMLS ID 501867.