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You > Loans

Home Equity Possibilities

Home Equity Banner


Application

Online Application

We provide a convenient and secure way to apply online for a CNB Home Equity Loan or
CNB FlexEquitySM Line of Credit.
 
Transfer Funds

Convenient Access to Funds

CNB FlexEquitySM Line of Credit allows convenient access to funds as you need it, plus a replenished line as repayments are made.  
Online/Mobile Banking

Online & Mobile Banking

View your account information, make payments, transfer funds, and more using CNB's Online Banking and the Mobile App.  


CNB FlexEquitySM

  • Variable-rate line of credit
  • No closing costs2
  • Manage your rate options
  • Convert your balance into one or more
    fixed-rate loans later3
 

Home Equity Loan

  • Fixed-rate loan4
  • No closing costs2
  • Term options
  • Consistent monthly payment
 

CNB FlexEquitySM

  • Variable-rate line of credit
  • No closing costs2
  • Manage your rate options
  • Convert your balance into one or more
    fixed-rate loans later3
 

Home Equity Loan

  • Fixed-rate loan4
  • No closing costs2
  • Term options
  • Consistent monthly payment
 


Advertised rate applies to approved, new FlexEquity Home Equity applications and require the borrower to maintain an Optimum Checking account with payments auto-deducted from a CNB Optimum checking account. Limited to 1- to 4-unit, owner-occupied, primary and secondary homes only. Property insurance is required at borrower’s expense. Flood insurance may be required at borrower’s expense. Title insurance may be required for lines greater than $250,000 or where there is no institutional first mortgage. Minimum line is $10,000 and maximum is $250,000.  Consult your tax advisor regarding interest deductibility. All lines are subject to credit approval. 1)For lines between $50,000 and $99,999, the APR is the highest Prime Rate quoted in the Wall Street Journal (WSJ) on the 1st day of the month for lines with a loan-to-value ratio of 80% or below, or plus .125% margin for lines with a loan-to-value ratio above 80%, up to 85%. Contact us for the margins for lines of less than $50,000 or $100,000 and above. WSJ Prime Rate is 4.75% as of 3/22/18, but is subject to change. The APR is a variable rate and will not be less than 4.00% and will not be greater than 16.98%. This is a balloon mortgage; the entire balance will be due and payable 20 years from the date of the credit line agreement. A service charge of $10 may be assessed for any loan advance under $500. 2)If the loan is terminated for any reason prior to 3 years from the date of closing, borrower will be required to repay third-party fees incurred by the bank to open your loan. These fees can range between $563.32 and $3,487.97. 3)A conversion fee of $49 may be assessed for each sub-loan established. Sub-loan requires a minimum of $5,000. Fixed rates on sub-loans will be quoted at the time of request. Maximum number of sub-loans is five. 4)Closed-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.