Home Sweet Home Equity
Paying for college? Consolidating debt? Remodeling your home? Put the equity in your home to work with one of our easy options.
Home Equity Line of Credit is a home equity line of credit, which means that if you qualify, you can withdraw money as needed from your home equity account. With no closing costs on credit lines up to $250,000, it is an easy, affordable, and flexible alternative to a traditional loan.
Home Equity Loan also draws on your home’s equity but you will receive all your money up front. Home Equity Loan has fixed payments and fixed interest rates.
Turn the equity in your home into cash. It's easy with a Home Equity Line of Credit from Capital City Bank. Flexible and hassle-free, Home Equity Line of Credit offers a great introductory rate*, no closing costs on lines up to $250,000,** possible tax benefits,*** and the option of linking to a Capital City Bank checking account.^
*Subject to Credit Approval. The 1.99% introductory rate will be in effect for the first six (6) months after your account is opened. Upon expiration of the introductory rate, all balances will accrue interest at the variable standard Annual Percentage Rate, which can range from Prime + 1% to Prime + 4.5% using the JP Morgan Chase Prime (JPMCP) rate (currently an APR of 3.25%) not to exceed 18% at any time. Information accurate as of 07/25/2014. After the promotional period, the variable standard APR will be based on your line amount, combined loan to value ratio, and credit rating. This offer is available to new equity line clients, and to existing equity line clients with an increase in their existing credit line of at least $15,000.00, and is subject to change without notice. Hazard insurance required and flood insurance, if applicable. Exclusions and limitations apply.
** No closing costs will be assessed on lines up to $250,000, subject to the following conditions: (1) Borrower must have a Capital City Bank deposit account; and (2) if applicable, Borrower will pay for the second and any subsequent valuations of the property. Borrower will participate in closing costs for lines exceeding $250,000. Minimum line of $15,000 required. If you close your Credit Line and we release our lien within three (3) years from the date of closing, you will owe a prepayment penalty of 2% of line amount not to exceed $1,500. Owner occupied property only and CCB must be in valid first or second lien position. Refer to HELOC application or ask your banker for complete details. This offer may be withdrawn at any time.
***Consult your tax advisor about possible tax benefits.
^Overdraft protection subject to transaction fees.
When you need funds fast, consider a Home Equity Loan. Sometimes referred to as a second mortgage, a Home Equity Loan has fixed payments and fixed interest rates. This is a popular option for homeowners who have a large, one-time expenditure that requires immediate funds such as a home improvement project or to consolidate debt. All funds are received at closing.
*Subject to Credit Approval. No Closing costs for lines up to $100,000 with a Capital City Bank deposit account. Borrower will participate in closing costs for greater amounts. Minimum line of $10,000 required. Pre-payment penalty: if you close your Credit Line and we release our lien within two (2) years from the date of closing, you will owe a prepayment penalty of $400, ask for details.
*All home equity loans and credit lines subject to credit approval.