Gearing up for Spring Break?

March 10, 2017 |

Are you gearing up for Spring Break? Maybe you are getting your swimsuits packed for a trip to the beach or a tropical cruise—or maybe you are preparing to bundle up for the cold temps at the ski resort—or just preparing for a staycation week at home.

The nice, early spring weather, the longer hours of daylight, and the free time created by a few days off are the perfect combination to accomplish the ever-growing list of lingering projects around the house.

If you’ve been planning your Spring Break trip for a while you have been pinching pennies to combat the expenses of the adventure. What about those home projects? Do you need a little extra funding to help finally make those projects realities?

An excellent option for that little “extra” is a Community Bank Home Equity Line of Credit, sometimes referred to as a “HELOC.” This is an easy, affordable solution to your financial needs during those do-it-yourself Spring Break projects.

Home equity loans can be used for any purpose, whether that’s a home renovation, addition, or outside project. They are in place for a 10-year period, beginning with an introductory APR of 1.90%* and then go to a variable rate currently as low as 4.00%* APR, making this option one of the most affordable ways to borrow money.

A HELOC gives you the ability to write checks on your loan, making it quick and easy to use. The interest paid may also be tax deductible. Come by Community Bank to check out how easy and convenient a HELOC can be to help you achieve your goals this spring. If you’ve never looked into it, now is a great time to find out how a HELOC might be perfect for you.

*1.90% Annual Percentage Rate (APR) for first 6 months, then variable with the APR equal to NY Prime Rate at that time with a minimum APR of 4.00% and maximum APR of 18.00%. Current APR as of 1/1/17. Offer valid until 8/31/17. Interest only or 2% of outstanding balance payment options available. With either of these options, a balloon payment equal to the outstanding principal balance at maturity and any unpaid interest will result. Minimum line of credit amount is $25,000. No annual fee. One time documentation fees of $100 to $200 may be charged. Must have Community Bank checking account. Adequate property insurance on all real estate collateral is required. Consult your tax advisor regarding interest deductibility. All loans subject to credit approval. Limited time offer. See Bank for full details.