Home Equity Loans and Lines*
Use your City National Home Equity Loan and Line for:
- Home improvement
- Debt consolidation
- Education financing
- Medical expenses
- New car financing
- Dream wedding or vacation
Home Equity Loans
With a home equity loan from City National Bank, you can borrow a specific amount at a great rate. You will have access to your funds all at once and have the security of a fixed interest rate and a fixed monthly payment. You can use the funds for a variety of choices such as debt consolidation, home improvements, and much more.
Key Features
- Receive loan entirely in a lump sum
- Fixed principal and interest payments
- Fixed interest rate
- Terms from 5 to 15 years
- No pre-payment penalty
- Enjoy a .25% discount on your rate with an automatic payment from your City National Bank checking account
Home Equity Lines of Credit
Put the equity in your house to good use with a home equity line of credit from City National Bank. You decide when and why to access your funds, giving you the freedom to pay only on what you use. You can use your home equity line to make home improvements, pay for education expenses and much more -- the choice is yours.
Key Features
- Lower interest rate than many other types of credit
- Access to funds now or in the future
- Access to funds as you pay down the line of credit with out needing to re-apply
- Interest only payment option
- Make additional payments to pay down your balance with out penalty
- Access to available funds for 10 years
- Enjoy a .25% discount on you rate with an automatic payment from your City National Bank checking account
- No closing costs for lines up to $100,000 and for lines over that amount City National will pay the first $750 towards closing costs**
*Subject to credit approval and product guidelines.
**Closing costs are comprised of Recording Fee, Doc Stamps, Title/Name Search, Intangible Tax, Tax Service Fee, Flood Certification Fee and Flood Certification (Life of Loan). City National will take $750 off this total for lines of credit over $100,000.
