Commercial Bank
Commercial Bank
101 N. Pine River
PO Box 280
Ithaca, MI 48847
Phone: (989) 875-4144
(800) 547-8531
Home Equity Products
RENOVATION LOAN
A perfect choice for that major remodeling project, the Renovation Loan gives you total flexibility. Borrow the money as you need it, make payments over 15 years, and a FIXED RATE for the life of the loan.
HOME EQUITY TERM LOAN w/ pre-payment fee
* Borrow against of your home's equity
* Low, secure, fixed interest rate.
* Borrow from $10,000 to $300,000, depending on the equity in your home.
* Flexible payment terms of up to 10 years to repay.
* A Pre-Payment Fee of 2% of the original principal balance (minimum $100)
will be charged if the loan is paid off within 2 years of the loan date.
HOME EQUITY TERM LOAN
* Borrow against of your home's equity
* Low, secure, fixed interest rate.
* Borrow from $10,000 to $300,000, depending on the equity in your home.
* Flexible payment terms of up to 10 years to repay.
* No Pre-Payment Fee
Equity Line
The Equity Line is a Home Equity Line of Credit. You may borrow up to 90% of the value of your home minus your current mortgage balance.
Funds are easily accessible with convenient Loan checks. We’ve made the process easy, apply right on line!
Premier Equity Line
The Premier Equity Line is a Home Equity Line of Credit. You may borrow up to 90% of the value of your home minus your current mortgage balance.
The interest rate starts at Wall Street Journal Prime and can go as low as ½% below WSJ Prime for Lines of $100,000 or higher. The rate changes monthly with changes in the Wall Street Journal Prime Rate.
Funds are easily accessible with convenient Loan checks. We’ve made the process easy, apply right on line!
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