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CB Access - Customers Bank

Home Equity Loans

New car? Home improvements? College expenses? Whatever you need, we welcome the opportunity to provide you the financing you're looking for. Speak with an experienced loan officer from Customers Bank and find out how easy it is to turn your dreams into reality.

Home Equity Term Loan

Sometimes referred to as a second mortgage, a fixed rate loan that uses the available equity in your home. Equity is the market value of the house, less the balance still owed on the first mortgage. Home equity loans are commonly used for major expenses such as medical bills or home remodeling. Like a mortgage, the home equity loan must be paid over a fixed period of time. The interest rate is fixed for the term of the loan. Unlike a HELOC the entire amount of the loan is given at once.

Home equity loans generally often have lower interest rates than auto loans and the interest may be tax deductible.

This calculator is designed to help determine whether using equity in your home to consolidate debt is right for you.

Mortgage

A loan to finance the purchase of real estate, usually with specified payment periods and interest rates. The borrower gives the lender a first lien on the property as collateral for the loan. The mortgager's lien on the property expires when the mortgage is paid in full.

Should you refinance your mortgage? Use this calculator to determine when you will break even.

Can you buy your dream home? Find out just how much you can afford!

Use this calculator to determine your maximum mortgage and how different interest rates affect how much you can borrow.

Determine your monthly mortgage principal, interest, taxes and insurance payment (PITI) and amortization schedule.

Use this calculator to determine how much income you need to qualify for a mortgage and how different interest rates affect your required income.

Determine your maximum FHA mortgage and cash needed for closing.

Compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.

Are you better off buying your home, or should you continue to rent?

Overdraft Line of Credit

An unsecured loan used as overdraft protection against bounced checks. Monthly payment due is based on a percentage of the outstanding balance of the line of credit.