Home Equity CLOSED-END SECOND LOAN
Cash in on the Value of Your Home
A Home Equity Closed-End Second (CES) loan can be used to consolidate debt or used on large purchases such as home improvement, college education and more.
Our Unique Bridge to Home Saver Closed-End Second Loan Offers Many Simple and Stable Features, Including:
To get started, contact your local loan officer today!
Purpose
Second-lien only
Term
15-Year Fixed Rate
Maximum Loan Amount
2nd lien: Maximum loan is $1,000,000
Note: The senior lien (first mortgage) loan amount cannot exceed $3,000,000.
Maximum Loan to Value (LTV/CLTV1)
60%
Occupancy
Owner-occupied, second home, investment
Property Type
- single family residence (1-4 units)
- condominiums
- planned unit developments
- townhomes (1-4 units)
Eligible Borrowers
Individuals (including married or joint applicants), LLCs, Corporations, Trusts, Foreign Nationals, and Non-Permanent Resident aliens.
Access Method
- Access your account through EWB Online Banking2
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Disclosure
All rates, fees, products, and program guidelines are subject to change or discontinuance without prior notice. Other limitations and restrictions may apply. All loans are subject to East West Bank's application, underwriting, appraisal, and credit approval. Program is available in select counties of California.
1 CLTV includes any remaining loan on the property plus the new CES amount requested.
2 Must have an EWB deposit account and sign up for EWB online banking.
Footnotes
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