What’s On Your Wish List?

2017 Construction & HELOC - VCNB (Rt. 93S & Rt. 50 Clear Channel Lamar)

What’s on your wish list? A big kitchen for family meals? Perhaps a new garage to protect your vehicle from the weather? How about a pool just in time for summer parties? With a Home Equity Loan at VCNB, you can make these dreams come true. Open a new Home Equity Line Credit before April 30 and receive an introductory Annual Percentage Rate (APR) of 2.99%.

A Home Equity Loan or HELOC is a revolving form of credit that uses your home as collateral. The amount of your credit line depends on how much equity you’ve built up in your home. Lots of homeowners enjoy using the equity they have achieved in their homes to make improvements that will increase their resale values or enhance their quality of life.

Click here to learn more about our current special.

Want to speak with a lender? Contact your local VCNB office or chat with a lender from our website!

 

 

 

 

 

 

 

 

 

VCNB: We’re The Bank For You

Construction - FBBC (Nauman Digital)

Doug DeLong

Doug DeLong is a Lender at the Salt Creek Banking Center in Laurelville

If you’ve seen one of our billboards or heard our current radio spot, you know we say that if you want to redo your home or build new, we’re the bank for you. We hear from countless customers that building a home with VCNB financing is easy or that they love our Home Equity Line of Credit. So we chatted with one of our lenders to find out what he believes our customers like best about financing these types of projects with us.

Doug DeLong is a Loan Officer in our Salt Creek Banking Center in Laurelville. He has worked in this office for thirteen years and is a favorite among customers around Laurelville. He expressed excitement about the construction and home equity loan specials VCNB is currently offering. “There are many things that set our bank apart, and these products are at the top of the list,” DeLong said.

Building a home can be an intimidating process for the customer but DeLong said he works to make the financing part as easy as possible. “We pride ourselves on being available to the customer and their contractor for communication during the important building process,” he said. “Frequent communication is necessary. We inspect the home each time a contractor requests a draw from the loan. We also speak to the customer before releasing the funds to the contractor to make sure the customer is happy with the work thus far.”

One thing that sets apart VCNB from many other banks is the turnaround time for loan draws. “There are typically no cumbersome delays in the draw process, as there are at many of the larger banks. Quite often, we can have an inspection done on a home and have the draw disbursed the same day! I doubt this is ever the case at the large banking institutions,” DeLong ventured. “We make it a priority to be prompt, knowing how important it is to the customer.”

He indicated there are many advantages when it comes to the VCNB Home Equity Line of Credit as well. “No closing costs is one big plus.* The rates and easy ability to access your money are others. And, as always, the great customer service continues to set us apart.”

VCNB does have a HELOC special that makes this project even more rewarding for the customer at this time. Click here to read about the special which expires May 15, 2016.

DeLong expressed how easy it to is love his job when he feels like the customer comes first and the loan products are good for the customer. “I like seeing dreams come true for my customers. A new home is one of the biggest dreams people have in life – it’s rewarding being involved in that process. These are just a few reasons I am proud to work at VCNB, a bank that truly cares about our customers’ well-being!”

*There are no closing costs unless the amount of the loan is over $100,000. Borrowers will be assessed fees for title, insurance and survey. If the loan is closed within three years, borrower will be assessed a $500 fee.

Ask A Lender: What Is A HELOC?

We introduced a new HELOC special earlier this week and it occurred to us that while bankers like to talk in abbreviations, everyone may not know about a HELOC and what it means. So we asked Cassie Stout to help us out and explain a HELOC. Cassie is the Manager of the Ross County Banking Center on E. Main Street in Chillicothe. As a Retail Banker, she is able to address all of a customer’s needs including help with loans and deposits. She has been with us since 2006 and is a popular fixture at our Ross Main Office.

Cassie Stout

Cassie Stout

Here’s what she had to say:

What is a HELOC?
HELOC stands for Home Equity Line of Credit and is a way to turn the equity in your home into cash.

Why would someone want or need a HELOC?
HELOCs are great for home improvement projects like kitchen and bath renovations, a new garage, or really any upgrade. A HELOC is also good to have if you need cash out for debt consolidation or to fund big life expenses like college or special occasions.

What are the costs related to a HELOC at VCNB?
We offer HELOCs with little to no upfront (closing) costs, and also waive the annual fee for the first year! After that, the annual fee is just $50*.

Why should someone apply for a HELOC at VCNB?
VCNB HELOCs are a great deal for many reasons. The application process is easy, plus we have great rates and low fees.

What do you wish customers knew about a HELOC that they don’t think to ask?
When you open a HELOC with us, you get great payment flexibility for a full fifteen years. That means you can pay just your interest or pay off more at any time. This is a good setup for my borrowers because they can use their HELOC for their initial purpose (like home renovations), but can then have the security of an available credit line for many years to come.

Learn about our current special at our website!

*A Home Equity Line of Credit in an amount over 100,000 will require title insurance and survey fees to be paid.