Services for Unit Owners

Services for Unit Owners

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COMMUNITY ADVANTAGE has experienced professionals who can provide products and programs which can be custom designed to meet your individual needs. We also provide superior service to insure that you are completely satisfied.

Home Equity Loans and Lines

We offer fixed-rate home equity loans and variable rate home equity lines of credit. In addition to offering you the best interest rates around, we also provide superior service to insure that you are completely satisfied.  Our equity loans and lines do not have an application fee or an annual fee (throughout the ten year period).  Our home equity loans or lines can be used for a variety of purposes, may be tax deductible (consult your tax advisor) and provide a lower cost way to borrow for:

  • Improving your home
  • Finance Special Assessments
  • Purchasing a vehicle
  • Affording a much needed vacation
  • Paying off medical bills
  • Funding education
  • Consolidating debt
  • Paying off a credit card balance while lowering your cost of borrowing

Home Equity Loan

  • Fixed Rates 
  • Flexible Terms
  • No application fee
  • A one time fee of $45 will be charged at closing to monitor payment of real estate property taxes 
  • Up to 80% loan to value 

Home Equity Line of Credit

  • Adjustable rates (with Prime Rate as index)
  • up to 80% loan to value
  • 10 year line
  • You will never pay any application fee or annual maintenance fee
  • A one time fee of $45 will be charged at closing to monitor payment of real estate property taxes 
  • Your interest rate is set by the amount of your line, you pay interest only on the amount you borrow
  • Making just the required monthly payment of interest only will not reduce the principal balance of the loan and will result in a balloon payment equal to the sum of all advances when the loan matures

 

 

Checking and NOW Accounts

We offer many kinds of personal Checking and NOW Accounts

Non-interest bearing checking accounts:

  • College Checking Account
  • Simply Checking


Interest bearing NOW accounts:

  • NOW Account
  • Single Solution Checking
  • Platinum Preferred Account®
  • Community Account  

All checking accounts offer

  • NO ANNUAL FEE ATM or VISA debit card
  • Surcharge free NYCE® network with SUM® and MoneyPass® ATMs in Chicagoland area
  • FREE imaged checks with CheckManager Plus®
  • FREE On-line Banking and Telebank
  • FREE Bill Pay

 

Savings Accounts

Our FDIC-insured Savings Accounts are variable-rate interest-bearing accounts:
 

Statement Savings Account—Features & Benefits

  • No minimum balance to open
  • Amount to avoid monthly fee is $200 daily balance 
  • Interest is compounded and paid monthly
  • Statements sent monthly
  • Transfer of funds to your checking account with Telebank or FREE online banking
  • Savings transfer overdraft protection at only $5.00 per transfeerMoney Market Account
  • Our Money Market Account combines liquidity and convenience in a tiered variable-rate, interest-bearing account with limited check-writing privileges

Features & Benefits

  • Minimum Daily Balance of only $2,500.00 to avoid a monthly service fee
  • Higher interest rates than a typical Savings Account
  • Unlimited deposits and up to six preauthorized debits at no charge
  • Unlimited withdrawals when made in person or by ATM, mail or messenger at the bank
  • FREE On-line Banking and Telebank

If you have any questions or would like more information on any of these services, contact one of our Trusted Industry Experts at (847) 304-5940 or email service@communityadvantage.com