Lending Services

A Mortgage From Citibank

Buy a home without selling your stock.

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Apply for a mortgage or refinance your current mortgage through Citibank.

I am planning to renovate my home. What do you suggest?

You can use the equity in your home to establish a Prime CreditLine^SM, Citibank's home equity line of credit for Smith Barney Clients. Another suggestion is to borrow using eligible securities as collateral.

I am building a home. How can I finance the construction?

You can finance with ExpressCreditLine^sm loan, using your securities in your Smith Barney account as collateral. Once your home is completed, the loan can be repaid when you convert to a mortgage.

When used wisely, borrowing can be beneficial to total wealth management. A Smith Barney relationship does not have to be established or maintained to obtain the products or pricing offered as part of the Smith Barney Home Loan Program at Citibank. Home equity programs not available in AK.

A default (stopping monthly payments) on a mortgage could result in the loss of pledged real estate, securities or both.

Smith Barney policy does not permit clients to use the proceeds of a home loan to invest in the securities or related markets. Your Financial Advisor may receive compensation in connection with this lending program. Affiliates of Smith Barney may earn fees in connection with the funding, origination, and sale of a loan.

Retirement Planning Services - Smith Barney Citigroup Inc., its affiliates, and its employees are not in the business of providing tax or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with the "promotion or marketing" of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Preserved Asset Mortgage not available in AL, MS, and MT. Preserved Asset Mortgage loans can be up to 100% of the purchase price or appraised value, whichever is lower. Preserved Asset Mortgage through Citigroup Private Bank not available in AZ or MT. Borrowing against securities may not be suitable for everyone. If the value of the securities should decline below a minimum level, clients may be may be subject to a collateral call without specific advance notice, requiring clients to deposit of additional cash or securities. If clients cannot do so, all or a portion of the collateral could be liquidated, and a potentially taxable event could result. The allowed holder is not entitled to choose which securities are sold or any extension of time to meet a collateral call. A mortgage default could result in a loss of the residence and the securities collateral A concentrated portfolio holding a single or a few securities may be subject to greater risk of a collateral call than a diversified portfolio; a diversified portfolio will tend to be less subject to a sharp decline resulting from the negative performance of a single security. Taking out a larger mortgage results in larger mortgage payments. Preserved Asset Mortgage is a registered service mark of Citigroup Global Markets Inc.

SureStart is a registered service mark of Citicorp. Final commitment is subject to verification of information, receipt of a satisfactory sales contract on the home you wish to purchase, appraisal and title report, and meeting customary closing conditions determined by CitiMortgage Consult a tax advisor regarding the deductibility of interest.

Smith Barney does not monitor or oversee home construction.

For the 3-, 5-, 7- and 10-year interest-only payment option, when the fixed interest-only period ends, your rate and payments will be subject to annual adjustments for the remainder of the loan term which may result in higher monthly payments at that time. With the 1- and 6-month interest-only loan, your interest rate can increase and monthly payments can increase every one or six months. For all interest-only loans monthly payments will generally increase when the interest-only period ends because you will be repaying principal and interest over the remaining loan term. On a six-month interest only loan, if you prepay principal during the first ten years, your required monthly payment may include some principal until your next six-month adjustment.

All home loans/lines are made by Citibank, N.A., or CitiMortgage, Inc., equal housing lenders, and are subject to Citibank and CitiMortgage's mortgage qualifications. CitiMortgage does business as Citicorp Mortgage in NM. In CT and NJ, Citigroup Global Markets Inc. is the BROKER ONLY, NOT THE LENDER. Citigroup Global Markets Inc. is a registered mortgage broker, NYS Banking Department. In AZ Citigroup Global Markets Inc. is a licensed Mortgage Broker (Lic. No. 0903067). Citigroup Global Markets Inc., Citibank, N.A, and CitiMortgage, Inc., are subsidiaries of Citigroup Inc.

Investments held at Smith Barney are not FDIC insured, not bank guaranteed and may fluctuate in value including loss of principal.

For more information, please contact your Financial Advisor.

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