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Prime CreditLinesm
Strategy: Establish a home equity line of credit
Unlock the equity in your home to make home improvements, pay for a large purchase, or for almost any other personal or business need.
What are the advantages of a home equity line of credit?
- No points, application costs or closing costs (early closure fees will apply if the line is terminated within 36 months)
- Fixed loans also available
- 10-year revolving line of credit
Why don't I just pay cash?
By paying cash, you may forego the opportunity to invest that cash and earn returns that are potentially higher than your borrowing costs.
Why don't I just sell securities?
As anyone with a portfolio of securities has experienced, staying invested when stocks are on the rise means participating in potential future earnings and growth. And while securities may decline in value as well as go up, you should consider carefully whether holding them based on a longer timeline will increase the likelihood that the stock value will improve. Also, by not selling, you may defer realization of any gains on your securities and any related current tax liability on those gains.
Start the process now.
- To speak to a Citi Home Equity Consultant, call 888-MORTGAGE (888-667-8424), and select option #2. Or, contact your Financial Advisor.
 | When used wisely, borrowing can be beneficial to your 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. An early closure release fee may be charged to recover all third-party costs incurred in originating your line and may apply if you close your account within 36 months. Not applicable in TX. Property insurance and a fee to release an existing lien may be required. A default (stopping monthly payments) on a mortgage could result in the loss of pledged real estate. |
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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.
Prime CreditLinesm is a service mark of Citigroup Global Markets Inc. No third-lien positions. Certain limitations apply. Limited time offer. Rates subject to change without notice. Available to U.S. residents only. Not available in Alaska. Consult a tax advisor regarding the deductibility of interest. 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. |
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For more information, please contact your Financial Advisor.