Think of some of life's most exciting moments; moving into your
new home, seeing your remodel dreams come true, buying
a car, and sending your kids off to college. It is
times like these where it is nice to know your banker.
Our pledge to you is simple. We will keep things straightforward,
competitive; therefore we won't give you the run around.
Signature Bank offers several loans designed with our customers
in mind; including credit lines, auto loans, and real
estate loans. Regardless of your current needs, our
bank strongly recommends two loans you should never be without; a personal
line of credit and, if a homeowner, a home equity
line of credit.
Personal
Line of Credit
A pre-approved line of credit you can access at anytime. The
funds are always available. Choose between three
programs.
1)Overdraft Protection
- a simple credit line tied to your checking account
that will cover any situation that causes a negative
checking balance.
2)Signature HP Checking - For
customers who qualify,
this credit line comes exclusively with the benefits
of the HP Checking Account. Credit Lines start at
$5,000.00 and carry an interest rate of Prime +1.75%.
3)Executive Credit Line - A stand alone credit line designed
for high tech net worth individuals. Credit lines
start at $10,000 and go to $100,000. Benefits include,
competitive interest rates (variable rate; prime
+2), unsecured, interest only payments, two years
commitments with renewable options.
Home
Equity Line of Credit
A Home Equity Line of Credit (HELOC) is a must for anyone who
owns a home. Because if competitive pressures,
the HELOC has become the "consumer best buy" in
the financial world. It gives you the opportunity
to establish a line of credit at virtually no
charge. You can use the proceeds for anything
you wish; home improvement, educational expenses,
financial emergencies, etc. or simply have the
funds available for a rainy day.
Our HELOC carry no closing costs and you pay interest on only
funds you use. Other benefits include; a low interest
rate and available funds for any purpose you might
need. Danger! You are using the equity in your house; it is strongly advised
to use funds in a way that will add to your net
worth. Also, variable rates can go up. One of
the advantages of working with Signature Bank
is that we will go over the "pros and cons" of
any account or loan you may have with us.
Auto
Loans
We will structure a loan to purchase an automobile to your
specific needs. Typically an auto loan will be
set up on a payment schedule to follow the depreciation
of the vehicle. An important distinction between
Signature Bank and other is that we finance people,
not vehicles. For example, we have one auto rate
regardless of the vehicle you purchase.
Real
Estate Loans
For construction projects, mortgages, purchasing, or refinancing
rental property it is nice to have a banker
that knows what you will be going through.
Signature Bank is an active lender in this
area and offers several programs.
·Construction- Signature Bank specializes in funding construction
loans for the purpose of building 1-4 family residential
properties for owner occupied or investment properties.
Rates and terms are very competitive and our personal
service can be a benefit for single projects.
·Mini-Perm - We recommend that if possible,
you obtain a traditional mortgage. However, when
a property becomes "non-qualifying" Signature Bank
has a possible solution. We can structure a short
term mortgage designed to bridge the gap from non-qualified
to qualified properties. We would be happy to discuss
the details upon request.
·Mortgages -Traditional
mortgages have changed over the years. With deregulation
of interest rates, most banks cannot offer long
term interest rates. It is now customary for banks
to originate loans and then sell them on the secondary
market. Signature Bank has partnered with seasoned
professionals to open the secondary market to our
customers. With this partnership, we make available
traditional 15 and 30 year mortgages as well as
several variable rate alternatives.
·Home Equity Loan- Unlike Home Equity Lines of Credit, we can also structure a fixed payment
loan utilizing the equity in your home as collateral.
This is an important feature for those who would
like to build discipline in the form of principal
and interest payments into their financial strategy.
·Rental Properties-Many individuals chose to purchase rental property as an investment option.
Signature Bank has several programs available to
help with the purchase of this type of investment.
Because of the many differences with investment
property, we will sit down with the investor and
discuss the best type of loan structure that will
fit their investment objectives.
Shared Money Market Account
Earn higher yields and have access to your funds with a Shared Money Market Account! See Shared MMAProduct Information for details.
Introducing our New Check Collect Service!
This FREE service automatically processes your return checks electronically. Take advantage of our fast, easy, safe and secure service!
