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Home Equity Loan Test

Save on taxes and interest with home equity borrowing. See if you're in a good borrowing position with our Home Equity Loan Test. Just choose the answer that best describes your situation by clicking on the circle beside that answer. Scroll to the bottom of this page when you are finished answering all questions, to see your score and review what that score means to you.

Pending	How many dependents do you have, including yourself? One  Two  Three Four Five+
Pending	What is the overall condition of your home? Poor  Fair  Good Very Good Excellent
Pending	How many years have you lived at your present address? Under 2 Years  2-4 Years  5-8 Years 9-14 Years 15+ Years
Pending	What is your Gross Monthly Income? < $1,500  $1,501 - $2,500  $2,501 - $3,500  $3,501 - $5,000  $5,001+
Pending	How many years have you been with your present employer? Under 2 Years  2-3 Years  4-6 Years 7-10 Years 10+ Years
Pending	How many years were you with your previous employer? Under 1 Year  1-3 Years  4-6 Years 7-10 Years 10+ Years
Pending	What is the percentage of your monthly income that remains after paying all of your expenses? < 10%  10-15%  16-25% 26-33% 34+%
Pending	Do you have a checking account with Central Virginia Bank? Yes  No
Pending	Do you have a savings account with Central Virginia Bank? Yes  No
Pending	Do you have an IRA account with Central Virginia Bank? Yes  No
Pending	Do you have a CD with Central Virginia Bank? Yes  No
Pending	Do you have another loan with Central Virginia Bank? Yes  No

-- You must answer the questions above to see your score --

If You Score...

What Your Score Means

Over 21 points

You could be eligible for substantially more credit with a Home Equity Loan than other forms of borrowing, depending upon the amount of equity in your home. A lower score simply means that one of our lending officers will need to work a little harder to try and find a way to approve your loan request. With Home Equity Borrowing, you'll probably save on taxes and interest, too. (Of course, you'll need to consult your accountant or tax advisor.)

This chart is for your information only. Loan self-tests do not include all of the factors we consider in evaluating a loan request such as your payment history and your ability to meet your monthly obligations. We reserve the right of final loan approval.

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