Consumer Loans • Real Estate / Mortgage Loans • Personal Financial Management
Credit Insurance • Credit Tips • Loan Applications

Consumer Loans

• Automobile loans
• Boat loans
• Credit cards
• Debt consolidation loans
• Lines of credit
• Overdraft protection
• RV loans
• Tuition loans

Real Estate / Mortgage Loans

Buying a new home or refinancing an existing mortgage? Purchasing a lot for the future or remodeling your current home? Coastal Commerce Bank offers a variety of mortgage products to meet your individual situation.

• Construction loans
• Home equity loans
• Home equity lines of credit
• Home improvement loans
• Lot loans
• Conventional fixed rate mortgages
  • Purchases, rate/term refinance, cash out refinances
  • Fixed rates, adjustable rates, balloons
  • 10 to 30 year term options
  • Up to 107% financing
  • Single family, condominiums, multi-family, manufactured homes
  • Primary residence, second homes, investment properties
• Expanded mortgage products
  • Jumbo loan amounts
  • Slow credit and bankruptcy programs
  • Stated income

If you have questions regarding your consumer loan needs, contact one of our experienced lenders. Visit our Financial Tools  page to help determine your borrowing capacity.

To update your personal financial information, click here to access our personal financial statement form.

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Personal Financial Management

Credit is a part of life and maintaining a solid credit history is imperative. Your credit report will tell a lender:

• Past payment history
• Outstanding balances
• Length of time credit has been established
• Number of inquiries to your credit history
• Collection items, liens, judgments or bankruptcies
• Current and previous addresses as well as employer information

To request your personal credit report, click on Credit Bureau

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If you’ve received your credit report and don’t quite understand what it means, stop by any of our branch locations and we’ll help you evaluate where you stand.

Review your credit report to make sure all the information is accurate. Report any inaccuracies to the credit bureau immediately.

Credit Tips
Protect Your Credit

If you’ve had trouble with your credit for whatever reason, be patient, there is a light at the end of this tunnel. Repairing damaged credit is a challenge, but there are ways to improve your credit rating:

• Pay your bills on time, don’t skip payments, pay more than the minimum.
• Don’t exceed your credit limit. Creditors compare your outstanding balance to your credit limit. It can damage your score to be at or near your limit.
• Stop using your credit cards. Limit your spending so you don’t further extend your credit obligations. Don’t necessarily close them, making timely payments will help re-establish your credit. With damaged credit, you’ll have a harder time getting new credit extended.
• It’s not a good idea to have too many or too few credit cards. Two to four is best.
• Determine where you stand. Make a chart: identify all your debts, amount owed, rate you’re paying, and time of month payment is due. Pay down your debts - start by paying off those with the highest interest rate.
• Get a game plan, make a budget and stick with it. Keep track of your spending and get your finances under control.
• Negotiate with creditors to get a better interest rate. Contact your creditor, describe your situation and make payment arrangements.
• Limit additional requests for credit. Your credit file will show the number of inquiries into your credit. Too many can hurt your credit rating.

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Credit Card Payoff Calculator

Manage Debt

Money 101

Avoid credit card hopping. Frequently switching cards for better rates can damage your credit rating. Protect yourself by reading the terms carefully.

• Low introductory rates are usually a short-term rate. Make sure to ask how long the introductory rate lasts and what does the rate change to after the introductory period.
•  Avoid balance transfer fees. Compare the balance transfer fee to the amount you’re saving with the lower interest rate. You’re not always gaining.
• There may be a separate rate for transfers and for purchases. Cash advances will have a much higher interest rate.
• Ask if there is an annual fee.
• Be careful to make your payments on time. The special rate usually switches to a much higher default rate even if you pay late once.
• Repeatedly transferring balances can damage your credit. Each time you open a new card a credit inquiry is made. Too many inquiries on your report will lower your score. It helps your credit to show clean payment history over a longer period of time. Opening and closing cards shows a shorter period of payment history.

The best way to free up debt is to eliminate it altogether. Stick with a credit card with the lowest, long-term fixed rate.

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Credit Life and Accident & Health Insurance

Insure your loan for peace of mind and family protection. In the event you should die or become disabled, the financial commitment you made on your loan still remains. Credit insurance gives you peace of mind by relieving you and your family of the burden of unpaid debt. Give yourself a sense of security knowing you’re protecting your most important asset – your ability to earn income.

• No medical exam is required.
• Not restricted to non-smokers or by occupation.
• All qualified ages (18 – 70) receive the same rate.
• Offers immediate protection. Once approved, coverage is effective as soon as your loan is signed.
• It’s easy and convenient because your premium is included in your monthly payment.
• Benefits are not taxable.
• If you pay off your loan early, you will receive a refund of your unused premium.
  

When you are totally disabled due to a covered illness or injury, your credit health & accident insurance will make your monthly payments for you. Benefits continue until your doctor releases you from total disability or you return to work.


Credit insurance products are:
NOT FDIC insured.
NOT a deposit to or obligation of Coastal Commerce Bank.
NOT insured by any federal government agency.
NOT guaranteed by Coastal Commerce Bank.

Loan Applications

The type of loan application you need to fill out is determined by the type of loan you are requesting.

A real estate loan application is needed for any loan involving real estate whether it be real estate as collateral or to purchase real estate.

Loans not involving real estate should be applied for using this consumer loan application.

Either form used should be filled out and mailed to P. O. Box 4177, Houma, LA 70361. One of our lenders will get in touch with you to discuss your needs. If you prefer, you may dropped off your completed application at any of our three branch locations.

Consumer Loan Application
Real Estate Loan Application

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