Charles Schwab Bank Offers Hurricane Katrina Disaster Relief Program
01 September 2005 - 2:00AM
PR Newswire (US)
SAN FRANCISCO, Aug. 31 /PRNewswire-FirstCall/ -- Charles Schwab
Bank today announced a Home Equity Line of Credit (HELOC) disaster
relief program to assist individuals and families affected by
Hurricane Katrina. "We at Charles Schwab Bank want to provide
immediate assistance to those affected by Hurricane Katrina," said
Richard Musci, chief marketing officer. "Many families have
suffered a great loss, and we want to help them begin rebuilding
their lives as quickly and easily as possible." The disaster relief
program will offer up to $25,000, as either a new line of credit or
an increase to an already existing line of credit. The HELOC is
available on a primary or secondary residence, including residences
that have sustained storm damage that normally would disqualify the
property for a line of credit. To apply for the Charles Schwab Bank
HELOC disaster relief program or to get more information, call
1-866-375-6663. In addition to credit underwriting requirements,
the following criteria must be met by applicants in order to
qualify for the Charles Schwab Bank HELOC disaster relief program:
-- Borrower must currently have homeowner's insurance on the
property and provide proof of insurance at the time of the disaster
-- Property must be located in the designated disaster areas as
determined by FEMA -- Borrower must provide a written affidavit
confirming their loss About Charles Schwab Bank Headquartered in
Reno, Nevada, Charles Schwab Bank, N.A. provides checking, savings,
money market and CD accounts, home mortgages, HELOCs, Pledged Asset
Mortgages, credit cards, debit cards, and more. Deposits are
FDIC-insured. Clients can learn more about bank products and
services, including the Schwab Bank Visa credit card and Schwab
Bank Investor Checking, by phone, mail or schwab.com. Charles
Schwab Bank, N.A. is a subsidiary of The Charles Schwab
Corporation. (0805-5442) Charles Schwab Bank, N.A. Equal Housing
Lender (Member FDIC) DATASOURCE: Charles Schwab CONTACT: Lindsay
Tiles of Charles Schwab, +1-415-667-3997, or Web site:
http://www.schwab.com/
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