Home Equity Options
A home equity line of credit (HELOC) gives a borrower the opportunity to secure a line of credit using their home’s current value. A home equity line of credit is used for purchases like education, home improvements and medical bills. However, you can use the credit anyway you choose.
Home Equity Line of Credit
Use the equity in your home to secure a line of credit. Has a fixed or variable rate for the entire term of the loan. Allows you to borrow money as you need it.
- Fixed or variable rates
- 10 year draw period
- 15 year repayment period
Home Equity Installment Loan
Traditional installment loan financed in one lump sum. Has a fixed rate for the entire life of the loan.
- Fixed rate and term
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