Use the easy comparison chart below to help you determine if a home equity loan
or line of credit is right for you.
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If you are looking for...
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the safety and security of a fixed rate, term, and monthly payment amount.
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a flexible revolving credit line that allows access to funds whenever you need them
at a low variable rate.
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Recommended for...
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Immediate borrowing needs
- Debt consolidation
- Major purchase
- Home remodel
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Long term access to credit funds
- Debt consolidation
- College tuition
- On-going home improvements
- Unplanned expenses
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Interest Rate
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Fixed rate
Get Details
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Variable rate with a fixed rate option
Get Details
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Tax Deductible Interest
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Yes – consult your tax advisor
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Yes – consult your tax advisor
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Fees
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- No application fee
- Closing costs may vary
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- No application fee
- No closing costs*
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Discounts
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.25% interest rate discount with convenient automatic payment from a Susquehanna
deposit account
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.25% interest rate discount with convenient automatic payment from a Susquehanna
deposit account
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Terms
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A range of monthly payment terms available
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Convenient draw period followed by an extended repayment period
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Repayment
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Fixed monthly payment for the life of the loan
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Interest only during draw period, .556% of outstanding balance plus interest during
repayment period.
Minimum payment $100
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Additional Repayment Options
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Select bi-weekly payments to pay down balances faster and reduce interest charges
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Lock in all or a portion of the outstanding balance for a fixed rate, payment, and
term
Take advantage of up to 3 lock in options at any one time
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Easy Access
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View account information and make payments with:
- Internet Banking
- Mobile Banking
- By phone
- In branch
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Access funds, view account information, and make payments with:
- Home Equity Line of Credit checks
- Internet Banking
- Mobile Banking
- By phone
- In branch
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*Title insurance is not included in the Lender paid closing costs for
loans over $250,000. For properties located in the state of Maryland, if the line
is terminated within the first 30 months, all Lender paid closing costs estimated
between $702.00 and $1,826.00 (estimate for a $100,000 line, varies by county) must
be reimbursed to the Lender.
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