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Description/Features: |
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Home Equity Loans |
- Secured by the equity in your home
- Use funds for any purpose such as home improvements, debt consolidation, major purchases
- Fixed rate & monthly payment
- Variety of terms
- No closing costs or application fees
- Interest payments may be tax-deductible*
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Home Equity
Line of Credit |
- Ready amount of funds to draw on as needed — secured by the equity in your home
- Funds available anytime & can be used for any purpose
- Variable interest rate & flexible repayment terms
- No closing costs, appraisal or application fees
- Interest payments may be tax-deductible*
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Home Equity Line
of Credit Hybrid |
- Combines the benefits of a line of credit & a fixed-rate loan
- Draw on line of credit at a variable rate
- Opt to switch all or part of borrowed amount to a fixed rate & term
- Have funds available to re-use as you pay down the fixed rate portion of this loan
- No closing costs, appraisal or application fees
- Interest payments may be tax-deductible*
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