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Home Equity Line of Credit |
Home Equity Loan |
| What is it? |
It is a line of credit based on the equity in your home that you can use for whatever you like, whenever you choose. |
It is a loan based on the equity in your home. You get the money all at once and then pay it back in easy, fixed monthly installments. |
| Interest Rate |
- Variable based on the Prime rate.
- Only pay interest on the portion of the line you use.
- Interest may be tax deductable.
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- Low fixed APR for the life of the loan.
- Choose from a choice of terms from 5 to 15 years.
- Interest may be tax deductable.
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| Access to Funds |
Access funds as you need them with your line of credit check book. |
Receive entire loan amount at account opening. |
| Payment Options |
Interest only payment.
Auto debit from checking or savings account. |
Auto debit from checking or savings account. With auto debit agreement you can receive our best rates. |