Home Equity Comparison Sheet
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Home Equity Loan |
Home Equity Line of Credit |
Ideal For
Homeowners* who: |
- have a one-time only need and anticipate no future expenditures.
- prefer the security of a fixed rate loan.
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- like the convenience of not having to apply for another loan for the term of the credit line.
- prefer a variable rate.
- prefer the use of line of credit checks.
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| Terms Available |
- Loan amounts from $10,000 to $500,000 for qualified applicants.
- 1** Flexible terms of 5 to 20 years.
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- Line amounts from $10,000 to $500,000 for qualified applicants.
- 2** 10 years line access. 20 years repayment.
- Life insurance in New York State only.
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| Enjoy These Features |
- Borrow up to 100% of your equity for qualified applicants.
- Lock in a competitive rate.
- Budget for repayment.
- 1** Pay no closing costs if account is open 3+ years.
- Interest may be tax deductible. Consult your tax advisor.
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- Borrow up to 100% of your equity for qualified applicants.
- Use the money you need, when you need it.
- Obtain the money you need simply by writing checks.
- Save money with a variable rate.
- 2** Pay no closing costs if account is open 3+ years.
- Interest may be tax deductible. Consult your tax advisor.
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*1-4 family owner occupied.
1** Click here for Home Equity Loan Disclosure
2** Click here for Home Equity Line of Credit Disclosure
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