Home Equity Loan vs. Line of Credit
Home Equity Loan
Our Home Equity Loan gives you predictable monthly payments so you can manage your budget.
- Low, fixed rates
- Flexible terms, up to 15 years
- Convenient lump sum disbursement
Home Equity Line of Credit
Our Home Equity Line of Credit (HELOC) can be a great solution if you aren’t sure how much money you need to borrow for upcoming projects, or if you want to consolidate debt. And as you draw the funds you need, you’ll only pay interest on the amount you’ve advanced, rather than the full amount of the loan. Our low, minimum payments can help you budget for expenses, and as you pay down the loan balance the funds will become available for use again.
- Low, variable rates
- Terms up to 10 years
- Draw funds as needed