Home Equity Comparison

Homeowners that want the flexibility to borrow when and if funds are needed.

Homeowners that have a one time borrowing need and want a predictable monthly payment.

Making home improvements, home repairs, purchasing an auto or any other major purchase, education, medical bills, bill consolidation or just to have available in case of emergency.

Making home improvements, home repairs, purchasing an auto or any other purchase, education, medical bills, or bill consolidation.

Convenience of borrowing when you need it, as you need it, 24/7, by writing a check from your account or making an on-line transfer. Allows access to funds up to the established credit limit for a 10 year draw period.

Entire loan amount is given in one lump sum.

Variable Rate based on a percentage over/under Prime Rate. Also contains the option to lock in all or part of the outstanding balance at a fixed rate of interest.

Predictable Rate and Term (rate can only change if automatic payment election is discontinued).

$10,000 - $750,000

$10,000-$750,000

Interest Only or Principal and Interest. Option can be changed every 12 months.

Principal and Interest.

Interest paid may be tax deductible.

Interest paid may be tax deductible.