“I’m looking to consolidate my debt.”
A home equity loan provides you with a fixed monthly payment and fixed rate for the life of the loan. This can help you pay off high credit card debt more quickly at a payment you can afford.
“I have ongoing home improvement projects and need access to my funds.”
With a draw period for up to 15 years, a Home Equity Line of Credit (HELOC) gives you flexibility, access, and convenience.
“I like the flexibility of a line of credit, but I’d prefer a fixed rate.”
Then don’t choose just one. Instead, think about a Fixed-Rate Home Equity Line of Credit with a draw period for two years, followed by a fixed-term home equity loan up to 15 years.
Plus, with each option you’ll enjoy:
- Discounts on closing costs up to $1,000*
- Quick approvals and fast closing times
- Automatic payments
- No application fee