Loan Comparison
 
   Home Equity Line of Credit Home Equity Loan
Accessing your equity Borrow and repay your equity like a revolving credit line up to an approved credit limit. Receive your equity in one lump sum amount
Payments and interest rates Payment amount based on the amount borrowed. Interest rate is variable. Both your payment and interest rate are fixed over a specific period of time.
Uses for equity Home improvement, debt consolidation, travel purposes. Purchase of second property or other specific purpose