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Home Equity Loans and Lines Comparison Chart

 

  Home Equity Line of Credit

Click here to apply now!		 Home Equity Loan

Click here to apply now!
Interest Rate

Variable

Fixed
Auto Debit Discount? No Yes
Pay interest only on amount used?

Yes

No
Maximum Term

2 Plans:
15 year with 7 year draw. Interest only payments during draw.

10 year with 8 year draw. Principle plus interest payments during draw.

up to 15 years.
Tax advantages
(Ask your tax advisor)

Interest may be tax-deductible.

Interest may be tax-deductible.

Click here for assumptions and examples.

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