Personal Banking

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.