Home Equity Loan or Line of Credit?

Loan Information
$
Equity Loan
%
Line of Credit
%
$
Printer-friendly version
Home Equity Payment Summary
Home equity lines of credit often have more flexible repayment terms than a standard home equity loan. Home equity loan payments are typically fixed over the repayment period, while home equity lines of credit can offer interest-only payment terms, or outstanding balances can be repaid using a variety of repayment strategies.
These bright tools are here to shed a little light on your finances, but they’re just for guidance. For any tax or investment advice, please speak to your advisor. All final loan terms will be based on the borrower’s credit worthiness.