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Pay off high interest credit card debt.
Consolidate other loans
Pay for a wedding or vacation Use it for home improvements |
HOME EQUITY LINE OF CREDIT
With only one application, a line of credit allows funds to be available as needed up to the term of the loan, generally five years. Once approved, you simply write a check for $500 or up to your available limit. Interest-only or principal payments are made monthly as long as you have a balance. |
FIXED RATE HOME EQUITY LOAN
This is a loan for a specific amount with a fixed term and fixed rate. Specified payments on principal and interest are due monthly. |
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