Home Equity Solutions for our Neighbors

How much can I borrow?

HEIL vs. HELOC Home Equity Installment Loan Home Equity Line of Credit
Type of Interest Fixed-Rate Variable-Rate
Repayment Term 5 – 10 Years 15 Years
Payout Lump Sum Revolving Credit
Type of Loan Secured Secured
Best For Debt Consolidation, major renovation costs Intermittent cash needs over a number of years

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