Home Equity Loan Comparison
Home Equity Loans vs. Home Equity Line of Credit
Which is best for you?
Making a comparison between home equity loans and a home equity line of credit really
depends on how you plan to use the home equity. Use the simple 3 step process below
to make your home equity loan comparison and determine which is best in your specific situation.
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ONE TIME EXPENSEÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
ONGOING EXPENSES
Step 1)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
* A major purchase                                          Â
* Home improvements
What do you                                                Â
* Down payment on a home                              Â
* Education or medical expenses
need the                                                      Â
* Debt consolidation                                         Â
* A life event like a wedding or new baby
funds for?
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Step 2)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
* Fixed interest rate and term                           Â
* Access to credit as needed
Which features                                            Â
* Fixed monthly payments                                Â
* Re-use funds without reapplying
and payment                                               Â
* Proceeds in one lump sum                             Â
* Low monthly payment options
options do
you prefer?
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Step 3)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
* Home Equity Loans                                    Â
* Home Equity Line of Credit
What's the best                                           Â
* Fixed rate, fully amortized 5-30 year terms     Â
* Variable rate interest only payment with an option to
home equity                                                                                                                          Â
convert any outstanding balance to a fixed rate advance
financing option?                                          Â
* Loan amounts from                                       Â
* Line amounts
                                                                    Â
$30,000 to $1 million                                        Â
from $30,000 to $1million
As a Certified Mortgage
Planning Specialist, I offer an analysis of
your situation today can make suggestions on how small changes in how
your consumer and mortgage debt is structured today can have a life changing effect in the years
to come. Read more
about this free, no obligation service.
Prequalify for your choice
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Apply Online         Â
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