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FlexLine |
Home Equity Line of Credit |
Home Equity Term Loan |
| Interest Rate |
Low rate based on Prime. FlexLine gives you the flexibility to convert any portion of your line balance to a fixed rate loan. |
Low rate based on Prime. |
Low, fixed rates |
| Payments |
Flexible payment terms |
Flexible payment terms |
Principal and interest payments based on an amortization schedule |
| Proceeds |
Access your money anytime you need it by check, telephone, in person or online |
Access your money anytime you need it by check, telephone, in person or online
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Disbursed in one lump sum at loan closing |
| Uses |
Ideal for someone who wants ongoing access to funds for both immediate and future borrowing needs...AND who also wants the capability to convert line of credit balances to a fixed-rate, fixed term loan
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Ideal for someone who wants ongoing access to funds for both immediate and future borrowing needs
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Best for someone who is making a one-time purchase |
