A home equity loan or line of credit is secured by the equity in your home. Since the loan is secured by your home, the interest rate is lower than other loan types — use it for major purchases including a new car, home remodeling, college expenses, a much-needed vacation or bill consolidation.
You'll love this low fixed rate loan with a specified repayment term. This loan is great fora one-time expense such as a home remodel, vehicle purchase or debt consolidation.
This variable-rate line of credit is ideal for recurring purchases like continuing home improvements and tuition payments.
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