- The security of a fixed rate which will never change during the term of your loan
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- Variable interest rate which is lower than most credit cards, but that changes as the Prime Rate changes
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- With fixed monthly payments, you'll know exactly how much you owe each month
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- Payments vary based on interest rate at the time of repayment and amount drawn
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- Receive the entire loan amount up front to use for a specific purpose
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- The convenience of a revolving line of credit, so you only access what you need. The rest offers a safety net for unexpected future expenses.
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- Great for debt consolidation, college tuition, vehicle purchase, substantial home improvements or other purchases
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- Great for ongoing expenses like remodeling your home, paying for college tuition, and as a safety net for the unexpected
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- Minimum term period of 1 year; maximum term period of 15 years
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- 10-year draw period and 10-year repayment period, which means you can use the line of credit for 10 years, and then enjoy a flexible 10-year repayment term
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