With variable-rate and fixed-rate advance (FRA) options, our home equity line of credit may be a good option if you want to make home improvement or finance major purchases.
- Interest-rate options. You can decide whether to stay with a variable-interest rate or convert to a fixed-rate advance option without refinancing.
Payment choice. Select a fixed-rate advance option with a range of payment terms or choose the variable-rate option.
Closing cost options. Select the home equity closing cost option that meets your needs.
Potential tax benefits. Unlike personal loans or credit cards, the interest on your home equity financing may be tax deductible.