How do I choose between an equity loan and line of credit?

Each type of loan has its benefits depending on what you’re looking for. For example, the Home Equity Line of Credit (HELOC) gives you the flexibility to use the funds on an “as-needed” basis. On the other hand, the Home Equity Loan gives you a one-time draw with a fixed rate that is especially useful for a large initial purchase. Our Home Equity experts are ready to help you find the solution to fit your need.