Holy H.E.L.O.C. Batman! Que es esto! REVISED

[Joshuam R.]

This is my question, I am looking at these two products, what are your thoughts?

Fixed-Rate Equity Loan

The best part about our Fixed-Rate Equity Loan is stability. This is a great option if you’re in need of a specific amount of money for a one-time expense. You'll get a lump sum amount and enjoy a fixed rate for the life of the loan with set monthly payments.

Loan Details:

• Borrow up to 100% of your home's equity
• Min/Max Loan Amount: $10,000 - $500,000
• Fixed rate for the life of the loan
• No application or origination fee

Rate:

APR as low as:5.740%

Term:

5-, 10-, 15-, 20-year

VS

Home Equity Line of Credit

Our Home Equity Line of Credit offers flexibility. If you expect to have ongoing expenses, this option is for you. Borrow as you need, when you need it, up to your maximum credit limit.

Loan Details:

• Borrow up to 95% of your home’s equity
• Min/Max Loan Amount: $10,000 - $500,000
• Variable rate, based on the U.S. Prime Rate
• No application, origination, annual or inactivity fee
• Interest-only option available

Rate:

APR as low as:5.750%

Term:

20-year draw period, followed by 20-year repayment period