Right Loan
for Your Needs
Mortgage for your needs
Home Loan
Home Loan
| Item | Mortgage Loan | Home Equity Line of Credit |
|---|---|---|
| Use | Purchase of a home or refinance of a home mortgage | A home equity line of credit is a form of revolving credit in which your home serves as collateral |
| Term | Up to 30 years | 10 year draw period followed by a 15 year repayment period |
| Prepayment Penalty | No | No prepayment penalty but early termination fee will apply |
| Interest Rate | Fixed/Variable | Variable |
| Annual Fee | No | Yes |
| Application Fee | No | No |
| Appraisal Fee | Yes | Yes |
| Environmental Report | No | No |
* Mortgage Loan and HELOC are only available in California. | ||
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Consumer Lending Center
(213) 413-HOME (4663)
(213) 252-6400
(866) 654-2664
3737 W. Olympic Blvd.
Los Angeles, CA 90019