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. |
Contact us today to find out how we can help.
Please click HERE if you are having financial difficulties. | Get Acrobat Reader to access this document