Home Equity Line of Credit

• Access funds as needed during the draw period
• Home Equity Line of Credit
• Flexible repayment options, including interest-only payments
• Typically lower interest rates compared to credit cards and personal loans
• Potential tax benefits on interest payments (consult a tax advisor)

• Homeowners with ongoing or unpredictable expenses
• Borrowers who want the flexibility to withdraw funds over time
• Those looking for an alternative to high-interest credit cards

Home Equity Loan

• Fixed interest rate and predictable monthly payments
• One-time lump sum payout for immediate use
• Keep more money in your pocket
• Potential tax-deductible interest (consult a tax advisor)

• Large, one-time expenses such as major home renovations
• Consolidating high-interest debt into a lower, fixed-rate loan
• Those who want financial stability with fixed payments

Cash-Out Refinance

• Refinance your mortgage while accessing cash at closing
• Combine home equity borrowing with a new mortgage loan
• Interest may be tax-deductible (consult a tax advisor)

• Homeowners who want to change their mortgage terms while accessing equity
• Borrowers needing a large lump sum for major expenses