Home Equity Lines of Credit (HELOC)
- Amortized over 10 or 15 years with a 5 year draw period
- Variable rate attached to Prime as low as 5.25% APR
- Can advance funds directly into RMCU accounts via online banking or write checks
Home Equity Loans
- 5, 7, 10, and 15 year amortization
- Fixed rates as low as 3.99% APR
- Full balance of loan disbursed at closing
Would you like further information on the difference between HELOCs and Home Equity Loans?
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