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Home Equity Loan Options The money you need may be in your own backyard. Choice One has both fixed and variable rate home equity loans that can help you consolidate your bills, finance a college education, remodel your home, buy a new car, or provide the money you need for any reason. You can choose from four home equity loan options and a refinancing opportunity - all designed to fit your needs and budget. In most cases, the interest you pay on a home equity loan is tax deductible. It’s the next best thing to a no interest loan! Fixed Rate Home Equity Loans A
Home Equity Fixed Rate Loan lets you borrow a specified amount from
the equity in your home at a fixed interest rate. It is perfect
for those who have one financial goal in mind and want to know exactly
how much it will cost every month until paid. With a choice of loan
limits and fixed terms of five or ten years, one will gives you
the monthly payment that fits your budget perfectly.
A Home Equity Line of Credit lets you borrow money as you need it. You pay interest only on the outstanding balance, no matter how large your credit line is. Pay it back and borrow again and again. As you repay your loan, the principal becomes available again.
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