所有的贷款都有利有弊, 尤其是在支付主要开支的时候. Both of the home-equity options allow you to borrow against the appraised value of your home, 在你需要钱的时候给你钱. 以下是一些不同之处:
Home Equity Loan
房屋净值贷款更像你原来的房屋抵押贷款. You borrow a specific amount, and then you make regular payments during a fixed repayment period. You apply for the amount you need and receive the money upfront in a lump-sum single payout. Interest rates are fixed over the life of the loan so your payments never change.
房屋净值信贷额度
与传统贷款不同, a home equity line of credit is something you establish ahead of time and use when and if you need it. In that way, it’s similar to a credit card, except with a HELOC, your home is used as collateral. 您可以根据需要从HELOC中获取或多或少的信息, whenever you need it, 以结算时确定的信用额度为限. A HELOC gives you the flexibility to borrow against your home equity, repay and repeat. Interest rates are variable and often lower than a home equity loan.
使用下面的图表来确定哪个更符合您的需求. As always, your support team at Elements is ready to help you find the product that is best for you—just give us a call at 1-317-542-5055.
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Home Equity Loan |
房屋净值信贷额度 |
What It Is
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用你家里的资产来贷款
Loan for a set amount |
用你家里的资产来贷款
循环信贷额度为10年提取-使用,偿还,重复 |
Key Benefits
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Fixed monthly payments |
Lowest interest rate |
APR
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10-year fixed: 8.777%
15-year fixed: 8.977% |
Intro APR for 6 months: 5.99%1
6个月后的可变年利率:低至8.50% |
一个很好的选择,为重大或意外购买,如果你
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Own your home
想要一次性一次性支付
想要锁定固定利率
想要可预测的月供保持不变 |
Own your home
想要在需要的时候灵活地使用资金
Want a lower payment |
Can Use It For
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最适合购买以下物品:
-计划的家居改善项目 - College - A second home - Debt consolidation |
Anything! Purchases such as:
- Unexpected emergencies - Home improvements - College - That big vacation - A new car - A second home - Debt Consolidation |
No Prepayment Penalties
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No Annual Fee
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Available Amounts
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不管你在家里有多少资产 |
不管你在家里有多少资产 |