Your home is more than a roof over your head.
It gives you flexibility.
At TruChoice, we offer Home Equity Loan options that provide flexibility for you and your family. Whether you're looking to consolidate debt, do home renovations, cover a large expense, or anything else that's important to you, you can use the equity in your home to finance it.
Home Equity loans are available to homeowners whose current home has a market value that is higher than what is owed on the home. TruChoice offers Fixed Rate Home Equity Loans and Variable Rate Home Equity Lines of Credit.
Fixed Rate Home Equity Loan
A Fixed Rate Home Equity Loan is a closed-end loan - it has a set term. Your interest rate and term length is determined when you take out the loan, and remains fixed for the entire loan term.
Variable Rate Home Equity Line of Credit
A Variable Rate Home Equity Line of Credit is an open end line of credit. The amount of the line is determined when you take it out, and you can continue to 'draw' off the line for as long as it's open. Your interest rate is variable, and can fluctuate quarterly due to changes in the Prime Rate.
Want to learn more about Home Equities?
Check out our blog post here
for an FAQ to get you started!
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