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 is determined at the time of the application and remains fixed throughout the term of the loan.
Variable Rate Home Equity Line of Credit
A Variable Rate Home Equity Line of Credit is an open-end loan. Your interest rate can fluctuate quarterly and you can continue to borrow against the equity in your home up to your credit limit. Home equity checks are provided for easy access to your credit line.
Apply online today or learn more about Home Equity Loans: