Get your funds within 24 hours. Up to $15,000 for any project improving your home (landscaping, remodeling, room additions, pool, etc.)

A loan for a specific amount with a set rate and fixed monthly payments. This may be your best option if you know exactly how much you need and want to have monthly payments that are fixed for the term of the loan. Use proceeds for any purpose!

A revolving line of credit that you can draw against as you need the money. As you repay what you've used, you have it available to use again. Use proceeds for any purpose!

N/A

Up to 80% of the Fair Market Value minus the balance of any prior liens

Up to 80% of the Fair Market Value of your home minus the balance of any prior liens, or 50% of the home's Fair Market Value, whichever is less

Fixed rate up to 5 years

Fixed rate and term*

The interest rate varies based on Wall Street Journal Prime plus the Margin*

Ease of budgeting with fixed monthly payments

Ease of budgeting with fixed monthly payments

Monthly payments are 1.50% of balance owed at the time of an advance. Interest accrues on the amount you borrow, not the entire credit line.

$10,000

80% of the Fair Market Value less any liens

80% of the Fair Market Value less any liens or 50% of Fair Market Value; whichever is less

No minimum

$5000

$4000

Borrow once and pay off. Re-apply to borrow more at any time

Borrow once every 12 months and pay off. Re-apply to borrow more

Flexibility to re-borrow without having to re-apply

YES

YES

YES

None

Closing Costs: $100-$125

For loans over $100,000 an appraisal fee may be required: $325-$400

Closing Costs: $100-$125

For loans over $100,000 an appraisal fee may be required: $325-$400