This is a conventional loan with a set amount borrowed for a specific period. Your interest rate will be fixed for the life of the loan.
Line of Credit
This is a revolving line of credit, meaning that money can be borrowed, repaid and borrowed again, up to the approved limit during the draw period.
*See lender for details and disclosures for applicable closing costs that can be covered under this promotion. Maximum amount that can be paid by the lender under this promotion is $175, no credit will be provided back to the borrower if total closing costs are less. Rates vary based on creditworthiness and product selected, contact us for more details. Promotion availability subject to change without notice. Equal Housing Lender. Federally Insured by NCUA.