Home Equity Product Comparison

If you have equity in your home and need money for major life expenses, then a , , or from Bank of Internet USA might be ideal for you. Find out which of these Home Equity Products will best allow you to meet your financial goals by using the Home Equity Product Comparison Table below.

Possible uses Flexible access to funds for multiple expenses Cash paid out at once for multiple uses Cash paid out at once for multiple uses
Features
Account type Line of credit with variable-rate advance options Fully amortized loan with a fixed monthly payment Fully amortized loan with a fixed monthly payment
Access to funds Access to funds anytime during 10 year draw period Cash paid out one time and can be used anytime Cash paid out one time and can be used anytime
Interest rate Variable Fixed Variable and fixed-rate options
Loan amount range $30,000 - $250,000 $30,000 - $250,000 Up to $5,000,000
Fees Bank of Internet USA will pay up to $750 in closing costs
Bank of Internet USA will pay up to $750 in closing costs
Dependent on program
Payment option Interest only payment during 10 year draw period
Principal and interest payment Principal and interest payment
Loan term 10 year draw period followed by a 10 year repayment/amortization period
10 & 15 year terms available 30, 20 and 15 year fixed options, and fixed-period ARM programs available
Benefits
May be a good choice if you’re looking for: Cash for multiple expenses. Flexible access to funds anytime. Convenience of a debit card A stable fixed rate. Fixed monthly payments Cash for multiple expenses without having to take out a second loan

Benefits of Working with Bank of Internet USA

For further information about the Home Equity Product options available from Bank of Internet USA, please contact us by phone at 1-888-546-2634 or by email at .