What is a Fixed Rate Home Equity Loan (HELOAN)?
A Fixed Rate Home Equity Loan is secured by your home, with a consistent monthly payment on a fixed amount, at a fixed rate over a fixed period. The monthly payment includes principal and interest throughout the term of your loan.
Which is better- A HELOC or Fixed Rate Home Equity Loan (HELOAN)?
A Home Equity loan is best if you prefer fixed monthly payments and know the exact amount of money you need. On the other hand, a Home Equity line of credit (HELOC) is a better fit for financial needs spread over time, or if you want flexible access to your equity that you can pay off quickly
Ready to apply?
To apply for a Fixed Rate Home Equity Loan (HELOAN) speak with one of our AHCU Representatives.
Call: (407) 303-1527 Option 2.
Chat: AHCU.CC (website)
AdventHealth Credit Union (NMLS#365069)