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Compare Home Equity Loan Accounts

See how they compare side-by-side.

Second mortgage

HELOC

Type
Closed end loan
Revolving line of credit
Term
5, 10, 15 years
5 year draw period
Rate
Fixed for entire term
Variable based on Prime Rate
Interest only payments
No
Yes
Monthly payments
Fixed for entire term
Variable based on balance

Heartland Credit Union will be closed Thursday, June 19th, for the Juneteenth Holiday. Digital Banking is available 24/7.

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