| HOME EQUITY LOAN |
HOME EQUITY LINE OF CREDIT |
EXPRESS MORTGAGE ² | |
|---|---|---|---|
| Best if you need: | One-time loan for a specific amount that you receive in a lump sum. | Access a revolving line of credit with the flexibility to meet needs as they arise. | A fixed-term loan in first lien position. Loan features a quick, easy application with no closing costs. |
| Interest Rate Type: | Fixed interest rate. | Variable interest rate is based on the published Prime Rate and may change monthly. | Low fixed interest rate. |
| Repayment: | In fixed monthly payments based on the amount borrowed and the interest rate for the life of the loan. | In variable monthly payments based on the amount outstanding and the current Prime Rate. As the line of credit is repaid, funds become available for reuse. | In fixed monthly payments based on the amount borrowed and the interest rate for the life of the loan. |
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Rockland Trust makes it easy to manage all of your accounts with our simple online portals.
