| 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. |
Rockland Trust Online Banking gives you a variety of services that help you use and manage your accounts, whenever and wherever you want.
Rockland Trust makes it easy to manage all of your accounts with our simple online portals.
