Regions | Line vs. Loan Comparison

At Regions Bank we believe life is an adventure and we want to be there to assist you every step of the way. Whether those steps lead you to creating that dream kitchen or buying a new convertible, the equity you have built in your home can provide you with financing options.

Home Equity Line vs. Home Equity Loan Comparison

Features and Benefits	Home Equity Line	Home Equity Loan
	APPLY NOW	APPLY NOW
Use	Reusable line of credit secured by a home; funds can be used for any purpose – college tuition/expenses, home improvements, vacation, etc.	Loan secured by a home; funds can be used for any purpose – college tuition/expenses, home improvements, vacation, etc.
Monthly Payments	Flexible, based on current outstanding balance	Predictable fixed payments
Rate Options	Variable	Fixed
Term Options	20 years ¹	Payments Amortized up to 15 years ²
Access to Funds	Easy access to approved funds by convenience check, Visa Platinum Access card, online, phone, or at branch	Funds received in one lump sum
Loan Amount	$10,000 minimum $650,000 maximum	$10,000 minimum $650,000 maximum
Loan to Value Ratios	Up to 100% Loan to Value ¹	Up to 100% Loan to Value ²
Interest may be tax deductible	Yes ¹	Yes ²
Closing Costs	No Closing Costs ¹	Closing Costs Apply ²
Other Fees	$50 annual fee ¹	Fees vary by state ²

¹Home Equity Essentialine Disclosure
²Home Equity Loan Disclosure

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