What's a Home Equity Loan vs. a Line of Credit?
Previous

Home equity lines of credit often have more flexible repayment terms than a standard home equity loan. Home equity loan payments are typically fixed over the repayment period, while a home equity line of credit can offer interest-only payment terms or outstanding balances can be repaid using a variety of repayment strategies.

Use this calculator to compare the differences between a home equity loan and a line of credit.

Next

On a scale from 1 to 5, with 1 being 'Not Good' and 5 being 'Excellent', how would you rate this article?

Press enter to submit your rating

Rate this Article

Use this form to provide additional feedback based on the rating you provided.

Thanks for Rating

Would you like to provide feedback?

Thanks for your feedback!

Article provided by Fintactix

© 2015 Fintactix

The calculations provided by this calculator are based entirely on the information you enter, including any loan amount and/or interest rate. These calculations do not reflect the terms available for any Regions loans or whether you qualify for any Regions loan. Find out more about Regions loans.