Home Equity Lines & Loans
A home equity loan or line allows you to take advantage of the equity you have built in your home for your other financial needs. Home remodel, check. Kid off to college, check. Need to consolidate debt, check.
UNIFY offers low fixed rate home equity loans or variable rate home equity lines of credit, also known as a HELOC. Review your options below and decide which home equity loan/line is best for you.
Home Equity Line of Credit (HELOC)
Enjoy our FLEX-Rate HELOC
Enjoy a variable rate line of credit² with a fixed-rate loan lock option³. And take advantage of interest-only payments during the draw period!
IDEAL FOR: Borrowers who want the flexibility to handle recurring expenses, such as home improvements.
- Up to 90% combined loan-to-value (CLTV) financing
- $10,000 to $250,000 loan amounts
- 15-year draw period and 15-year repayment period²
- Fixed-rate loan lock option as low as 8.99% APR³
Home Equity Loan
Get a fixed-rate loan with all your funds in a lump sum and consistent monthly payments.
IDEAL FOR: Borrowers looking to cover a one-time, large expense like a major home remodel, emergency expenses, or debt consolidation.
- 5, 10, and 15-year terms1
- Up to 80% combined loan to value (CLTV) financing1
- $10,000 to $250,000 loan amounts1
- Fixed rates as low as 8.99% APR
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Which is better, a HELOC or home equity loan?
Still not sure which home equity product is for you? Compare them below.
|Home Equity Loan||Flex Rate Home Equity Line of Credit (HELOC)|
GREAT IF YOU
Want a one-time, lump sum to cover a large expense, such as a major home remodel, vehicle purchase or debt consolidation.
Need flexibility similar to a credit card to handle recurring expenses, such as home improvements.
ALSO GOOD IF YOU
Want the predictability of fixed payment and end date.
|Want an extended period of interest-only payments.4|
|BORROW UP TO…||80% combined loan to value (CLTV) financing.||90% combined loan to value (CLTV) financing.|
|AMOUNTS OF||$10,000 to $250,000.5||
$10,000 to $250,000.5
5, 10 or 15 years
|15-year draw period, 15-year repayment.4|
|INTEREST RATE||Low fixed rate.||
Low variable rate.4
|LOCK-IN||Up to 3 fixed-rate loan locks, each for a minimum of 60 months.6|
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