|HOME EQUITY LINE OF CREDIT||HOME EQUITY INSTALLMENT LOAN|
|Interest Rate Type||Variable—adjusts with Wall Street Journal Prime Rate||Fixed for the life of the loan|
|Best Used For||Home repairs and renovations, debt consolidation, tuition, medical bills, or an emergency fund||Refinancing and replacing your current mortgage to lower your monthly payment or to pay-off your home loan sooner|
|Accessing the funds||Withdraw the funds as needed||Full loan amount is drawn at closing|
|Collateral||Uses your home as collateral||Uses your home as collateral|
|Repayment||You pay on the balance you owe; monthly payment can fluctuate, triggered each time you draw on the loan||Monthly payment stays the same for the life of the loan|
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1Credit cards are issued and serviced by New Mexico Bank & Trust d/b/a HTLF Card Services. Normal Underwriting guidelines apply.
2Normal underwriting guidelines apply.