Compare Home Equity Loans and Lines

	Home Equity Loan	Home Equity Credit Line	Homeowner Consumer Loan	Special Home Improvement Loan
Used For	Home improvements , educational expenses, just about any large expense. Good for when you know exactly how much money you need.	Home improvements, educational expenses, just about any expense large or small. Borrow only what you need when you need it; good for when you're not sure exactly how much you'll need, or when.	For smaller home improvement projects, or when you only need to borrow smaller amounts for just about any reason.	For home improvement expenses. Limited to low and moderate income borrowers.
Rate Type	Fixed	Variable and adjusts with the Prime rate as published in the Wall Street Journal.	Fixed	Fixed
Amount You May Borrow	Up to $500,000	$10,000 to $500,000	Between $2,000 and $10,000	Maximum $5,000
Terms	Up to 30 years	No maturity date. Available for as long as you own your home.	Up to 5 years	Up to 10 years
Availability	New York and New Jersey	New York and New Jersey	New Jersey only	New Jersey only

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