A Home Equity Line of Credit is a line of credit that can be used as you need it. You can use any portion of it at any time and pay it back at any time. The interest rate is usually variable and is usually tied to the prime rate.

The most common reasons for an Equity Loan are:

• Home improvements
• Debt consolidation

A closed-end home equity loan, or term loan, is provided to you as a one-time lump sum that is paid off over a set period of time, with a fixed interest rate and equal payments each month. Once you get the money, you cannot borrow further from the loan.


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Kingside puts you in the driver's seat by letting you borrow up to 100% of your home's value.*

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