Credit cards are a good thing, but a Home Equity Line of Credit is even better.

A credit card is a revolving line of credit that you use when you need it and make payments only if you use it. But credit cards can come with a high price: Sky-high interest rates.

A Home Equity Line of Credit is like a credit card in that it's a revolving line of credit that you use when you need it and make payments on only if you use it. But, unlike most credit cards, the Home Equity Line of Credit comes with a low price: Rock-bottom interest rates. And, unlike credit cards, the interest paid on a Home Equity Line of Credit is usually tax deductible*.

Two for the price of one It can make sense to take out a Home Equity Line of Credit at the same time you get your mortgage, or when refinancing your current mortgage. It's easy to see why:

• One simple, easy closing for mortgage and line of credit
• Saves time
• Up to $100,000 line of credit
• Low, low, low interest rate
• Make payments only if you use the money
• Revolving line of credit
• Interest paid may be tax deductible*
• Low closing costs**