Sample APR assumes a new $ 100,000 HELOC in second lien position with a combined
loan - to -
value (CLTV) ratio
of up to 70 % on a 1 - to 4 - unit owner - occupied primary residence and a borrower with
excellent credit.
LendEDU analyzes each private student
loan provider using the following criteria: communication process with consumers and / or required cosigner, ease
of use when applying, clarity
of necessary disclosures, availability
of 24/7 customer support staff, availability
of customer support channels including but not limited to email, phone, fax, and text, competitiveness
of interest rates offered at a high level and at a credit profile level, wide variety
of terms available, non-financial benefits and services offered, incentives for responsible borrowing, tools to promote educated repayment, relationships with servicing companies, availability
of a soft credit check process, experience industry executives, track record
of excellent consumer happiness,
values upheld by the institutions, and timeline for funding process.
After year ten, policy
loans have a very low interest rate, making this policy an
excellent choice for those who
value tax - deferred cash
value accumulation, with the prospect
of withdrawing cash from the account.