@frugalfreak I see thanks

Need help understanding the different types of Equity Loans offered by PenFed.

Owe 100k on my home. Based on recent comps, it’s estimated at 205k. I would like to renovate kitchen and roof and budgeting 35k. I plan to sell the house in 2 years. If current plans to sell change, I may refinance and get a second home for a rental. Either way would like to pay off credit line at time of closing.
Based on my situation, which one would work best for me?

Home Equity Loan - 60 month, 4.74%, closing cost included (excludes appraisal and notary fees), 85-90% LTV
Home Equity Line of Credit - 4.25% variable apr (prime + 0%), closing cost included (excludes appraisal and notary fees), 80% LTV
5/5 Home Equity Line of Credit - 3.75% variable apr(min rate floor of 3.75% and maximum of 18%, closing cost included (excludes appraisal and notary fees), 75% LTV
Interest Only Line of Credit - 4.25% variable apr (prime + 0%), closing cost included (excludes appraisal and notary fees), 80% LTV

I appreciate the guidance!

New here, not a huge FW user but always went there for finance advice. I’m addicted to SD though. lol

Anyway, I didn’t get the story on why FW is shutting down. I know it was sold to Ratuken but not why it’s shutting it down.