You have five options:

Tenure - equal monthly payments as long as at least one borrower lives and continues to occupy the property as a principal residence.


Term - equal monthly payments for a fixed period of months selected.
 

Line of Credit - unscheduled payments or in installments, at times and in amounts of borrower's choosing until the line of credit is exhausted.
 

Modified Tenure - combination of line of credit with monthly payments for as long as the borrower remains in the home.
 

Modified Term - combination of line of credit with monthly payments for a fixed period of months selected by the borrower.