Decision support

Compare Sky loan types at a glance

Use this matrix to narrow collateral, rate behavior, and typical funding speed. It does not replace personalized pricing—your banker will align program choice with tax, estate, and cash management plans.

Choosing between loan types — Large expenses can be funded multiple ways—structure matters as much as rate.

Product comparison

Product	Collateral	Rate type	Typical use	Learn more
Mortgage purchase / refi	Real estate	Fixed or ARM	Buy, rate/term, cash-out	Mortgages
HELOC	Real estate (2nd lien)	Variable (index + margin)	Renovation, staged draws	Home equity
Auto loan	Vehicle title	Fixed	Dealer or private party	Auto
Personal loan	None	Fixed	Consolidation, planned expense	Personal
Debt consolidation	None	Fixed	Pay down cards or installment debt	Consolidation
Personal line of credit	None	Variable (index + margin)	Revolving liquidity	Line of credit
Student loan	None (cosigner common)	Fixed / hybrid	In-school gap, refinance	Student

ARM vs fixed mortgage — ARMs trade initial savings for future reset risk—model worst-case caps.

Fixed vs. adjustable mortgages

Fixed rates offer payment certainty; ARMs can make sense when you plan to sell or refi before adjustment. Sky shows index, margin, and periodic caps in plain language.