Bank Of America Home Equity Line Of Credit Rates. 1 an auto pay discount of 0 25 for setting up automatic payment at or prior to heloc account opening and maintaining such automatic payments from an eligible bank of america deposit account. The following discounts are available on a new home equity line of credit heloc.
2 an initial draw discount of 0 05 for every 10 000. Helocs have a 10 year. 2 an initial draw discount of 0 05 for every 10 000 initially withdrawn at account opening up to 0 75 for initial draws of 150 000 or more when that minimum balance is maintained for at least the.
You may convert a withdrawal from your home equity line of credit heloc account into a fixed rate loan option resulting in fixed monthly payments at a fixed interest rate.
2 an initial draw discount of 0 05 for every 10 000 initially withdrawn at account opening up to 0 75 for initial draws of 150 000 or more when that minimum balance is maintained for at least the. The minimum heloc amount that can be converted at account opening into a fixed rate loan option is 5 000 and the maximum amount that can be converted is limited to 90 of the maximum line amount. 1 an auto pay discount of 0 25 for setting up automatic payment at or prior to heloc account opening and maintaining such automatic payments from an eligible bank of america deposit account. You may convert a withdrawal from your home equity line of credit heloc account into a fixed rate loan option resulting in fixed monthly payments at a fixed interest rate.