Home Equity Line Of Credit Rates. If the bank in this specific example would offer a home equity line of credit for up to 90 the homeowner would then have access to 180 000. 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.
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. Prime rate published in the wall street journal prime 3 25 as of 9 21 2020. The apr will vary with prime rate the index as published in the wall street journal.
Home equity line of credit.
The following discounts are available on a new home equity line of credit heloc. Home equity line of credit. There are reasons lenders limit the amount of equity that can be used for a home equity line of credit. A home equity line of credit heloc can be useful if you re planning a major project with multiple expenses or if you want ongoing access to funds.