Your home is an investment.
Make it work for you.
Bank of America offers a Home Equity Line of Credit and a Home Equity Loan. Both products have no application fee, no annual fee and no closing costs1. Plus it's easy to apply since you don't need any paperwork to get started. Bank of America can help you determine whether a Home Equity Line of Credit or a Home Equity Loan is better for you.
With a no fee Home Equity Line of Credit, you can:
- Online anytime, any place
- With convenience checks
- With your home equity line of credit Visa® access card2
- By visiting any of our 6000 banking centers or at 18,000 ATMs
- Take advantage of low rates and special customer discounts
- Lock in some or all of your variable rate balance with our fixed rate loan option - without incurring a fee3
- Use the money however you choose - make home improvements, pay for education or consolidate high interest debt4
- Plus the interest you pay may be tax deductible5
With a no fee Home Equity Loan, you can:
- Receive one up-front payment
- Take advantage of low rates and special customer discounts
- Budget for payments and have peace of mind with a fixed rate and fixed monthly payments
- Use the money however you choose - make home improvements, pay for education or consolidate high interest debt4
- Plus the interest you pay may be tax deductible5
Call (888)-293-0264 (option 1)
to talk to a Home Equity Specialist
Mon-Fri 8am-11pm EST
Sat & Sun 9am-5pm EST
And, you can save even more.
Receive up to 0.75% off your rate. Here's how:
- If you have a qualified Bank of America relationship account or a LaSalle Bank deposit account, you'll receive 0.25% off your rate
- If you choose to have your monthly payments automatically deducted from a Bank of America or LaSalle Bank account, you'll receive 0.25% off your rate
- If you draw or transfer a balance of $25,000 or more when you close your line of credit, you'll receive an additional 0.25% off your rate
Privacy & Security
Bank of America, N.A. Member FDIC.
Equal Housing Lender
© 2008 Bank of America Corporation. All rights reserved.
This product is available in the following states:
AR, AZ, CA, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, MA, MD, ME, MI, MO, NC, NH, NJ, NM, NV, NY, OK, OR, PA, RI, SC, TX, TN, VA, WA
1The variable Annual Percentage Rate (APR) is 4.74% for a new home equity line of $100,000 with a Combined Loan to Value (CLTV) ratio of up to 80% on an owner-occupied home. APR is based on The Wall Street Journal prime rate [5.25% as of 3/20/08] plus or minus a margin and will vary with the prime rate, but will not exceed 24% (TX: 18%). APR includes discounts for having automatic payment from a qualified Bank of America or LaSalle Bank relationship account, and drawing or transferring a balance of $25,000 or more at closing. (TX: $25,000 minimum draw discount is not available.) You are not required to have a relationship to obtain a home equity line of credit at an undiscounted rate. APR will be higher if discounts not selected. Insurance is required. Credit and collateral are subject to approval. Terms and conditions apply. Margins and rates may vary based on certain factors such as state, occupancy status, loan amount, property value, debt ratios and credit history and are subject to change. Other restrictions may apply. Bank of America pays all closing costs on lines and loans of $500,000 or less, including up to $300 towards attorney's fees in states where attorney closings are required. For lines and loans over $500,000, customers may be responsible for paying closing costs, including attorney s fees where required. (TX: Bank of America pays all closing costs.) Please contact Bank of America for current rate information and other details.
2The Visa access card is not available in some states, including: CT, ID, NY, TX, WA. Visa is a registered trademark of Visa International Services Association.
3At no cost, you may convert any or all of your variable rate balance to a fixed rate & fixed payment option. The minimum amount which can be converted is $5,000. Please refer to your complete agreement for terms of your Fixed Rate Loan Options.
4Consolidating short term debt may result in the payment of more interest over time.
5Please consult your tax advisor and IRS Publication 936 (Home Mortgage Interest Deduction) regarding interest deductibility.
