Second Mortgage

You don’t have to wait to make the purchases you need. It’s possible with a second mortgage loan or home equity line from the bank you trust, Bank of America.

Use the equity in your home to get money for home improvements. Repair your leaky roof, pay for education or necessary expenses, or use your home's equity to consolidate debt^* into one easy payment at a lower rate.

Keep in mind, a second mortgage isn’t your only home equity loan option at Bank of America. You can also choose a line of credit. Bank of America makes both options possible:

Access your home equity line of credit by using your Visa® access card^* or convenience checks
Use the money however you choose
Enjoy special discounts for banking with us

Lock in a fixed rate on your variable rate balance and draw from your home equity line of credit any time you need it. The interest you pay is usually tax deductible^*, Why wait? Visit your local banking center to apply.

Home Equity Loan
Home Equity Line of Credit

Or Call 1.866.709.6373

Contact Us – 1.866.709.6373

Find my payment and rate

Choose your amount	Your monthly payment-sample rate^*	APR
$25,000	$124	5.99%
$40,000	$197	5.99%
$50,000	$226	5.49%
$60,000	$271	5.49%
$75,000	$339	5.49%
$100,000	$421	5.12%
^* Monthly payment may vary due to rate. Other amounts available. Please contact a Loan Specialist for current rates and amounts.

Get customized rate

Compare home equity types

Home Equity Line of Credit

Borrow money ongoing, as you need it
Variable interest rate–fixed rate option available
Flexible payments, varies with rate & amount

Home Equity Loan

Borrow money all at once
Fixed interest rate only
Fixed monthly payment for the life of the loan

Learn More

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	Have a home equity loan specialist contact you.

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* Home Equity assumptions, Texas Home Equity assumptions

* Texas: A customer's non-homestead debt† with Bank of America, including MBNA accounts and/or other predecessors and affiliates), cannot be paid at closing by Bank of America using funds from a Bank of America home equity account.
(†Non-homestead debt includes, but is not limited to, credit card, auto, boat, recreational vehicle or unsecured lines or loans.)

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Equal Housing Lender