Second Mortgage Loan

You don't need to wait to make the purchases you need or to have the home of your dreams. It's quick and easy with second mortgage loans from Bank of America. Use the equity in your home to get cash for various home improvements. Build the kitchen or bathroom you've always wanted, pay for education or use your home's equity as cash to consolidate debt^* into one easy payment at a lower rate.

But a home equity loan isn't your only second mortgage home loan option at Bank of America. You can also enjoy the flexibility of a home equity line of credit. Get possible tax deductions^*, lock in a fixed rate on your variable balance and draw from your home equity line any time you need it.

Why wait? Apply online now with our quick and easy four-step application.

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	$139	6.74%
$40,000	$222	6.74%
$50,000	$242	5.87%
$60,000	$290	5.87%
$75,000	$362	5.87%
$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

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* Home Equity assumptions, Texas Home Equity assumptions, Disclosures

* 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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