Bank Of America Home Equity Loan

At bank of america we want to help you understand how you might put a heloc to work for you.

Bank of america home equity loan. For example homeowner caroline owes 140 000 on a mortgage for her home which was recently appraised at 400 000. A home equity line of credit and see what might make sense for you. Get answers to the most popular faqs and easily contact us through either a secure email address a mailing address or our mortgage home equity customer service phone numbers.

A heloc is a line of credit borrowed against the available equity of your home. 2 an initial draw discount of 0 05 for every 10 000 initially withdrawn at account opening up to 0. A home equity line of credit or heloc could help you achieve your life priorities.

Headquartered in north carolina and founded in 1904 bank of america is a direct lender that qualifies potential borrowers based on their credit score employment history and outstanding debt. Click browse and select the documents you are looking for. As of july 14 2020 the fixed annual percentage rate apr of 3 90 is available for 10 year second position home equity installment loans 50 000 to 99 999 with loan to value ltv of 70 or less.

Her home equity is 260 000. Click on the submit home equity documents link on the loan details page or click on the submit home equity documents tab. For more information about bank of america s heloc visit the bank s website or call 800 779 3894 monday through friday 8 a m.

To upload your home equity documents directly from your computer. If you re thinking about using the equity in your home to meet your financial needs you have options. The following discounts are available on a new home equity line of credit heloc.

Et or saturday from 8 a m to 6 30 p m. 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. Bank of america mortgage home equity customer service information is designed to make your banking experience easy and efficient.