bankofamerica.com/HELOCFixedRate On screen disclosures: Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.Equal Housing Lender. Bank of America, N.A. Member FDI...
If variable rates on your HELOC balance move above the fixed rate of a Fixed-Rate Loan Option, you could pay less interest on the Fixed-Rate Loan Option balance. Benefits of a Fixed-Rate Loan Option Predictable monthly payments that stay the same for the selected term - never worry about ...
One of the biggest benefits of a Bank of America HELOC is the option to convert a portion of your line of credit into afixed-rate loan. HELOCs typically have variable interest rates that fluctuate depending on the economy and interest trends overall. If you’re looking forthe flexibility of...
If you get a Bank of America HELOC, you won’t pay any application fee, closing costs or annual fees. There are also no fees if you choose to convert your HELOC to a fixed-rate loan. The only fee charged is an early termination fee of $450 if you close your account within three ...
When interest rates are on the rise, add some certainty to your monthly payments. Lock in a fixed rate on some or all of your current home equity line of credit (HELOC). Get started What’s a fixed-rate option for a HELOC? Once you close on a HELOC, you have the option to lock ...
Fixed-Rate Loan Option at account opening:You may convert a withdrawal from your home equity line of credit (HELOC) account into a Fixed-Rate Loan Option, resulting in fixed monthly payments at a fixed interest rate. The minimum HELOC amount that can be converted at account opening into a ...
Chase vs. Bank of America: Certificates of deposit On paper, bothandare pretty similar. They require a $1,000 minimum deposit, have a large number of term options, and come with early withdrawal penalties that are practically identical. Standard rates at both banks are far below average compa...
Refer to bankofamerica.com/savings for current rates. 8 Preferred Rewards Home Equity Line of Credit. Home Equity Line of Credit (HELOC) interest rate discounts are offered to clients who are enrolled or are eligible to enroll in Preferred Rewards, based on their rewards tier at the ...
Refer to bankofamerica.com/savings for current rates. Footnote 8 Home Equity Line of Credit (HELOC) interest rate discounts are offered to clients who are enrolled or are eligible to enroll in Preferred Rewards, based on their rewards tier at the submittal of home equity application (for ...
15 Year Fixed5.875%6.26% 5 Year Adjustable5.875%6.524% LOAN TYPERATES AS LOW ASAPR 30 Year Fixed5.75%6.425% The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $225,000 and an estimated property value of $375,000. The property is ...