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Get a fixed interest rate as low as for up to on a HELOC.1
Apply now

Home equity line of credit offers & resources

Put the power of your home to work.


Find out how a HELOC can help you achieve your goals.

Renovate your home


A HELOC can help customize and potentially add value to your home.


Start your home improvements

 

Consolidate your debt


Simplify your finances with a HELOC. Consolidating your debt may reduce your monthly payments.


Take control of your debt

 

Save for the unexpected


Tap into your HELOC for whatever you need, like major purchases or unexpected expenses.


Be ready for anything

Get a low fixed rate for the long term

Enjoy the security that comes with knowing you’ll have a stable payment that will not change.

Apply now
Special fixed rate HELOC offer1
Receive a fixed rate as low as
4.24% APR for up to 20 years

Interested in something else?

Explore our loans and lines of credit.



Looking to buy a new place?

Learn more about our mortgage options.


Three easy steps to getting a HELOC


  • 1. Get started


    Apply online with our simple & secure application or meet with a lending specialist who will learn about your needs and your property.

  • 2. Submit the application paperwork


    Once submitted, your lending processor will walk you through all the documentation you need to complete the application process.

  • 3. Close your loan


    We’ll work with you to schedule your closing and get you ready to go!

Tip: Don’t have a mortgage with us? No worries. You don’t have to bank with BMO Harris to apply for a HELOC.

Three easy steps to getting a HELOC

 

1. Get started

Apply online with our simple & secure application or meet with a lending specialist who will learn about your needs and your property.

2. Submit the application paperwork

Once submitted, your lending processor will walk you through all the documentation you need to complete the application process.

3. Close your loan

We’ll work with you to schedule your closing and get you ready to go!

Tip: Don’t have a mortgage with us? No worries. You don’t have to bank with BMO Harris to apply for a HELOC.


Discover how easy it is to apply online

Our online application is a quick and easy way to apply for a home equity line of credit. You can access your application from any device, upload documents and check your loan status, getting notifications throughout the process. Watch this video to learn how fast, simple and secure your application can be.

Play video

Why choose BMO Harris



Competitive rates


Take advantage of our competitive HELOC rates and special fixed rate offer.1 Plus, there are no upfront fees and low to no closing costs.2


Simple application


Apply online with our simple & secure application from any device or visit a branch.


Personalized advice


Our lending specialists will guide you through the entire HELOC process and find ways to help you achieve your home goals.


Helpful resources


Explore our tools and calculators3 to help understand all your options.

 


Competitive rates

 

Take advantage of our competitive HELOC rates and special fixed rate offer.1 Plus, there are no upfront fees and low to no closing costs.2


Simple application

 

Apply online with our simple & secure application from any device or visit a branch.


Personalized advice

 

Our lending specialists will guide you through the entire HELOC process and find ways to help you achieve your home goals.


Helpful resources

 

Explore our tools and calculators3 to help understand all your options.



Put the power of your home to work.


Find out how a HELOC can help you achieve your goals.



 

1. The minimum line of credit withdrawal from a HELOC that can be converted to a fixed rate loan is $2,000 and the maximum that can be converted is 100% of the line amount. The minimum term is 5 years and the maximum loan term is 20 years. No more than three fixed rate lock options may be open at one time. Minimum payment due on a fixed rate lock option includes principal and interest in fixed monthly payments. As the fixed-rate balance is paid down during the draw period, funds are replenished and available for use at the variable rate during the first 10-year draw period.

Fixed Rate Lock Option Offer

Special offers are subject to change. The fixed rate lock option offer is available on applications received on or before February 29, 2020. The fixed rate lock option includes a -0.51% interest rate adjustment. With the -0.51% interest rate adjustment, APRs for a fixed rate lock option on 11/01/2019, ranged from 4.24% to 5.79%. APRs vary and will depend on the fixed rate index value at the time a fixed rate lock option is requested. The rate shown above is based on a 20-year term.

2. Variable Rate Information

For a Home Equity Line of Credit, the annual percentage rate (APR) is a variable rate based on The Wall Street Journal® Prime Rate (4.75% on 11/01/19) plus a margin that varies depending on the state in which property is located, individual credit qualifications, credit limit amount, loan to value ratio and other criteria. Rates shown are for first lien lines of credit of $100,000 secured by an owner occupied 1-4 family residence with a loan-to-value (LTV) of 70% or less with a 0.25% Auto Pay discount. The maximum APR is 18.00% or the maximum permitted by law, whichever is less.

In AZ, FL, IL, IN, KS, MO, MN and WI, your APR would be from 4.75% to 6.30%.

To receive a 0.25% Auto Pay rate discount you must authorize BMO Harris Bank to withdraw your home equity line of credit payment each month from a BMO Harris checking account (Auto Pay).

Closing Costs and Fee Information

BMO Harris will pay closing costs for loans secured by an owner-occupied 1 to 4 family residence in: AZ, FL, IL, IN, KS, MN, MO or WI. You will be charged a $75 annual fee on the loan opening date and each year after during the Draw Period. If the property is located in FL or MN, you are responsible for mortgage and government taxes. If you close your account within 36 months, a closing cost recoupment fee may be charged to recover the closing costs BMO Harris paid on your behalf.

Insurance Information

You must obtain property insurance and may be required to obtain flood insurance.

3. Calculator is provided by Leadfusion Inc., which is not affiliated with BMO Harris. The calculator provides estimates. We do not guarantee their accuracy or applicability to your circumstances. Results depend on many factors, including the assumptions you provide. Leadfusion may have different privacy and security standards than BMO Harris. Visit its website at www.leadfusion.com open externally to review its privacy policy.

Apply for your Home Equity Line of Credit now

 

 



Apply for a HELOC online


It’s never been easier! Start your application today.


Apply now




Give us a call


We’ll help walk you through the application process.


Call 1-800-546-6101Call 1-800-546-6101


Here’s what you’ll need to apply:

Employment & income information
 

Property information & requested loan amount

Positive credit score (typically a minimum of 680)

Equity in your home to borrow against