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Introductory rates for a home equity line of credit begin at 2.79% APR, with a APR
after 6 months.1
Apply now

Special intro rates available.1Apply 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

 

Refinance your mortgage


Use a HELOC to refinance your existing mortgage and you may lower your monthly payments.



Lock in a lower payment

Choose a rate and term that works for you

Take advantage of our special HELOC offers. Apply today to lock in a low intro rate for a term that fits your needs. After the introductory period has ended, your rate could be as low as the current rate shown below.1

Special HELOC intro rates for a limited time1
6-month intro rate 2.79% APR
12-month intro rate 3.49% APR
Current rate: Varies by state1

Bonus: You’ll pay no upfront fees and low to no closing costs.1

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 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 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.



Why choose BMO Harris



Competitive Rates


Take advantage of our competitive HELOC rates and special low introductory rate offers1


Fixed low rates


Lock in a low rate with our Fixed Rate Lock Option


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 calculators2 to help understand all your options.

 


Competitive Rates

 

Take advantage of our competitive HELOC rates and special low introductory rate offers1


Fixed low rates

 

Lock in a low rate with our Fixed Rate Lock Option


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 calculators2 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. Special offers are subject to change.

Costs and Fees:

The introductory rate offer is available on applications received from 3/1/2019 through 5/31/2019 and is subject to change. The introductory rate is fixed during the introductory period. No customer or other discounts are available during the introductory period. Depending on individual credit qualifications, collateral location and combined loan to value ratio, the introductory rate ranges from 2.79% APR to 3.79% APR for 6 months and 3.49% APR to 4.49% APR for 12 months.

Variable Rate Information

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 (5.50% on 05/01/2019) plus a margin that varies depending on the state in which property is located, individual credit qualifications, credit limit amount, combined loan to value ratio and other criteria. The maximum APR is 18.00% or the maximum permitted by law, whichever is less.

In AZ, your APR would be from 5.99% to 9.94%. If you have Auto Pay as described below, you may receive a 0.25% rate discount and your APR would be from 5.74% to 9.69%.

In FL, your APR would be from 5.45% to 9.94%. If you have Auto Pay as described below, you may receive a 0.25% rate discount and your APR would be from 5.20% to 9.69%.

In IL, your APR would be from 5.45% to 9.94%. If you have Auto Pay as described below, you may receive a 0.25% rate discount and your APR would be from 5.20% to 9.69%.

In IN, your APR would be from 5.45% to 9.94%. If you have Auto Pay as described below, you may receive a 0.25% rate discount and your APR would be from 5.20% to 9.69%.

In KS, your APR would be from 5.79% to 9.94%. If you have Auto Pay as described below, you may receive a 0.25% rate discount and your APR would be from 5.54% to 9.69%.

In MO, your APR would be from 5.79% to 9.94%. If you have Auto Pay as described below, you may receive a 0.25% rate discount and your APR would be from 5.54% to 9.69%.

In MN, your APR would be from 5.89% to 9.69%. If you have Auto Pay as described below, you may receive a 0.25% rate discount and your APR would be from 5.64% to 9.44%.

In WI, your APR would be from 5.45% to 9.94%. If you have Auto Pay as described below, you may receive a 0.25% rate discount and your APR would be from 5.20% to 9.69%.

Please contact a banker for current rate information.

To receive a 0.25% rate discount you must authorize BMO Harris Bank to withdraw your home equity line of credit payment each month from a BMO Harris eligible checking account: BMO Harris Smart Money Account, BMO Harris Smart Advantage Account, BMO Harris Select Checking®, BMO Harris Premier Account or BMO Harris Portfolio Checking®.

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. Closing costs include: appraisal charges, credit report, flood determination, title insurance and document recording fees. You will be charged a $75 annual fee on the opening date and each year after through the ninth anniversary of loan opening. You may also be required to pay real estate taxes and items such as prior lien release fees. 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 we paid on your behalf.

Insurance Information

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

2. 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 HELOC with help from a lending specialist

 

 


Apply for a HELOC online


Why wait? Get started on your application today.


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