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Choose a special introductory rate period of 6 months with APRs as low as 2.99% or 12 months with APRs as low as 3.99%. After that, a variable APR applies, currently as low as .1 Get started today.

*Special intro rates available. Get started today.

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 man measures out a part of the wall for a home improvement project while his dog watches.

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


Start your home improvements

 

 

Consolidate your debt

A young woman in her kitchen looks at her finances on her laptop.

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


Take control of your debt

 

 

Build a safety net

A man looks under the hood of his car that is broken down on the side of the road.

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


Be ready for anything

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.

Special HELOC intro rates for a limited time1
6-month intro rate 2.99% APR
12-month intro rate 3.99% 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


Meet with a lending specialist who will learn about your needs and your property.

2. Submit the application paperwork


Once approved, your lending specialist 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. Getting Started

Meet with a lending specialist who will learn about your needs and your property.

2. Submit the application paperwork

Once approved, your lending specialist 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.


Easy payments


Get an interest rate discount after your intro period when you sign up for automatic payments2.


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 low introductory rate offers1.


Easy payments

 

Get an interest rate discount after your intro period when you sign up for automatic payments2.


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. Costs and Fees:

Introductory Rate Information

Special offers are subject to change at any time without notice. The introductory rate offer is available on applications received from August 13, 2018 through October 31, 2018. The introductory rate is fixed and will not change during the introductory period. No customer or other discounts are available during the fixed rate introductory period. The introductory rate ranges from 2.99% APR to 5.69% APR for 6 months or 3.99% APR to 6.69% APR for 12 months depending on individual credit qualifications and combined loan to value. (Private Bank Clients should contact their Private Banker for details).

This offer does not apply to any purchase of any real property. Under certain circumstances disclosed in your line of credit agreement, we may reduce your credit limit or suspend your line of credit.

Variable Rate Information

Rates are current as of August 13, 2018 and are subject to change without notice. Rates shown are for lines of credit with a CLTV of 70% or less. Lines with higher CLTVs carry higher rates and may be subject to bank approval. For a Home Equity Line of Credit, the annual percentage rate (APR) is a variable rate based on the highest Prime Rate (Prime) published in the “Money Rates” section of The Wall Street Journal® (a trademark of Dow Jones, LP). APRs in all states are variable based on Prime plus a margin that varies depending on the state in which your property is located, your individual credit qualifications, the credit limit amount, and other criteria. As of September 1, 2018, Prime was 5.00%. The maximum APR is 18.00% or the maximum permitted by law, whichever is less.

Auto Pay from a BMO Harris Smart MoneyTM Account, BMO Harris Smart AdvantageTM Account, BMO Harris Select Checking®, BMO Harris PremierTM Account, or BMO Harris Portfolio Checking® is required at account closing. The monthly maintenance fee for BMO Harris Smart MoneyTM Account is $5, BMO Harris Smart AdvantageTM Account is $0, BMO Harris Select Checking® is $15, BMO Harris PremierTM Account is $30 and BMO Harris Portfolio Checking® is $25. Auto Pay means periodic scheduled payments automatically deducted from your qualifying BMO Harris checking account to pay the BMO Harris Home Equity Line of Credit. When you sign up for Auto Pay, you authorize the Bank to draw your account for all amounts then due, including late fees and any other charges. Our checking products are subject to change at any time. As a result, this offer is subject to change including the availability of these checking products. When applying for Auto Pay, please ask a BMO Harris banker about the different available checking products. Customers who currently have a BMO Harris checking account that does not qualify for this offer may switch to a BMO Harris checking account that does qualify for this offer prior to or at closing. Please contact a BMO Harris banker for more details or visit bmoharris.com to learn more about our checking products.

*Please contact us for current rate information.

In AZ, the margin is 0.74% to 4.44% depending on individual credit qualifications, credit limit and other criteria. Your resulting APR would be from 5.74% to 9.44%. If you have Auto Pay from an eligible BMO Harris checking account listed above, your margin would be from 0.49% to 4.19% depending on individual credit qualifications, credit limit amount and other criteria, and your resulting APR would be from 5.49% to 9.19%.

In FL, the margin is 0.39% to 4.44% depending on individual credit qualifications, credit limit and other criteria. Your resulting APR would be from 5.39% to 9.44%. If you have Auto Pay from an eligible BMO Harris checking account listed above, your margin would be from 0.14% to 4.19% depending on individual credit qualifications, credit limit amount and other criteria, and your resulting APR would be from 5.14% to 9.19%.

In IL, the margin is 0.33% to 4.44% depending on individual credit qualifications, credit limit and other criteria. Your resulting APR would be from 5.33% to 9.44%. If you have Auto Pay from an eligible BMO Harris checking account listed above, your margin would be from 0.08% to 4.19% depending on individual credit qualifications, credit limit amount and other criteria, and your resulting APR would be from 5.08% to 9.19%.

In IN, the margin is 0.04% to 4.44% depending on individual credit qualifications, credit limit and other criteria. Your resulting APR would be from 5.04% to 9.44%. If you have Auto Pay from an eligible BMO Harris checking account listed above, your margin would be from -0.21% to 4.19% depending on individual credit qualifications, credit limit amount and other criteria, and your resulting APR would be from 4.79% to 9.19%.

In KS, the margin is 0.54% to 4.44% depending on individual credit qualifications, credit limit and other criteria. Your resulting APR would be from 5.54% to 9.44%. If you have Auto Pay from an eligible BMO Harris checking account listed above, your margin would be from 0.29% to 4.19% depending on individual credit qualifications, credit limit amount and other criteria, and your resulting APR would be from 5.29% to 9.19%.

In MN, the margin is 0.64% to 4.19% depending on individual credit qualifications, credit limit and other criteria. Your resulting APR would be from 5.64% to 9.19%. If you have Auto Pay from an eligible BMO Harris checking account listed above, your margin would be from 0.39% to 3.94% depending on individual credit qualifications, credit limit amount and other criteria, and your resulting APR would be from 5.39% to 8.94%.

In MO, the margin is 0.54% to 4.44% depending on individual credit qualifications, credit limit and other criteria. Your resulting APR would be from 5.54% to 9.44%. If you have Auto Pay from an eligible BMO Harris checking account listed above, your margin would be from 0.29% to 4.19% depending on individual credit qualifications, credit limit amount and other criteria, and your resulting APR would be from 5.29% to 9.19%.

In WI, the margin is 0.39% to 4.44% depending on individual credit qualifications, credit limit and other criteria. Your resulting APR would be from 5.39% to 9.44%. If you have Auto Pay from an eligible BMO Harris checking account listed above, your margin would be from 0.14% to 4.19% depending on individual credit qualifications, credit limit amount and other criteria, and your resulting APR would be from 5.14% to 9.19%.

Closing Costs and Fee Information

A $75 annual fee will be charged on the opening date and billed with your monthly statement, and each year after through the ninth anniversary of loan opening.

BMO Harris will pay closing costs in: AZ, FL, IL, IN, KS, MN, MO or WI on an owner occupied 1 to 4 family residence. Closing costs include but are not limited to: appraisal charges, credit report, flood determination, title insurance and document recording fees.

To the extent we pay third-party closing costs on your behalf, we have the right to charge you an amount equal to the third-party closing costs we paid on your behalf if you close within 36 months from the opening date. This closing cost recoupment fee shall be due and payable at the time you close the account. The customer may be required to pay state and local taxes and to satisfy prior liens or Settlement Fee if closed at a Settlement Agent.

In KS, customer is responsible for Mortgage Registration Tax of $0.50 per $1,000. In MN, customer is responsible for Mortgage Registry Tax of $2.40 per $1,000 for Hennepin and Ramsey Counties or $2.30 per $1,000 for all other counties. In MN there is a Conservation Fee of $5.00 for the following counties Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, Waseca, Washington, Winona and Wright. In FL, customer is responsible for Documentary Stamp Tax of $3.50 per $1,000 and Intangible Tax of $2.00 per $1,000.

Insurance Information

The customer must obtain property insurance and may be required to obtain flood insurance.

2. Auto Pay from a BMO Harris Smart MoneyTM Account, BMO Harris Smart AdvantageTM Account, BMO Harris Select Checking®, BMO Harris PremierTM Account, or BMO Harris Portfolio Checking® is required at account closing to receive the 0.25% interest rate discount. The monthly maintenance fee for BMO Harris Smart MoneyTM Account is $5, BMO Harris Smart AdvantageTM Account is $0, BMO Harris Select Checking® is $15, BMO Harris PremierTM Account is $30 and BMO Harris Portfolio Checking® is $25. Auto Pay means periodic scheduled payments automatically deducted from your qualifying BMO Harris checking account to pay the BMO Harris Home Equity Line of Credit. When you sign up for Auto Pay, you authorize the Bank to draw your account for all amounts then due, including late fees and any other charges. Customers who currently have a BMO Harris checking account that does not qualify for this offer may switch to a BMO Harris checking account that does qualify for this offer prior to or at closing. Please contact a BMO Harris banker for more details or visit bmoharris.com.

3. Calculators are provided by Leadfusion Inc., which is not affiliated with BMO Harris. The results and information provided on this website are estimates and are provided for informational purposes only. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances. Please note that Leadfusion may have different privacy and security standards than BMO Harris and you should visit its website at www.leadfusion.com open externally to review its privacy policy. BMO Harris does not provide tax or legal advice and you should consult your tax or legal advisor for tax and legal advice.

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1-800-546-6101


1-800-546-6101