williamlawrance: Fax less payday loans
Fax less payday loans
The following discounts are available on a new Home Equity Line of Credit (HELOC): (1) a 0.25% "automatic payment" discount when setting up automatic payments (at the time of opening the HELOC account or earlier) and maintain automatic payments with a qualifying Bank of America deposit account; (2) a 0.10% "initial withdrawal" discount for every $ 10,000 initially withdrawn at the time of account opening (up to 1.50% for initial withdrawals of $ 150,000 or more) when such minimum balance is maintained for at least first 3 billing cycles (less any required principal payment); and (3) a 0.25% discount for HELOC first mortgage lien accounts at the time of account opening.
You qualify to enroll in the Preferred Rewards program if you have an active personal checking account that qualifies at Bank of America® or a Bank of America Advantage Banking account and maintains an average combined balance for three months in your Bank of America deposit accounts and / or in your Merrill investment accounts that qualify at least $ 20,000 for the Gold level, $ 50,000 for the Platinum level, or $ 100,000 for the Platinum Honors level. The combined balance is calculated based on your average daily balance maintained over a three calendar month period. Some benefits are also available without enrolling in Preferred Rewards if you meet the balance and other requirements.
Home Equity Line of Credit:
Home Equity Line of Credit (HELOC) interest rate discounts are available to customers who are enrolled or who qualify to enroll in Preferred Rewards at the time of line request Home Equity Credit (For joint borrowers, at least one applicant must be enrolled or qualify to enroll). The discount amount (0.125% for Gold level, 0.25% for Platinum level and 0.375% for Platinum Honors level) is based on your level of eligibility as determined at the time of the application regarding the accumulated value of the home and is not subject to adjustment. Eligibility will be available three or more business days after the end of the calendar month in which you qualify.Fee Plan for Personal Accounts . The benefit is not transferable. The Preferred Rewards benefit for the Home Equity Loan can be combined with certain other interest rate discounts related to the home's accumulated value. Bank of America Private Bank clients receive Private Home Equity Line of Credit (HELOC) rates from Private Bank through its client team. Contact your customer team for details.
Assumptions about the accumulated value of the home (information on discounts and assumptions and additional disclosures) based on a line of credit of $ 100,000.
Fixed-rate loan option at account opening: You can convert a withdrawal from your Home Equity Line of Credit (HELOC) account to a fixed-rate loan option to make fixed monthly payments with a fixed interest rate. The minimum amount of the HELOC account that you can convert at the time of opening the account to a fixed rate loan option is $ 15,000 and the maximum that you can convert is limited to 90% of the maximum amount of without faxing direct lender same day approval the line. The minimum term of the loan is 1 year and the maximum term cannot exceed the expiration date of the account.
Fixed-rate loan option over the term of the loan: You can convert all or part of the outstanding balance of the variable interest HELOC account to a fixed-rate loan option to make fixed monthly payments with a fixed interest rate. The minimum outstanding balance that you can convert to a fixed rate loan option is $ 5,000, from an existing HELOC account. The minimum term of the loan is 1 year and the maximum term cannot exceed the expiration date of the account. No more than three fixed-rate loan options may be open at one time. The rates for the fixed rate loan option may be different than the variable rates of the HELOC account.
Mobile Banking requires enrollment through the Mobile Banking application, the Mobile website, or Online Banking. Enrollment through the Mobile Banking application is not available on all devices. See the Online Banking Service Agreement for more information. A data connection is required. Wireless service provider charges may apply. The Mobile Banking application is available on iPad, iPhone, Android and Windows 10 devices (except Xbox). Not all the features of the Mobile Banking Application are available on all devices.