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  • $50K HELOC
     
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    SunTrust Bank $50K HELOC
    Posted: 7/30/2014
    INTRO
    5.17
    Wed Jul 30
  • 700-850
  • 5.17
  • 5.17
  • 80
  • $0
  • Rate after intro: 5.17
    FICO Range: 700-850
    Max Loan to Value: 80
    Required Draw: $0
  • Range: P+1.92% to 4.54% (no floor); no yrly fee; $10,000 min
     
  • $50K HELOC
     
  • Call
    Bank of America $50K HELOC
    Posted: 7/30/2014
    INTRO
    5.50
    Wed Jul 30
  • 700-850
  • 5.50
  • 5.50
  • 80
  • $0
  • Rate after intro: 5.50
    FICO Range: 700-850
    Max Loan to Value: 80
    Required Draw: $0
  • P+2.25% (no floor); additional .25% disc available w/auto debit; $25,000 min
     
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Financial terms: view below the definition for terms used on this search results page.

Product: A home equity line of credit (HELOC) is an open-ended loan paid as revolving debt that is backed by the portion of the home’s value that the borrower owns outright. Interest paid is usually deductible.

Lender: The organization lending the money. This survey group includes banks, thrifts and other representative institutions.

FICO range: The minimum to maximum FICO rate that the applicant can have to qualify for the quoted rates, points and fee combination.

Intro rate: The initial interest rate that is charged for a specified period of time.

Rate after Intro: Some lenders who limit the time of the initial interest rate have a new interest rate that is charged after the introductory rate expires.

Max loan to value: The maximum percentage of the home’s value that an institution will lend.

Required draw: The amount of money that the borrower must take then the loan is closed.

Fees and conditions: Any discounts or rate reductions for having payments automatically debited from another account.

Advertiser comments: Additional information given by the listed institutions.

Location: The state and city in which you are seeking a home equity line of credit. ZIP codes may also be used.

FICO score: The most commonly used credit score. The name comes from the Fair Isaac Corporation, which developed the credit report-based model that is used to predict the likelihood that a person will pay his or her debts.

Avg. intro rate: The average of all the introductory rates listed in the intro rate column.

Avg. rate after intro: The average of all the rates after introduction listed in the rate after intro column.

Show selected only: This reduces the number of listings in the rate table and compares the products you selected by clicking the check box.

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Home equity tip
Figure out what the loan is for and how long you'll need the money to help decide which kind of loan you need. Home equity loans are better for single lump sum expenses while home equity lines of credit, or HELOCs, are best for prolonged expenses, like college tuition.
Home equity tip
A home equity line of credit, or HELOC, has an adjustable rate of interest attached to paying it off, which means that your payments can fluctuate based on the federal funds rate. Think about a home loan if the idea of an adjustable rate unnerves you.
Home equity tip
Know your loan-to-value, or LTV, ratio. This is how much you owe versus how much the home is worth. Many people are in trouble now because their homes dropped in value. You don't want to be stuck owing more than your house is worth.
Quality Assurance
Compare rates with confidence. Rates are accurate and available as of the date seen for Bankrate customers. Identify yourself as a Bankrate consumer to get the Bankrate.com rate.
 

If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you, please click here.

For an explanation of home equity terms, click here. These rates are updated weekly. For criteria used in surveys of rates above, click here. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site, where you can find additional information. Rates are subject to change without notice and may vary from branch to branch.

Averages for your search.
Avg. Intro Rate Avg. Rate After Intro
4.887 % 4.887 %
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