www.bankofamerica.comContact UsEn EspañolSite Map
About UsInvestor RelationsBusiness Partners
Home PurchaseRefinanceHome EquityToday's RatesCustomer ServiceMain Page
  Welcome To The Home Equity Education Center
 
 
 
Homeowner Guide
Learn about the process for getting a home equity line of credit. Plus, pick up valuable home ownership tips you can use right now.
Home Equity Options
Quick help for selecting the equity loan program for you.
Rates & Costs
Find Today's Rate for our home equity program and learn your options on closing costs.
Home Equity Calculator
See how large a line of credit you can afford and your home equity will support.
Apply Now
Jump start the loan process by taking a few minutes to submit your application online. Easy, Really.
Home Equity Line of Credit ("HELOC")
A home equity line of credit is a mortgage loan, which is usually in a subordinate position a "second mortgage", that allows the borrower to access the line of credit during the "draw" period, usually 5 or 10 years. One of the best parts of a home equity line of credit is that the variable interest rate is typically lower than a credit card and the interest paid can be tax deductible (consult your tax advisor about your personal situation).

 
   
   
Get started now
Bank of America has a wide selection of loans built to suit specific needs of our customers. Our home loan experts are ready to help you find the loan that’s right for you! Contact us now to get a FREE, no obligation loan consultation:
CALL US 7-days-a-week 1.800.825.4549
or
Get Prequalified
Are you a current customer?
Yes   No
Purpose of Loan:
Bank of America, N.A. Member FDIC. Equal Housing Lenders . Some products may not be available in all states.
© 2009 Bank of America Corporation. All rights reserved.