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Advertising Practices

We strive to provide you with information about products and services you might find interesting and useful. Relationship-based ads and online behavioral advertising help us do that.

Bank of America participates in the Digital Advertising Alliance ("DAA") self-regulatory Principles for Online Behavioral Advertising and uses the Advertising Options Icon on our behavioral ads on non-affiliated third-party sites (excluding ads appearing on platforms that do not accept the icon). Ads served on our behalf by these companies do not contain unencrypted personal information and we limit the use of personal information by companies that serve our ads. To learn more about ad choices, or to opt out of interest-based advertising with non-affiliated third-party sites, visit YourAdChoices powered by the Digital Advertising Alliance or through the Network Advertising Initiative's Opt-Out Tool. You may also visit the individual sites for additional information on their data and privacy practices and opt-out options.

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Step 1: Application Review
Step 2: Decision & Closing
Step 3: Line Use & Servicing

Step 1: Application Review
Step 2: Decision & Closing
Step 3: Line Use & Servicing

Your home equity line of credit will be available soon

Here are tips to help you manage your account.

To see account details, log in to Mobile and Online Banking.¹

Access your account

Step 3 - Line Use & Servicing

Transcript

During this stage, your home equity line of credit is almost ready to use, and you'll be able to borrow funds as needed at your convenience. Conveniently access your funds as soon as they're available through Mobile and Online Banking, with a Visa® access card,² by phone or in a financial center.

Learn more about Step 3: Watch the video above or use the button below to access our infographic with answers to frequently asked questions (FAQs).

See Step 3 details

Fixed-Rate Loan Option

Don't forget — you can also choose to lock in your rate for predictable monthly payments with our Fixed-Rate Loan Option, where you can convert your outstanding variable rate balance to a fixed rate at any time during your borrowing, or draw, period.³

Managing your home equity line of credit account is easy with Mobile and Online Banking.

Access your account

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Mobile Banking requires that you download the Mobile Banking app and may not be available for select mobile devices. Message and data rates may apply.

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Some states do not allow access to a Home Equity Line of Credit account using a Visa access card. The Visa card is issued by Bank of America pursuant to a license from Visa U.S.A. Inc.

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Fixed-Rate Loan Option at account opening: You may convert a withdrawal from your home equity line of credit (HELOC) account into a Fixed-Rate Loan Option, resulting in fixed monthly payments at a fixed interest rate. The minimum HELOC amount that can be converted at account opening into a Fixed-Rate Loan Option is $5,000 and the maximum amount that can be converted is limited to 90% of the maximum line amount. The minimum loan term is 1 year, and the maximum term will not exceed the account maturity date.

Fixed-Rate Loan Option during loan term: You may convert all or a portion of your outstanding HELOC variable-rate balance to a Fixed-Rate Loan Option, resulting in fixed monthly payments at a fixed interest rate. The minimum outstanding balance that can be converted into a Fixed-Rate Loan Option is $5,000 from an existing HELOC account. The minimum loan term is 1 year, and the maximum term will not exceed the account maturity date. No more than three Fixed-Rate Loan Options may be open at one time. Rates for the Fixed-Rate Loan Option are typically higher than variable rates on the HELOC.

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Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

MAP8486734-04162027 | LP-10-25-0191