Home Equity Lines of Credit

An ongoing source of funds as you need them – great for
do-it-yourself projects.

  • Reusable source of credit
  • Variable rates that follow the market
  • Interest may be tax deductible1
  • No application fees, no bank fees at closing and no early payoff fees

Get more with Commerce

Great Everyday Rate - as low as 5.00% APR2

Amount Drawn

First Month
Interest - Only Payment*

Balance due at the end of
5-year term if only interest
is paid each month

$10,000

$41.09

$10,000

$25,000

$102.73

$25,000

$50,000

$205.47

$50,000

Home Equity Loan or Line of Credit: Which is right for you?

Disclosures:

  1. Check with your tax advisor for restrictions.
  2. Limited time offer. Subject to credit approval. Rates are subject to change. Special rate offer of 5.00% APR available only on new lines of credit with combined loan-to-value (LTV) ratio (including prior mortgages or liens) of 80% or less. The APR may range from Prime Rate plus 0.75% to Prime Rate plus 2.50%, depending upon LTV and customer relationship. The Prime Rate used is the U.S. Prime Rate quoted in the "Money Rates" column of The Wall Street Journal on the last business day of the month. As of 3/20/2010 , the APR can range from 5.00% to 5.75%. The APR may change monthly, but will not be lower than 5.00% APR, nor exceed 18.00% or 20.04%, depending on product. Maximum combined LTV is 85% (including prior mortgages or liens). At maturity, entire balance payment is required in a single "balloon payment." Insurance must be carried on property securing this loan. Missouri, Illinois, and Colorado residents incur no fees or closing costs. Kansas residents are required to pay state mortgage tax of $2.60 per $1,000 of mortgage filed; Oklahoma residents are required to pay state mortgage tax of no more than $.10 per $100 of mortgage filed; no other fees or closing costs apply.
  • Monthly payment examples are based on the sample amounts drawn against a qualifying line. Payments will vary based upon balance amount and interest charges.

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