for 12 months
Home is where you reimagine, revive or renovate. Create a man-cave, design a craft studio or expand your kitchen. Move beyond the ordinary with a Popular Home Equity Line of Credit.1
1All loans subject to credit and property approval. Rates are variable, terms and conditions vary by state and product features, and criteria are subject to change without notice. Please contact a banker or Customer Care Center representative for updated information and current rates.
2Popular will pay all third-party fees for home equity lines of credit of $500,000 or less. For lines of credit $500,000 or less, if you choose to pay off and close your line of credit within three years, a single payment will be charged to recapture any third-party fees paid by the bank. If you refinance your line of credit with Popular, we will waive this single payment to recapture the third-party fees. Third-party fees, other fees and taxes apply to lines of credit over $500,000.
3Rate lock feature offers fixed-interest rate loans with a minimum lock amount of $5,000 per request, maximum 3 locked amounts at one time. The first rate lock is free, additional rate locks are $50, are treated as a finance charge and are assessed against the line. As it applies to applicable rate locks, loan payments consist of both principal and interest to fully repay the locked portion over the course of the term selected. See a banker for more details.
4The introductory rate of 3.85% APR is for a Home Equity Line of Credit (HELOC) for 12 months only for borrowers with a maximum 80% combined loan to value (CLTV) who take an initial draw of $25,000 at closing, maintain this balance for 12 months and have automatic payments from a Popular Bank deposit account. 1-4 family primary residence only, no co-ops, new Popular Bank HELOC accounts only. APR determined at application and is subject to change. After the introductory period, your APR will vary based on the Prime Rate (currently at 4.75% as of 10/31/19) plus an applicable margin between 0.25% and 6.25% depending on your credit score, amount borrowed and the state where the collateral property is located. Borrowers may be offered credit at higher rates and other terms. Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will also be required. Annual fee of $50, waived for the first year. Offer ends 12/31/2019.
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