Home Equity

¹All loans and lines of credit are subject to credit approval. Title insurance and other fees may apply to loans/lines over $250,000. If you choose to pay and close your line/loan within three years, a single payment will be charged to recapture any closing costs paid by the bank. Auto-debit discount: monthly payments are automatically deducted from your checking account. Loans subject to credit approval. Equity Advantage Line of Credit (Rate Lock Feature) has a minimum lock amount of $5,000. Rates based on your current equity line rate, plus a margin and on the term chosen; various terms available. Loan payments consist of both principal and interest to fully repay the locked portion over the course of the term selected. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes.

²Popular will pay all fees and closing costs for home equity lines of credit of $250,000 or less. For lines of credit $250,000 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 closing costs paid by the bank. If you refinance your line of credit with Popular, we will waive this single payment to recapture closing costs. Closing costs, other fees and taxes apply to lines of credit over $250,000.

³A 0.25% rate discount applies if line of credit payments are made using auto debit payments from your Popular deposit account.

⁴Rate lock feature offers fixed-interest rate loans with a minimum lock amount of $5,000 per request. The first rate lock is free, additional rate locks are $50 and are treated as a finance charge and 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. Terms and conditions vary by state.