Home Equity Advantage Line of Credit 1

Use the equity in your home to achieve your dreams. You could consolidate your high rate debt, update your home, help send your child to college or take the vacation you’ve always wanted.

Get more with a Popular Home Equity Advantage Line of Credit…

  • Free to Apply: No application fees and no points, closing costs may apply.2
  • Lower Your Rate: Reduce your rate by 0.25% on a Home Equity Line of Credit when you sign up our auto-debit option. Your monthly payment is automatically debited from your Popular deposit account.3 Save time and money!
  • Tax Deductible: The interest you pay may be 100% tax deductible. Consult your tax advisor.

Popular Equity Advantage Line of Credit 1

Borrow up to 89.9% of your primary home’s value (Florida only up to 80%),
Single family, townhouses, condos and 2-4 unit residential properties are eligible
Borrow as little as $10,000.

  • Revolving credit line
  • 10 year draw period followed by a convenient repayment term 
  • Access your line by check, a transfer through online banking or a cash advance at a branch

Equity Advantage Line of Credit (Rate Lock Feature)

  • Fixed Rate Lock option4 available
    Lock up to 3 portions of your balance at one time. Repaid principal becomes part of your available line again.

You can apply now; feel free to contact your local branch or call our Customer Care Center at 1-888-317-9062 to help determine the best option for you and your family.

1All loans and lines of credit are subject to credit approval. Title insurance and other fees may apply to loans/lines over $500,000. 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 $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 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 $500,000.

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.

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