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Home Equity Line of Credit

The source of your next big purchase could be right at your front door. Access the equity in your home to put life's plans into action using a City National Bank Home Equity Line of Credit (HELOC).1


Tap into the equity in your home.

Access credit lines from $25,000 to $5 million, only use the funds you need when you need them and only pay interest on the amount you use.2

Auto Debit Discount

Enjoy a 0.25% rate discount when your payments are automatically deducted from your City National checking or savings account.

Low Introductory Rate

1.75% introductory fixed APR for the first six months. After six months, variable rates of 3.25% to 9.125% apply. Terms and conditions apply.3

Low or No Closing Costs

Open a HELOC up to $1 million and pay little to nothing in closing costs.4

 

Revolving Line of Credit

Borrow for up to 10 years, and only pay interest on the borrowed amount.

 

Put your home equity to work.

Looking for other ways to borrow?

Our personal loans and lines of credit offer secured or unsecured financing and easy ways to access funds.5

FAQs

Call us or visit a branch and a Relationship Manager will help you open an application. If you're already a client, contact your Relationship Manager.

Interest on a home equity line of credit may be tax deductible. Consult with your tax advisor.6

You can use a home equity line of credit for a variety of financial obligations. However, most clients use HELOCs to help pay for large expenses such as college tuition or home improvements.

Simply write out a check, or request a telephone transfer for the amount you need. HELOC checks work just like your checking account — only you know it's a loan.

We offer credit lines from $25,000 to $5 million (if secured by a first lien; the maximum is reduced to $2 million if secured by a second lien).


Let's get started.


Send us your information and a member of our team will contact you to dicuss your home equity and financing needs. 


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1. HELOCs are subject to credit and property review and approval. Your HELOC must be secured by a first or second lien on a 1-4 unit residential dwelling. HELOCs are not available in Texas. Additional terms and conditions apply. Not all applicants will qualify. All stated APRs, margins, and discounts are subject to change without notice.

2. Interest-only payments are available during the 10-year draw period.

3. 1.750% introductory APR is fixed for the first six months. Following the initial six-month period, the APR will revert to the index plus margin (subject to any applicable minimum or maximum APRs) stated in the HELOC agreement. To receive the 1.750% introductory APR, clients must meet certain eligibility requirements. Please ask a City National Banker for details.

4. Closing costs vary by state. Other fees may be required. 

5. Subject to credit approval. 

6. City National, as a matter of policy, does not give tax, accounting, regulatory or legal advice. The effectiveness of the strategies presented in this document will depend on the unique characteristics of your situation and on a number of complex factors. Rules in the areas of law, tax and accounting are subject to change and open to varying interpretations. The strategies presented in this document were not intended to be used, and cannot be used for the purpose of avoiding any tax penalties that may be imposed. The strategies were not written to support the promotion or marketing to another person any transaction or matter addressed. Before implementation, you should consult with your other advisors on the tax, accounting and legal implications of the proposed strategies based on your particular circumstances.