Introductory Rate
applies to balances of the first six monthly statement cycles after the account open date.
Later variable rate as low as
Introductory Rate
applies to balances of the first six monthly statement cycles after the account open date.
Later variable rate as low as
Introductory Rate
applies to balances of the first six monthly statement cycles after the account open date.
Later variable rate as low as
Introductory Rate
applies to balances of the first six monthly statement cycles after the account open date.
Later variable rate as low as
Introductory Rate
applies to balances of the first six monthly statement cycles after the account open date.
Later variable rate as low as
No matter what your current needs are, your home equity can make it happen, for less.
Your payment will increase if the APR increases (maximum rate is 18%) or at the end of your draw period when your account goes into repayment.
Compared to most personal loans or credit cards, a home equity line of credit provides much more flexibility and, often, much lower interest rates.
Control
Borrow as you need, and only pay interest on the amount you use.
Flexibility
You can transfer any or part of your variable-rate loan into a fixed-payment option at any time during your draw period.
Convenience
Utilize your equity line by using your Comerica Premier Equity Access Card anywhere Mastercard® debit cards are accepted (not available in Texas) or by writing checks5.
Lower rates
Since it is a secured line of credit, a home equity line of credit is often several points lower than a traditional, unsecured loan.
Tax benefits
Your interest payments may be tax-deductible. Consult your tax advisor.
With a Comerica Home Equity FlexLine®, you can borrow against the available equity in your home (up to 80% of the value of your home, minus what is owed).
Revolving source of funds:
You can borrow against your line of credit.
Interest-only payment:
You’re approved for a total line of credit, but you will only pay interest on the amount you have drawn.
Automatic payments:
Your monthly FlexLine payment can be deducted right from your Comerica checking or savings account.
Flexible terms:
Get up to 10 years to draw (draw period) on your credit line and up to 20 years to repay.
Capitalize on your home equity with a Comerica Home Equity FlexLine®, and maximize your:
Member FDIC. Equal Opportunity Lender.
Comerica Bank NMLS ID: 480990
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Michigan:
1 The Introductory Annual Percentage Rate (APR) of 2.49% is for home equity line of credit accounts only and applies to balances on the first six monthly statement cycles after the account open date, which changes to a variable APR as low as 3.75% at the end of the introductory period for line amounts $100,000 or greater. This rate includes a 0.25% discount for maintaining an automatic payment from a Comerica Bank deposit account. Non-discounted APRs as of 6/30/2021 range from 4.00% to 7.75% APR. Your margin, rate and payment may differ based upon loan amount, collateral value, credit history and additional banking relationships. To receive this rate, the application must be submitted between July 1, 2021 and December 31, 2021, and the loan must close within 60 days of application date. This special offer is for a limited time only and cannot be combined with any other offers or special promotions. After the introductory rate expires, your rate will never be lower than 3.50% or higher than 18%. APR is a variable rate that will change based on the prime rate as published in The Wall Street Journal (currently 3.25% as of July 1, 2021) plus a margin. A security interest will be taken in your home. Comerica reserves the right to modify or end this offer at any time. Subject to credit approval.
2 A cash advance fee of $2 to $15 applies. Early termination fee of 2% of credit limit with a max of $350, if account is closed within the first two years for Michigan customers. $50 annual fee (waived the first year) for Michigan customers. No title fees and no cost for the initial property valuation conducted by Comerica for credit line amounts less than or equal to $500,000. Additional property valuations, when requested by you, are at the sole discretion of the bank at your cost. Property insurance is required, and flood insurance may be required. If you close your loan in Florida, you will be responsible for reimbursement of Florida documentation stamp fees,which will be paid on your behalf if you keep your loan open for longer than 24 months.
3 A transfer to an amortizing fixed rate requires a minimum amount of $2,500. There is a $100 fee per transfer. You cannot have more than three fixed-rate parts at a time. You cannot request a transfer if you are in default.
4 Interest only lines of credit provide for the payment of interest only during the draw period and principal and interest payments for the remainder of the loan term. During the interest only draw period, monthly payments will not be less than $100. By only paying the minimum payment, it may not reduce the principal balance.
Texas:
1 The Introductory Annual Percentage Rate (APR) of 2.49% is for home equity line of credit accounts only and applies to balances on the first six monthly statement cycles after the account open date, which changes to a variable APR as low as 4.25% at the end of the introductory period for line amounts $100,000 or greater. This rate includes a 0.25% discount for maintaining an automatic payment from a Comerica Bank deposit account. Non-discounted APRs as of 6/30/2021 range from 4.50% to 7.75% APR. Your margin, rate and payment may differ based upon loan amount, collateral value, credit history and additional banking relationships. To receive this rate, the application must be submitted between July 1, 2021 and December 31, 2021, and the loan must close within 60 days of application date. This special offer is for a limited time only and cannot be combined with any other offers or special promotions. After the introductory rate expires, your rate will never be lower than 3.50% or higher than 18%. APR is a variable rate that will change based on the prime rate as published in The Wall Street Journal (currently 3.25% as of July 1, 2021) plus a margin. A security interest will be taken in your home. Comerica reserves the right to modify or end this offer at any time. Subject to credit approval.
2 No annual fee for Texas customers. No title fees and no cost for the initial property valuation conducted by Comerica for credit line amounts less than or equal to $500,000. Additional property valuations, when requested by you, are at the sole discretion of the bank at your cost. Property insurance is required and flood insurance may be required. If you close your loan in Florida, you will be responsible for reimbursement of Florida documentationstamp fees, which will be paid on your behalf if you keep your loan open for longer than 24 months.
3 A transfer to an amortizing fixed rate requires a minimum amount of $2,500. You cannot have more than three fixed-rate parts at a time. You cannot request a transfer if you are in default.
4 Interest only lines of credit provide for the payment of interest only during the draw period and principal and interest payments for the remainder of the loan term. During the interest only draw period, monthly payments will not be less than $100. By only paying the minimum payment, it may not reduce the principal balance.
5 $4,000 minimum draw in Texas.
Florida:
1 The Introductory Annual Percentage Rate (APR) of 2.49% is for home equity line of credit accounts only and applies to balances on the first six monthly statement cycles after the account open date, which changes to a variable APR as low as 3.75% at the end of the introductory period for line amounts $100,000 or greater. This rate includes a 0.25% discount for maintaining an automatic payment from a Comerica Bank deposit account. Non-discounted APRs as of 6/30/2021 range from 4.00% to 7.50% APR. Your margin, rate and payment may differ based upon loan amount, collateral value, credit history and additional banking relationships. To receive this rate, the application must be submitted between July 1, 2021 and December 31, 2021, and the loan must close within 60 days of application date. This special offer is for a limited time only and cannot be combined with any other offers or special promotions. After the introductory rate expires, your rate will never be lower than 3.50% or higher than 18%. APR is a variable rate that will change based on the prime rate as published in The Wall Street Journal (currently 3.25% as of July 1, 2021) plus a margin. A security interest will be taken in your home. Comerica reserves the right to modify or end this offer at any time. Subject to credit approval.
2 A cash advance fee of $2 to $15 applies. Early termination fee of 2% of credit limit with a max of $350, if account is closed within the first two years for Florida customers. $50 annual fee (waived the first year) for Florida customers. No title fees and no cost for the initial property valuation conducted by Comerica for credit line amounts less than or equal to $500,000. Additional property valuations, when requested by you, are at the sole discretion of the bank at your cost. Property insurance is required, and flood insurance may be required. For line amounts of $500,000 or less, Comerica will pay certain closing costs, as applicable, including documentation stamp fees and intangibles tax fees, on your behalf. If you pay o and close your line of credit, within the first 24 months of account opening, you will be required to reimburse us for those closing costs.
3 A transfer to an amortizing fixed rate requires a minimum amount of $2,500. There is a $100 fee per transfer. You cannot have more than three fixed-rate parts at a time. You cannot request a transfer if you are in default.
4 Interest only lines of credit provide for the payment of interest only during the draw period and principal and interest payments for the remainder of the loan term. During the interest only draw period, monthly payments will not be less than $100. By only paying the minimum payment, it may not reduce the principal balance.
California:
1 The Introductory Annual Percentage Rate (APR) of 2.49% is for home equity line of credit accounts only and applies to balances on the first six monthly statement cycles after the account open date, which changes to a variable APR as low as 4.00% at the end of the introductory period for line amounts $100,000 or greater. This rate includes a 0.25% discount for maintaining an automatic payment from a Comerica Bank deposit account. Non-discounted APRs as of 6/30/2021 range from 4.25% to 7.75% APR. Your margin, rate and payment may differ based upon loan amount, collateral value, credit history and additional banking relationships. To receive this rate, the application must be submitted between July 1, 2021 and December 31, 2021, and the loan must close within 60 days of application date. This special offer is for a limited time only and cannot be combined with any other offers or special promotions. After the introductory rate expires, your rate will never be lower than 3.50% or higher than 18%. APR is a variable rate that will change based on the prime rate as published in The Wall Street Journal (currently 3.25% as of July 1, 2021) plus a margin. A security interest will be taken in your home. Comerica reserves the right to modify or end this offer at any time. Subject to credit approval.
2 A cash advance fee of $2 to $15 applies. Early termination fee of 2% of credit limit with a max of $500, if account is closed within the first three years for California customers. $80 annual fee (waived the first year) for California customers. No title fees and no cost for the initial property valuation conducted by Comerica for credit line amounts less than or equal to $500,000. Additional property valuations, when requested by you, are at the sole discretion of the bank at your cost. Property insurance is required and flood insurance may be required. If you close your loan in Florida, you will be responsible for reimbursement of Florida documentation stamp fees,which will be paid on your behalf if you keep your loan open for longer than 36 months.
3 A transfer to an amortizing fixed rate requires a minimum amount of $2,500. There is a $100 fee per transfer. You cannot have more than three fixed-rate parts at a time. You cannot request a transfer if you are in default.
4 Interest only lines of credit provide for the payment of interest only during the draw period and principal and interest payments for the remainder of the loan term. During the interest only draw period, monthly payments will not be less than $100. By only paying the minimum payment, it may not reduce the principal balance.
Arizona:
1 The Introductory Annual Percentage Rate (APR) of 2.49% is for home equity line of credit accounts only and applies to balances on the first six monthly statement cycles after the account open date, which changes to a variable APR as low as 4.50% at the end of the introductory period for line amounts $100,000 or greater. This rate includes a 0.25% discount for maintaining an automatic payment from a Comerica Bank deposit account. Non-discounted APRs as of 6/30/2021 range from 4.75% to 7.50% APR. Your margin, rate and payment may differ based upon loan amount, collateral value, credit history and additional banking relationships. To receive this rate, the application must be submitted between July 1, 2021 and December 31, 2021, and the loan must close within 60 days of application date. This special offer is for a limited time only and cannot be combined with any other offers or special promotions. After the introductory rate expires, your rate will never be lower than 3.50% or higher than 18%. APR is a variable rate that will change based on the prime rate as published in The Wall Street Journal (currently 3.25% as of July 1, 2021) plus a margin. A security interest will be taken in your home. Comerica reserves the right to modify or end this offer at any time. Subject to credit approval.
2 A cash advance fee of $2 to $15 applies. Early termination fee of 2% of credit limit with a max of $350, if account is closed within the first two years for Arizona customers. $50 annual fee (waived the first year) for Arizona customers. No title fees and no cost for the initial property valuation conducted by Comerica for credit line amounts less than or equal to $500,000. Additional property valuations, when requested by you, are at the sole discretion of the bank at your cost. Property insurance is required and flood insurance may be required. If you close your loan in Florida, you will be responsible for reimbursement of Florida documentation stamp fees,which will be paid on your behalf if you keep your loan open for longer than 24 months.
3 A transfer to an amortizing fixed rate requires a minimum amount of $2,500. There is a $100 fee per transfer. You cannot have more than three fixed-rate parts at a time. You cannot request a transfer if you are in default.
4 Interest only lines of credit provide for the payment of interest only during the draw period and principal and interest payments for the remainder of the loan term. During the interest only draw period, monthly payments will not be less than $100. By only paying the minimum payment, it may not reduce the principal balance.
