Home Equity Line of Credit (HELOC) Rates
Today's HELOC Rate:
2.95%
A Home Equity Line of Credit (HELOC) can help you tap into your home equity with the same flexibility as a typical line of credit or credit card and the low interest rates of a secured loan. You can borrow from and make payments to a HELOC at any time, and interest rates on HELOCs are typically much lower than other unsecured alternatives. Check out the latest rates.
| Lender | Rate | Annual Savings1 |
|---|---|---|
 TD | 2.95% | $3,410 |
 RBC | 2.95% | $3,410 |
 CIBC | 2.95% | $3,410 |
 BMO | 2.95% | $3,410 |
 HSBC | 3.20% | $3,360 |
2.40% | $3,520 | |
2.45% | $3,510 |
- Annual savings assumes interest-only payments on a $20,000 unsecured line of credit at 20% interest. See Additional Options to change the loan amount.
RBC Homeline Plan®
The RBC Homeline Plan® is an all-in-one lending solution that combines a traditional mortgage with a HELOC (RBC Royal Credit Line®). One of its advantages is that you can lock-in a rate for your HELOC to protect yourself from interest rate fluctuations. You can also divide your mortgage into fixed-rate and variable-rate portions. For terms and eligibility, talk to your local RBC branch advisor.
| Program | Term Length | Type | Rate |
|---|---|---|---|
RBC Homeline Plan® | 4-Year Fixed | Fixed | 2.69% |
RBC Homeline Plan® | 5-Year Fixed | Fixed | 2.89% |
RBC Homeline Plan® | 5-Year Variable | Variable | 2.40% |
BMO Readiline®
The BMO Homeowner ReadiLine® is BMO's combination mortgage and HELOC product. If you have 20% down-payment or equity in your home, you can borrow up to 80% of your home's value between a mortgage and line of credit. One of the features of Homeowner ReadiLine® is that your HELOC's credit limit increases as you make mortgage payments, allowing you to quickly tap into your extra home equity. For terms and eligibility, talk to your local BMO branch advisor.
| Program | Term Length | Type | Rate |
|---|---|---|---|
BMO Homeowner ReadiLine® | 1-Year Fixed | Fixed | 3.09% |
BMO Homeowner ReadiLine® | 2-Year Fixed | Fixed | 3.39% |
BMO Homeowner ReadiLine® | 3-Year Fixed | Fixed | 3.89% |
BMO Homeowner ReadiLine® | 4-Year Fixed | Fixed | 4.34% |
BMO Homeowner ReadiLine® | 5-Year Fixed | Fixed | 4.94% |
BMO Homeowner ReadiLine® | 5-Year Variable | Variable | 2.45% |
BMO Homeowner ReadiLine® | 6-Year Fixed | Fixed | 5.44% |
BMO Homeowner ReadiLine® | 7-Year Fixed | Fixed | 5.55% |
BMO Homeowner ReadiLine® | 10-Year Fixed | Fixed | 5.95% |
The above content and rates are for informational and educational purposes only. WOWA assumes no liability for the accuracy of information presented, and will not be held responsible for any damages resulting from its use. Please check with your financial advisor to see if a HELOC or related product is right for you.