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Improve your comfort level with a home equity line of credit.

You worked hard to build equity in your home. But now you want your equity to start working for you. An Equity Optimizer Line of Credit may be the answer.

From now until June 30, 2013*:

  1. Enjoy virtually no interest during your first billing cycle for a home equity line of credit (0.001% APR for 30 days following loan closing, 4.00% - 6.00% variable APR after that).
  2. The flexibility of no minimum payment due during the first billing cycle ($75 minimum payment due or accrued finance charges, whichever is greater due monthly after that).
  3. Make your first minimum payment at the end of your first billing cycle (approximately 60 days from closing).

These special terms are available only on HELOCs with an approved credit limit of $50,000 or more when the application is received between January 2, 2013 – June 30, 2013.

*All loans and lines of credit are subject to program eligibility, collateral and underwriting requirements, and approval, including credit approval. Equity Optimizer APR: 4.00% - 6.00% variable. Maximum APR not to exceed 18%. Minimum APR (floor rate) in effect at closing will apply after expiration of promotional period (currently 4.00%). Special offers available only on applications received between 01/02/13 and 06/30/13 that close by 07/31/13. Loan Terms: BBVA Compass must receive a valid first or second real estate lien on a primary residence occupied by the borrower. Texas Loan Terms: Maximum credit line cannot exceed 50% of appraised value of property. BBVA Compass must receive a valid first or second real estate lien under Article XVI, Section 50(a) (6) of the Texas Constitution on a primary residence occupied by the borrower. Offer does not include manufactured homes or Equity Optimizers® secured by purchase money mortgages. Property insurance required, including flood insurance, where applicable. Minimum line amount is $10,000. $50 annual fee charged on the first anniversary date of the line and every year thereafter (not applicable in Texas). $75 fee for each fixed rate option, waived for the first transaction. Rates and terms are subject to change without notice. Closing Costs: You can choose between bank-paid or borrower-paid closing costs on new BBVA Compass home equity products with amounts ranging from $10,000 to $250,000. Credit requests for less than $10,000 or more than $250,000 shall be subject to actual closing costs incurred and permitted by law. Closing cost offer not available with refinance of a first mortgage. Rates advertised are based on the borrower paying all applicable closing costs. A higher rate will apply to your loan/line of credit if you choose to have the bank pay your closing costs. Closing costs paid by the lender will be recovered by the lender if the borrower pays the loan/line in full within two years (not applicable in Texas).

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