You are welcomed to apply. Your invoice of this product does not imply you have actually been prequalified or pre-approved for any service or product we use. This is not a commitment to provide; you should send additional information for review and approval.

Merrill Lynch, Pierce, Fenner & Smith Inc., does not make dedications for or fund loans. Bank of America, N.A., (the "Bank") does not serve in a fiduciary capacity with regard to all services or products. Fiduciary standards or fiduciary responsibilities do not apply, for instance, when the Bank is providing or providing credit services, banking or custody services or recommendations to other affiliates of the Bank.

1You are welcomed to apply for a Home Equity Credit Line (HELOC). This is not a commitment to provide; you should send additional details for review and approval.

The regard to a HELOC is thirty years: 10-year draw period, 20-year payment duration. Residential or commercial property insurance is constantly needed and flood insurance is needed where required. Certain residential or commercial property types are not eligible collateral. If you choose the Interest Only Option, throughout the Draw Period the minimum regular monthly payment will be the amount of accumulated interest, plus any unsettled costs. Under the Amortizing Payment Option, the variable minimum monthly payment for both the Draw Period and the Repayment Period will be a quantity enough to repay the exceptional balance in principal and interest payments over the remaining term at the appropriate APR, based on a minimum payment of a minimum of $100. The minimum line quantity is usually $25,000, but lines as low as $15,000 are available in particular locations. Bank of America pays all closing expenses on lines up to and consisting of $1,000,000.

2 Please consult your tax advisor concerning interest deductibility.

3 Fixed-Rate Loan Option at account opening: You may transform a withdrawal from your home equity line of credit (HELOC) account into a Fixed-Rate Loan Option, leading to repaired month-to-month payments at a fixed rate of interest. The minimum HELOC quantity that can be transformed at account opening into a Fixed-Rate Loan Option is $5,000 and the optimum quantity that can be transformed is restricted to 90% of the maximum line quantity. The minimum loan term is 1 year, and the maximum term will not surpass the account maturity date.

Fixed-Rate Loan Option throughout loan term: You may transform all or a part of your outstanding HELOC variable-rate balance to a Fixed-Rate Loan Option, leading to fixed monthly payments at a set rates of interest. The minimum outstanding balance that can be transformed into a Fixed-Rate Loan Option is $5,000 from an existing HELOC account. The minimum loan term is 1 year, and the maximum term will not exceed the account maturity date. No greater than three Fixed-Rate Loan Options might be open at one time. Rates for the Fixed-Rate Loan Option are generally higher than variable rates on the HELOC.

HELOC funds may not be used to acquire, carry or trade securities or repay financial obligation incurred to purchase, bring or trade securities.

4 Lower your rates of interest when you established automatic payments at account opening from your Bank of America inspecting or savings account; by drawing and maintaining a preliminary certifying balance for at least the first three billing cycles; and when you're registered in Bank of America's Preferred Rewards program at the time of application submission.

5 Preferred Rewards Program Eligibility: You can register, and preserve your membership, in the Bank of America Preferred Rewards ® program if you have an active, qualified personal bank account with Bank of America ® and keep the balance required for among the balance tiers. The balance tiers are $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier and $1,000,000 for the Diamond Honors tier. Balances include your combined, certifying Bank of America bank account (such as inspecting, cost savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). You can satisfy the combined balance requirement for registration with either:
1. a three-month integrated typical everyday balance in your qualifying deposit and investment accounts, or
2. an existing combined balance, supplied that you enroll at the time you open your very first eligible individual bank account and satisfy the balance requirement at the end of at least one day within 30 days of opening that account.

Describe your Personal Schedule of Fees for details on accounts that qualify towards the combined balance computation and get program advantages. Eligibility to register is typically readily available 3 or more business days after the end of the calendar month in which you please the requirements. Benefits end up being efficient within 1 month of your registration, or for brand-new accounts within 30 days of account opening, unless we suggest otherwise. Bank of America Private Bank clients certify to enroll in the Diamond Honors tier regardless of balances. Certain benefits are also readily available without registering in Preferred Rewards if you please balance and other requirements. For details on Bank of America staff member qualification requirements, please call Employee Financial Services or refer to the Bank of America intranet website. Employees of companies taking part in the Bank of America Employee Banking and Investing Program may be qualified to take part on customized terms. Refer to CEBI Program for information.

6 Preferred Rewards Home Equity Line of Credit. Home Equity Line of Credit (HELOC) rates of interest discount rates are offered to clients who are enrolled or are eligible to enlist in Preferred Rewards, based upon their rewards tier at the submittal of home equity application (for co-borrowers, at least one applicant should be registered or eligible to enroll). Amount of discount (0.125% for Gold tier, 0.250% for Platinum tier, 0.375% for Platinum Honors tier, and 0.625% for Diamond Honors tier) is based upon the rewards tier at the submittal of home equity application and is exempt to modification after the application is sent. Benefit is non-transferable. Preferred Rewards home equity advantage can be combined with certain other home equity rate of interest discount rates. Credit and security subject to approval. Conditions use. Programs, rates, conditions subject to alter without notification.

Banking, mortgage and home equity items are provided by Bank of America, N.A., and connected banks, Members FDIC and completely owned subsidiaries of Bank of America Corporation. Bank of America, N.A. Equal Housing Lender. Credit and collateral are subject to approval. Terms use. This is not a dedication to lend. Programs, rates, conditions are subject to change without notification.