M&T CHOICEquity Rate Finder

Unlock your home’s equity with M&T’s CHOICEquity Account and you can count on competitive rates, a fast approval process and the prompt, professional attention you deserve. Use our rate finder to get started and see what rate you may qualify for. 

Apply for an M&T CHOICEquity by September 18, 2021 to receive a special introductory rate of 1.99% APR for the first 6 billing cycles (intro variable rate of Prime -1.26%). Variable rate as low as 2.99% to 10.04% APR thereafter.,

Lowest APR available on approved credit on M&T CHOICEquity accounts in second lien position with an LTV <70%. Other non-discounted variable APRs may apply ranging from Prime – 0.26% (currently 2.99% APR) and Prime + 6.79% (currently 10.04% APR) for variable rate lines of credit ranging from $15,000 up to $1,000,000 with a maximum loan to value ratio of 85.99%. Final APR is based on borrower credit profile (as reported to M&T by an outside reporting agency), loan to value (LTV), lien position, deposit relationship, line amount, and collateral state. APR will never be below the Minimum APR of 2.99% or above the Maximum APR of 15.90%. APR may vary monthly based on changes in the Prime Rate as published by The Wall Street Journal in its “Money Rates” table.  Prime rate as of 3/16/2020 = 3.25%.

Accounts canceled within 36 months of account opening are subject to reimbursement of 3rd party fees paid in connection with establishing the account. These fees will range for line sizes up to $1,000,000 as follows by state: CT: up to $4,145, DC: up to $4,760, DE: up to $3,555, MD: up to $17,853, NY: up to $23,696, NYC: up to $23,696, NJ: up to $4,576, VA: up to $6,894, WV: up to $3,084. These fees do not apply to PA properties. Property insurance and flood insurance, if applicable, are required. Other terms and conditions may apply. Rates are subject to change. M&T CHOICEquity accounts cannot be used to pay off existing M&T CHOICEquity or Home Equity accounts.
The M&T CHOICEquity Introductory variable Annual Percentage Rate (APR) of Prime – 1.26% (currently 1.99%) will apply only during the first six (6) billing cycles (“Introductory Period”) after your M&T CHOICEquity Account is opened. Thereafter, the APR, including the APR on any existing balance, will convert to the applicable non-discounted variable APR for the life of the line.  The minimum APR of 2.99% does not apply during the introductory rate period.

Rates are displayed as APRs.

SEE IMPORTANT DISCLOSURES AT THE BOTTOM OF THE PAGE.

 

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M&T Bank loans are only available in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and Washington, DC. If applying for a line that is secured by a home, your state of residency must be the same state as the property securing the line of credit. All loans and lines of credit are subject to credit approval.
Unless otherwise specified, all advertised offers and terms and conditions of accounts and services are subject to change at any time without notice. After an account is opened or service begins, it is subject to its features, conditions and terms, which are subject to change at any time in accordance with applicable laws and agreements. Please contact an M&T representative for full details.
The M&T CHOICEquity Introductory variable Annual Percentage Rate (APR) of Prime – 1.26% (currently 1.99%) will apply only during the first six (6) billing cycles (“Introductory Period”) after your M&T CHOICEquity Account is opened. Thereafter, the APR, including the APR on any existing balance, will convert to the applicable non-discounted variable APR for the life of the line.  The minimum APR of 2.99% does not apply during the introductory rate period.