Cover costs using your home’s equity.

Get access to cash for the experiences that matter most to you. We are here to help you determine the best way to use the equity in your home to pay for planned or unexpected expenses.

What’s the best home equity financing solution for your situation?


A Home Equity Line of Credit or HELOC turns your home's equity into a line of credit you can use. Make payments only on the money you draw. Use our calculator to help estimate your rate and payments.

Maintain your current interest rate on your mortgage, while still obtaining cash
Choose either Principal and Interest payments or Interest only payments during the draw period
Funds become available for use as balance is paid down
Convert variable-rate balances to lock-in up to three fixed-rate loans at one time1, for the same, dependable monthly payment. Read more
No application fee, annual fee or closing costs 
There are no application or annual fees, or closing costs, but other fees may be charged when applicable.

Cash-Out Mortgage Refinance

Refinance your existing mortgage and get access to cash based on the existing equity you’ve built in your home. We offer multiple types of refinancing options with fixed and variable rate options.

Interest may be tax-deductible (depending on loan structure and your location) 
One convenient monthly payment
Closing costs will vary based on your location and loan amount
Could lower your interest rate or shorten your loan term
Funds are immediately available at loan closing
Consult your tax advisor.

Call our lending team at 1-800-294-0824, Mon – Fri 8:30 AM – 9 PM and Sat 10 AM-2 PM ET.

Articles & Guides


Understanding a Home Equity Line of Credit

M&T’s CHOICEquity can help you get the most out of your home’s value.

Learn More >

3 Reasons to Consider a Mortgage Refinance

Three ways refinancing a mortgage could have an immediate impact on your financial situation.

Read More >

Have questions about a home equity line of credit?

We have the answers to help you make the most of your home's equity.

Read More >
This information is being provided for informational purposes only and is neither a loan commitment nor a guarantee of any interest rate. If you choose to apply for a mortgage loan, you will need to complete our standard application. Our consideration for approval of your mortgage loan application will include verification of the information obtained in connection with your request, including but not limited to income, employment, asset, property value and/or credit information. Our loan programs are subject to change or discontinuation at any time without notice. Not all products are available in all states. Refinancing to reduce total monthly payments may lengthen repayment term or increase total interest expense. Interest rates are subject to change without notice.
M&T CHOICEquity is only available in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Vermont. Virginia, Washington, DC, and West Virginia. All loans and lines of credit are subject to credit approval. Additional terms and conditions may apply, depending on the type of collateral and other terms offered or chosen.
Consult your tax advisor.
There are no application or annual fees, or closing costs, but other fees may be charged when applicable.
All lending products are subject to credit and property approval. Certain conditions and restrictions apply. Refinancing to reduce total monthly payments may lengthen repayment term or increase total interest expense compared with your current situation. Products are not available in all states.
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 details.
The M&T CHOICEquity variable Annual Percentage Rate (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 9/22/2022 = 6.25%. Your non-discounted variable APR will be between Prime  - 0.51% (currently 5.74% APR) and Prime  + 7.04% (currently 13.29% APR) for variable rate lines of credit between $15,000 and $1,000,000, with a maximum loan to value 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%. 
Accounts closed within 36 full calendar months of your opening date are subject to reimbursement of 3rd party fees paid in connection with establishing your account. These fees will range for line sizes up to $1,000,000 as follows by state: CT: up to $4,153, DC: up to $4,760, DE: up to $3,556, MA: up to $3,561, MD: up to $17,854, ME: up to $2,963, NH: up to $3,093, NJ: up to $4,576, NY: up to $23,697, VA: up to $6,895, VT: up to $3,691, WV: up to $3,085. 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.