Your home may be your most valuable asset. Unlock your home’s equity with M&T’s CHOICEquity Account and you can count on competitive rates and outstanding service.
Apply before July 10th to receive a special Introductory Rate offer.
Affordable, Flexible & Convenient
- Enjoy a revolving line of credit
- Choose to lock in up to 3 fixed-rate loans within your line of credit, and enjoy the dependability of the same rate and payment amount every month
- Consider an interest-only payment option during your draw period
- Make payments only on the money you use
- Manage your account easily anytime, anywhere through M&T Online Banking
- Receive convenience checks to draw from your line of credit
- No application fee
- No Annual Fees
- No closing costs. However, if you close the account within 36 months after the date it is opened, you must reimburse us for certain fees we pay to third parties in connection with opening the account. Reimbursement of fees does not apply to accounts secured by properties located in the state of Pennsylvania
Eligible Loan-to-Value Range, Minimum & Maximum Loan Amount
- Maximum Loan-to-value (LTV)
- 85.99% for primary residences (certain restrictions apply);
- 70.99% for manufactured homes
- 70.99% for vacation properties.
- Minimum Loan Amount: $15,000
- Maximum Loan Amount: $1,000,000 for primary residences/$250,000 for vacation homes
- 1- to 4-family owner-occupied homes, town homes and condominiums
- Vacation homes (only available for lines up to $250,000)
- Deeded manufactured homes (only available for lines up to $100,000)
Term, Interest Rates & Payment Options
- Line of Credit features a 10-year draw period followed by a 20-year repayment period
- Convert some or all of your balance to a fixed-rate loan within your CHOICEquity Account
- Line of Credit features a variable rate
- CHOICE Loan segment features a fixed rate for the duration of the selected term
- Variable Line of Credit
- During the draw period, make either interest-only or principal and interest payments for the first 10 years
- During the repayment period, make the principal and interest payments
- Fixed Rate Loan Segment: principal and interest payments at a fixed rate and term
- For example, borrow $25,000 for as little as $160 per month. Terms and conditions apply.
Make a Payment
Already have a home equity line of credit with M&T? We offer a number of different ways to make your payment, so you can choose the most convenient method for you.