Want to use the Equity in your home? Metro’s Flex HELOC simply can’t be beat. Get the best of both worlds: the flexibility to access your line-of-credit when you need it, plus if it looks like rates might go up, you have the ability to lock in a portion or all of your balance at a fixed rate whenever you want. And, you may be eligible to use 110%* of your home’s value.
Give our HELOC experts a call to find out rates, payments, and terms, and how much of your home’s value you can access.
Financial Calculators
Home Equity Line of Credit
Line of Credit Payoff
Which product is right for you?
Details
|
Variable
HELOC
|
Flex 90
HELOC*
|
Flex 100
HELOC*
|
Flex 110
HELOC*
|
Maximum Loan-to-Value
(1st MTG & HELOC)
|
100%
|
90%
|
100%
|
110%
|
Minimum Required Limit
|
$5,000 |
$10,000 |
$10,000 |
$10,000 |
Term
|
15 years |
15 years |
15 years |
15 years |
Draw Period
|
10 years |
10 years |
10 years |
10 years |
Interest Rate
|
Variable |
Variable |
Variable |
Variable |
Payment
|
1.4% of Balance
($50 minimum) |
Up to three parts:
1) Variable Rate Portion
(1.4% of balance)
2) Lock 1
(Fixed Rate)
3) Lock 2
(Fixed Rate) |
Up to three parts:
1) Variable Rate Portion
(1.4% of balance)
2) Lock 1
(Fixed Rate)
3) Lock 2
(Fixed Rate) |
Up to three parts:
1) Variable Rate Portion
(1.4% of balance)
2) Lock 1
(Fixed Rate)
3) Lock 2
(Fixed Rate) |
Locks
(60, 120 or 180 months)
|
N/A |
Lock up to four times at a fixed rate and term |
Lock up to four times at a fixed rate and term |
Lock up to four times at a fixed rate and term |
*Flex HELOCs are limited to owner occupied single family residences. A $100 processing fee and appraisal fees up to $500 may apply. HELOCs are subject to credit approval. Other restrictions may apply.
*Flex HELOCs are limited to owner occupied single family residences. A $100 processing fee and appraisal fees up to $500 may apply. HELOCs are subject to credit approval. Other restrictions may apply.