Now is the time for a

Comerica Home Equity Flexline®.

Arizona

California

Florida

Michigan

Texas

With great rates, and many homes quickly increasing in value,
the time to tap into your home equity is here. You’ve never been closer
to that big remodel, education or dream purchase than you are right now.

 

 

 

  • Low interest-only payments1
  • Fixed-rate options: Transfer any or part of your variable loan into
    fixed-payment option at any time during your draw period.

  • Tax benefits: Your interest payments may betax deductible. Consult your tax advisor.
  • Controlled payments: Borrow as you need,and only pay interest on the amount you use.

 

 

 

 

Your payment will increase if the APR increases (maximum rate is 18%)or at the
end of your draw period when your account goes into repayment.

 

Contact Us Now

CBHQ-4004-11 A (1) Tabs Landing Page

Benefits of a home equity line of credit

Compared to most personal loans or credit cards, a home equity line of credit
provides much more flexibility and, often, much lower interest rates.

How it works

With a Comerica Home Equity FlexLine, you can borrow against the available
equity in your home:

  • Up to 89.99% of the value of your home minus what is owed, for homes located in Michigan, California, Arizona and Florida.
  • Up to 80% of the value of your home minus what is owed, for homes located in Texas. 

Revolving source of funds:

You can borrow against your
line of credit.

Interest-only payment:

You’re approved for a total line of
credit, but you will only pay interest
on the amount you have drawn.

Automatic payments:

Your monthly FlexLine payment can
be deducted right from your Comerica
checking or savings account.

Flexible terms:

Get up to 10 years to draw (draw
period) on your credit line and up
to 20 years to repay.

Make it happen, while rates are low
and home values are high.

No matter what you’re dreaming about, a Comerica Home Equity FlexLine®
can put your dreams in reach:

Call ComericaCall ComericaFind a banking centerCall Me

Member FDIC. Equal Opportunity Lender.
Comerica Bank NMLS ID: 480990

ARIZONA:

1The Introductory Annual Percentage Rate (APR) of 2.99% is for home equity line of credit accounts only and applies to balances on the first six monthly statement cycles after the account open date, which changes to a variable APR as low as 5.75% at the end of the introductory period for line amounts $50,000 or greater. This rate includes a 0.25% discount for maintaining an automatic payment from a Comerica Bank deposit account. Non-discounted APRs as of 06/30/2018 range from 6.00% to 8.75% APR. Your margin, rate and payment may differ based upon loan amount, collateral value, credit history and additional banking relationships. To receive this rate, the application must be submitted between July 1, 2018 and December 31, 2018, and the loan must close within 60 days of application date. This special offer is for a limited time only and cannot be combined with any other offers or special promotions. After the introductory rate expires, your rate will never be lower than 3.50% or higher than 18%. APR is a variable rate that will change based on the prime rate as published in the Midwest edition of The Wall Street Journal (currently 5.00% as of June 30, 2018) plus a margin. A security interest will be taken in your home. Comerica reserves the right to modify or end this offer at any time. Subject to credit approval.

2A cash advance fee of $2 to $15 applies. $350 early termination fee, if account is closed within the first two years for Arizona customers. $50 annual fee (waived the first year) for Arizona customers. No title fees and no cost for the initial property valuation conducted by Comerica for credit line amounts less than or equal to $500,000. Additional property valuations, when requested by you, are at the sole discretion of the bank at your cost. Property insurance is required and flood insurance may be required.

3A transfer to an amortizing fixed rate requires a minimum amount of $2,500. There is a $100 fee per transfer. You cannot have more than three fixed-rate parts at a time. You cannot request a transfer if you are in default. Mastercard is a registered trademark of Mastercard International Incorporated.

CALIFORNIA:

1The Introductory Annual Percentage Rate (APR) of 2.99% is for home equity line of credit accounts only and applies to balances on the first six monthly statement cycles after the account open date, which changes to a variable APR as low as 6.00% at the end of the introductory period for line amounts $50,000 or greater. This rate includes a 0.25% discount for maintaining an automatic payment from a Comerica Bank deposit account. Non-discounted APRs as of 06/30/2018 range from 6.25% to 8.75% APR. Your margin, rate and payment may differ based upon loan amount, collateral value, credit history and additional banking relationships. To receive this rate, the application must be submitted between July 1, 2018 and December 31, 2018, and the loan must close within 60 days of application date. This special offer is for a limited time only and cannot be combined with any other offers or special promotions. After the introductory rate expires, your rate will never be lower than 3.50% or higher than 18%. APR is a variable rate that will change based on the prime rate as published in the Midwest edition of The Wall Street Journal (currently 5.00% as of June 30, 2018) plus a margin. A security interest will be taken in your home. Comerica reserves the right to modify or end this offer at any time. Subject to credit approval.

2A cash advance fee of $2 to $15 applies. $500 early termination fee, if account is closed within the first three years for California customers. $80 annual fee (waived the first year) for California customers. No title fees and no cost for the initial property valuation conducted by Comerica for credit line amounts less than or equal to $500,000. Additional property valuations, when requested by you, are at the sole discretion of the bank at your cost. Property insurance is required and flood insurance may be required.

3A transfer to an amortizing fixed rate requires a minimum amount of $2,500. There is a $100 fee per transfer. You cannot have more than three fixed-rate parts at a time. You cannot request a transfer if
you are in default.

Mastercard is a registered trademark of Mastercard International Incorporated.

FLORIDA:

1The Introductory Annual Percentage Rate (APR) of 2.99% is for home equity line of credit accounts only and applies to balances on the first six monthly statement cycles after the account open date, which changes to a variable APR as low as 5.25% at the end of the introductory period for line amounts $50,000 or greater. This rate includes a 0.25% discount for maintaining an automatic payment from a Comerica Bank deposit account. Non-discounted APRs as of 06/30/2018 range from 5.50% to 8.75% APR. Your margin, rate and payment may differ based upon loan amount, collateral value, credit history and additional banking relationships. To receive this rate, the application must be submitted between July 1, 2018 and December 31, 2018, and the loan must close within 60 days of application date. This special offer is for a limited time only and cannot be combined with any other offers or special promotions. After the introductory rate expires, your rate will never be lower than 3.50% or higher than 18%. APR is a variable rate that will change based on the prime rate as published in the Midwest edition of The Wall Street Journal (currently 5.00% as of June 30, 2018) plus a margin. A security interest will be taken in your home. Comerica reserves the right to modify or end this offer at any time. Subject to credit approval.

2A cash advance fee of $2 to $15 applies. $350 early termination fee, if account is closed within the first two years for Florida customers. $50 annual fee (waived the first year) for Florida customers. No title fees and no cost for the initial property valuation conducted by Comerica for credit line amounts less than or equal to $500,000. Additional property valuations, when requested by you, are at the sole discretion of the bank at your cost. Property insurance is required and flood insurance may be required.

3A transfer to an amortizing fixed rate requires a minimum amount of $2,500. There is a $100 fee per transfer. You cannot have more than three fixed-rate parts at a time. You cannot request a transfer if you are in default.

Mastercard is a registered trademark of Mastercard International Incorporated.

MICHIGAN:

1The Introductory Annual Percentage Rate (APR) of 2.99% is for home equity line of credit accounts only and applies to balances on the first six monthly statement cycles after the account open date, which changes to a variable APR as low as 5.25% at the end of the introductory period for line amounts $50,000 or greater. This rate includes a 0.25% discount for maintaining an automatic payment from a Comerica Bank deposit account. Non-discounted APRs as of 06/30/2018 range from 5.50% to 8.75% APR. Your margin, rate and payment may differ based upon loan amount, collateral value, credit history and additional banking relationships. To receive this rate, the application must be submitted between July 1, 2018 and December 31, 2018, and the loan must close within 60 days of application date. This special offer is for a limited time only and cannot be combined with any other offers or special promotions. After the introductory rate expires, your rate will never be lower than 3.50% or higher than 18%. APR is a variable rate that will change based on the prime rate as published in the Midwest edition of The Wall Street Journal (currently 5.00% as of June 30, 2018) plus a margin. A security interest will be taken in your home. Comerica reserves the right to modify or end this offer at any time. Subject to credit approval.

2A cash advance fee of $2 to $15 applies. $350 early termination fee, if account is closed within the first two years for Michigan customers. $50 annual fee (waived the first year) for Michigan customers. No title fees and no cost for the initial property valuation conducted by Comerica for credit line amounts less than or equal to $500,000. Additional property valuations, when requested by you, are at the sole discretion of the bank at your cost. Property insurance is required and flood insurance may be required.

3A transfer to an amortizing fixed rate requires a minimum amount of $2,500. There is a $100 fee per transfer. You cannot have more than three fixed-rate parts at a time. You cannot request a transfer if you are in default.

Mastercard is a registered trademark of Mastercard International Incorporated.

TEXAS:

1 The Introductory Annual Percentage Rate (APR) of 2.99% is for home equity line of credit accounts only and applies to balances on the first six monthly statement cycles after the account open date, which changes to a variable APR as low as 5.75% at the end of the introductory period for line amounts $50,000 or greater. This rate includes a 0.25% discount for maintaining an automatic payment from a Comerica Bank deposit account. Non-discounted APRs as of 06/30/2018 range from 6.00% to 8.75% APR. Your margin, rate and payment may differ based upon loan amount, collateral value, credit history and additional banking relationships. To receive this rate, the application must be submitted between July 1, 2018 and December 31, 2018, and the loan must close within 60 days of application date. This special offer is for a limited time only and cannot be combined with any other offers or special promotions. After the introductory rate expires, your rate will never be lower than 3.50% or higher than 18%. APR is a variable rate that will change based on the prime rate as published in the Midwest edition of The Wall Street Journal (currently 5.00% as of December 31, 2018) plus a margin. A security interest will be taken in your home. Comerica reserves the right to modify or end this offer at any time. Subject to credit approval.

2No annual fee for Texas customers. No title fees and no cost for the initial property valuation conducted by Comerica for credit line amounts less than or equal to $500,000. Additional property valuations, when requested by you, are at the sole discretion of the bank at your cost. Property insurance is required and flood insurance may be required.

3A transfer to an amortizing fixed rate requires a minimum amount of $2,500. You cannot have more than three fixed-rate parts at a time. You cannot request a transfer if you are in default.