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BMO EMpower Summit: Driving Change Through InvestingFor both home equity loans and HELOCs, BMO Harris requires you to have at least 20% equity (or an LTV of 80%) in your house in order to qualify. Home equity loan interest rates. Fixed rate. As low as. % APR � $ Home equity loan interest rates. Fixed rate. As low as. % APR. BMO Harris HELOC offers home equity loans with a maximum term of 30 years with an additional draw period of up to 10 years. Is there a minimum draw requirement?
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