Home Equity Lines of Credit

Your home can be a smart financial partner. For home improvement, college tuition, vacation, a new car — or for any other good reason — you won't find a better deal at any other area bank or credit union. Commerce Bank has the right home equity line of credit for you.

We offer financing at low variable rates. All our home equity line decisions are made locally, so you can count on a quick response.

You can begin your application process here, or pick up an application at any of our convenient branch locations.

A home equity line of credit is a mortgage on your home. Home equity lines of credit can be a very powerful tax-deductible financial tool. Since home equity credit is a type of mortgage, it shares lower interest rates and the tax advantages of mortgages. You can borrow up to $250,000 of your available home equity for virtually any purpose; in most cases, 100% of the interest paid each year is tax deductible. Ask your tax advisor regarding the possible tax benefits.

Taking out a home equity line of credit is a serious decision because it is a lien on your home. But there are many situations where it may be just what you need—from paying off higher- rate credit card bills, to covering college tuition.

If you already have a Commerce Bank deposit account, you can have your payments automatically deducted from your deposit account each month.  If you don’t, banking with us couldn't be simpler.  Click here to see the wide array of personal accounts we have available. Call your local branch, (800) 698-2265, or email us.