The M&T CHOICEquity Account is secured by your home and turns your home's equity into a line of credit you can use. Use as much or as little of your line as you need – for home improvements, debt consolidation, education expenses or other major purchases such as a car or even a vacation.

• Enjoy a revolving line of credit
• Choose to lock in up to 3 fixed-rate loans{{d1415*}} 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, annual fee, or closing costs{{d971*}} {{d1415*}}
• Exclusive rate discounts for qualified checking relationships{{d961*}}

•  Maximum  Loan-to-Value​{{d154*}}, {{d106*}}​ (LTV)
  • 85.99% for p​rimary residences (certain restrictions apply)
  • 70.99% for manufactured homes
  • 70.99% for vacation properties
• ​​​Minimum Loan Amount: $15,0​00
• ​​Maximum Loan Amount: $1,000,000{{d11*}} for primary residences/$250,000 for vacation homes

• 1 to 4-family owner-occupied homes, town homes and condom​​iniums
• Vacation homes (only available for lines up to $250,000)
• Deeded manufactured homes (only available for lines up to $100,000)​{{d161*}}

• 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 [[ExampleAmount]] for as little as [[ExamplePayment]] per month.{{d822*}} Terms and conditions apply.

Common CHOICEquity Line of Credit Fees (PDF) >

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.

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