¹ Promotional HELOC Introductory Rate

Introductory Promotional Rate
Qualified customers may receive a promotional introductory Annual Percentage Rate (APR) of 5.99% on a Home Equity Line of Credit (HELOC). This promotional rate will be in effect for nine (9) months from the date of account opening.

Post-Introductory Promotional Rate
The variable interest rate will adjust to The Wall Street Journal (WSJ) Prime Rate +0.00%.

Auto-Debit Requirement
Enrollment in automatic debit payments from an Amerant Bank deposit account is required to qualify for the promotion. If automatic debit enrollment is cancelled, declined, or terminated at any time, the interest rate may increase accordingly.

Minimum Draw Requirement
A minimum initial disbursement of $100,000 is required at closing to qualify for the promotion.

Refinance Exclusion
This promotional offer is not available for refinance transactions, including refinancing of existing Amerant Bank HELOCs or home equity products.

Non-Qualifying Customers
Customers who do not meet the promotional rate requirements will receive standard HELOC pricing as follows:

Interest Rate: WSJ Prime Rate + 0.25% margin

AutoPay Discount: Customers may receive a 0.25% rate discount by enrolling in automatic debit from an Amerant Bank deposit account

Net Rate with AutoPay: WSJ Prime Rate + 0.00%

Additional Information
The WSJ Prime Rate is a variable rate and may change at any time. At no time will the APR exceed 18%. Changes to the Prime Rate will affect the interest rate and monthly payment amount. This offer is subject to credit approval, property valuation, and program guidelines. Additional terms, conditions, and fees may apply. Offer may be modified or withdrawn at any time without notice. The minimum line amount is $25,000. Certain eligibility requirements and restrictions apply for lines greater than $1,000,000. Discounts are subject to change at any time and cannot be combined with any other offer or discount.

For more information on Home Equity products, refer to “What You Should Know about Home Equity Lines of Credit,” a consumer information booklet prepared by the Consumer Financial Protection Bureau. Consult your tax advisor concerning interest deductibility.

² Amerant Bank will pay closing costs on lines of credit of up to $350,000. For lines over $350,000 and up to $2,500,000, closing costs may range from $1,000 to $26,500.

³ Information Regarding the Fixed-Rate Choice HELOC (FRC HELOC): Available only to United States citizens or resident aliens with a valid U.S. Taxpayer Identification Number. FRC HELOCs have a draw period of 10 years followed by a repayment period of 20 years, during which no advances may be made, resulting in a total loan term of 30 years. During the draw period, you may convert all or a portion of your outstanding FRC HELOC balance to a Fixed-Rate Loan Option (FRLO) for a term of 1, 3, 5, 7 or 10 years, resulting in fixed monthly payments on such balance at a fixed interest amortized over the selected term; provided, the fixed term does not extend beyond the draw period of the line. The minimum amount for a FRLO is $1,000. No more than 5 FRLOs may be outstanding at one time. Hazard, liability and windstorm insurance are required. Flood insurance may be required. Subject to credit approval and program requirements.

USA Patriot Act

To help the government fight the funding of terrorism and money laundering activities, the Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What does this mean for you? When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may ask to see your driver’s license or other identifying documents.

Know Your Customer

Managing a successful Know Your Customer (KYC) Program is a requirement of the U.S. banking system. Learn More.