Regions Loan in a Line (LNL)

Home Equity

A Home Equity Line of Credit feature

Loan in a Line allows you to convert all or a portion of your outstanding (variable rate) balance to a fixed rate with a fixed term, offering:

  • Peace of mind and stability – unlike a variable rate that can fluctuate, you'll always know what your rate and payment will be
  • Savings – when you lock in a low rate, you can potentially save money over time if rates increase
  • Flexibility – you can choose to lock in all or a portion of your balance. As you pay down your Loan in a Line balance, the difference becomes available again as funds that can be “re-borrowed” under your home equity line of credit variable rate

 

Loan in a Line (LNL) All States* (Except Texas) Texas Only
Product Features

Allows you the option to lock in all or a portion of your Home Equity Line of Credit balance into a fixed rate and fixed term.   You may have up to 10 locks at any given time.

Term 3, 5, 7, 10 or 15 years; not to exceed remaining term on the Equity Line   legal disclaimer number1 3, 5 or 7 years; not to exceed remaining term on the Equity Line legal disclaimer number1
Loan Amount $5,000 up to outstanding line balance
Repayment
  • Fixed payments to repay LNL balance over the LNL term
  • Monthly payment for each LNL is added to the minimum payment due on the remaining balance for the total monthly payment on the account
Annual Percentage Rate (APR) Promotional APRs range as low as 4.125% up to 5.875% - Rates are based on lien position of the Home Equity Line and LNL term. Standard LNL rate equals to the Margin provided in the EssentiaLine Credit Agreement + Your Current EssentiaLine Variable APR. legal disclaimer number2
Automatic Payment Option Yes
Conversion Fee $100; waived if request form submitted within the first 30 days after account opening
Late Fee Late fee: 5% of payment amount
($29 minimum, $100 maximum)
*Applies to states where Regions has branch offices