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BMO Harris Bank - Money in your Eaves - HELOCIf you're considering a home equity product, this guide will help you understand the process of applying for a home equity loan or line of credit. Take a look. BMO offers HELOCs ranging from $25, to $, with variable interest rates. There is a year draw period with a year repayment term. Connect with us at BMO to discuss your home equity loan so we can help you put the equity in your home to work.