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BMO - Loan vs. Line of Credit: What�s the Difference?A home equity line of credit (HELOC) gives homeowners with at least 15% to 20% equity access to flexible financing. You can tap into that credit line for. Stop worrying about fluctuating interest rates � a Fixed-Rate HELOC with BMO offers you predictability and stability. Learn more today. What this means: BMO offered around the median mortgage rate of % and a median total loan cost of $6, to borrowers in BMO.