Home equity
Put Your Home Equity to Work
Explore a HELOC, a home equity loan or a cash-out refinance, with guidance on how each option could fit your goals.
Takes about 2 minutes. A quick inquiry, not a loan application.
Who it's for
Three ways to use your equity.
We help you evaluate the options based on your current mortgage, borrowing needs and budget, so you can keep your current mortgage or compare a new one.
Home equity line of credit
A HELOC gives you access to a credit line secured by your home. Draw and repayment rules depend on the lender, and rates are often variable, so payments can change. It may be worth exploring when you need flexibility for expenses over time.
Home equity loan
Generally provides a lump sum with a set repayment schedule. It can sit alongside your existing first mortgage, so you keep that loan in place. Compare the interest rate, payment, fees and total cost for the amount you need.
Cash-out refinance
Replaces your existing mortgage with a larger loan, with eligible proceeds paid to you after closing. We compare the new terms with your current loan, including closing costs and the effect on your overall payment. More on refinancing.
The details
Start with the full picture
Tell us your estimated property value, mortgage balance, how much you need and what you plan to use it for. We will discuss which available options are worth evaluating.
Your borrowing capacity depends on equity, credit, income, property details and lender requirements. These loans use your home as collateral; missing payments can put your home at risk. Consolidating unsecured debt also moves that debt onto your home.
Rates, fees, draw periods and repayment terms vary. Approval is subject to underwriting. For an independent overview, see the CFPB guide to comparing home equity options.
What we compare with you
- HELOC, home equity loan and cash-out side by side
- Keeping your current first mortgage or replacing it
- Fees, payment changes and total cost
- How each option fits your plans and budget
How it works
One conversation. Many lenders. Your choice.
As a broker, we don’t have one loan to sell you. We compare programs across lenders and walk you through the trade-offs in plain language.
Tell us your goal
A short inquiry: what you want to do, and how to reach you.
We review your options
A licensed loan officer looks at programs across our lender network.
You choose
Compare the trade-offs side by side. No pressure to move forward.
We guide you to closing
Application, processing and underwriting, with one team keeping you updated.
What is the difference between a HELOC and a home equity loan?
A HELOC is a credit line you can draw from over time, often with a variable rate. A home equity loan generally provides a lump sum with a set repayment schedule.
Do I have to refinance my first mortgage?
Not necessarily. A HELOC or home equity loan can sit alongside your existing first mortgage. A cash-out refinance replaces it.
What are the risks?
These loans use your home as collateral, so missing payments can put your home at risk. Consolidating unsecured debt also moves that debt onto your home.
How long does the mortgage process take?
It varies with the loan program and your application. Once we review your situation, a licensed loan officer will walk you through what to expect.
Compare programs
Explore other loan programs
Program availability, eligibility and guidelines vary by lender and may change without notice. All loans are subject to credit approval, underwriting guidelines and property eligibility. This is not a commitment to lend.
See what's possible for your next move.
Two minutes to tell us your goal. A licensed loan officer follows up personally.