Access Your Home Equity
Tap into the equity you have built in your home without refinancing your first mortgage.
Flexible Line of Credit
Borrow only what you need, when you need it, up to your approved limit.
Keep Your Current Mortgage
A HELOC allows you to keep your existing first mortgage in place.
Why borrowers choose a HELOC
A HELOC can be a flexible way to access funds for a variety of needs while keeping your current mortgage structure intact.
Flexible borrowing
Access funds as needed during the draw period instead of taking a lump sum upfront.
Interest-only options
Some HELOC structures may offer interest-only payments during the draw period.
Keep a low first mortgage rate
A HELOC can be useful if you want to avoid refinancing out of a favorable existing mortgage rate.
Multiple use cases
Funds can be used for home improvements, debt consolidation, or other financial goals.
Who this option may be a good fit for
A HELOC may be worth considering if you have built equity in your home and want flexible access to funds without replacing your existing mortgage.
- Homeowners with available equity
- Borrowers who want flexible access to funds
- Homeowners keeping a low existing mortgage rate
- Borrowers planning home improvements
- Homeowners consolidating higher-interest debt
- Borrowers needing access to funds over time
What to expect
HELOCs have a different structure than traditional mortgages. We help review your equity, loan limits, and repayment structure so you understand how it works.
Draw period
You can access funds as needed during the draw period, up to your approved limit.
Repayment period
After the draw period ends, the loan transitions into a repayment phase.
Variable rates
Many HELOCs have variable interest rates that can change over time.
Equity requirements
Your available equity, credit profile, and overall financial picture all play a role in qualification.
HELOC FAQs
What is a HELOC?
A HELOC is a revolving line of credit secured by your home that allows you to borrow against your available equity.
Is a HELOC different from a cash-out refinance?
Yes. A HELOC keeps your existing mortgage in place, while a cash-out refinance replaces it with a new loan.
Can I use a HELOC for anything?
Funds can be used for many purposes, including home improvements, debt consolidation, or other financial needs.
Do HELOC payments change over time?
They can. Payments may vary depending on interest rates, balance usage, and whether you are in the draw or repayment phase.
Need help getting started?
We can help you review your HELOC options clearly. Call us, text us, or complete our secure online mortgage application.