Home equity & HELOC
Borrow against your equity without touching your first mortgage.
A home equity loan or line of credit (HELOC) lets you borrow against the equity you've built while keeping your existing first mortgage in place. People use it for renovations, consolidating debt, tuition, or business needs. It's the alternative to a cash-out refinance when you'd rather not touch a first mortgage you're happy with.
- 01Homeowners with a low first-mortgage rate they want to keep
- 02Owners funding a renovation or large expense
- 03Anyone who wants a flexible line rather than a lump sum
Keep your first mortgage
Unlike a cash-out refinance, a HELOC sits behind your existing loan, so you don't disturb a good first-mortgage rate.
Lump sum or line
A home equity loan gives a fixed lump sum; a HELOC is a line you draw as needed. We pick based on how you'll use it.
Real purposes
Best used for things that build value or replace higher-interest debt. We make sure the use justifies the borrowing.
Home equity & HELOC, answered.
- HELOC or cash-out refinance, which should I use?
- If your first mortgage rate is low, a HELOC usually wins because it leaves that loan alone. If you'd benefit from redoing the whole mortgage, cash-out may be better. We compare both.
- What can I use a HELOC for?
- Anything, but it's smartest for renovations, consolidating higher-interest debt, or other goals that build or protect value. We'll talk through your plan.
That's what the first call is for.
Tell me your situation and I'll tell you which programs actually fit. Ten to fifteen minutes, no paperwork.
This page is general information about loan programs, not a commitment to lend or an offer of credit. Program availability, terms, and qualification depend on your situation and are subject to underwriting approval. Tareq Maayta, NMLS #1443073. Loans through Finance USA Corporation, NMLS #135625. Equal Housing Opportunity.