Tap your equity.
Keep your rate.

A HELOC is a home equity line of credit: a revolving credit line secured by your home's equity that leaves your existing mortgage, and its rate, completely untouched. Draw what you need, when you need it, and pay interest only on what you use.

Locked a great rate years ago? A HELOC sits behind it as a second lien. You get the cash without refinancing away the best debt you'll ever have.

A renovation that bills in stages, tuition due each semester, a safety net you may never touch. Interest accrues only on what you actually draw.

Because it's secured by your home, a HELOC typically prices far below credit cards and personal loans for the same dollar borrowed.

Most lenders let you borrow up to 80 to 90% of your home's value minus what you owe. Your pro sizes it across 45+ lending partners.

Typically 10 years of open access: draw, repay, and draw again like a credit card, usually with interest-only minimums.

The line closes and the balance amortizes, commonly over 20 years. Your pro maps the payment jump before you sign, not after.

Pay it off, refinance it into your first mortgage when rates favor it, or keep it open as a standing safety net.

Most lenders allow a combined loan-to-value of 80 to 90%: your home's value, times that percentage, minus your current mortgage balance. Your pro shops the limit across 45+ lending partners.

No. It's a separate second lien. Your first mortgage, its rate, and its payment stay exactly as they are.

Traditionally variable, tied to the prime rate, but many of our lending partners offer fixed-rate draw options that lock a portion of your balance. Ask your pro which fits your plan.

Often faster than a full refinance, and some programs use automated valuations instead of a full appraisal. More answers on the full FAQ →