HELOC. Tap your equity, keep your mortgage
Borrow against your equity as you need it, and your first mortgage stays exactly as it is. We shop HELOCs and home equity loans with 130+ lenders.
What a HELOC is
A home equity line of credit is a second loan secured by your home. You draw from it as you need it, up to your limit, and pay interest only on what you use.
Prefer one lump sum? A closed-end second, or home equity loan, gives you the cash up front. Self-employed? Ask about a bank statement HELOC.
Who it fits
- Homeowners with a low first-mortgage rate they want to keep
- Remodels and projects paid for in stages
- Paying off higher-interest debt
- Self-employed owners (bank statement HELOC)
How it works with us
- Know your equityStart with a free Home Value Report, or tell us what you think the home is worth.
- One soft pullWe check your credit once, without affecting your score, and shop the file with 130+ lenders.
- Line or lump sumWe compare a HELOC with a home equity loan and a cash-out refinance, and show you which fits.
- CloseWe handle the lender and title, and get your line open.
What to have on hand
You don't need all of it to start. The application tells you what's missing.
- Your most recent mortgage statement
- Homeowners insurance declarations page
- Pay stubs covering the last 30 days and W-2s for the last two years
- Self-employed? 12 or 24 months of bank statements for a bank statement HELOC
Good to know
Does a HELOC replace my mortgage?
No. A HELOC is a separate second loan, so your first mortgage and its rate stay exactly as they are.
What's the difference between a HELOC and a home equity loan?
A HELOC is a line you draw from as you need it. A home equity loan, or closed-end second, gives you one lump sum up front.
Can I get a HELOC if I'm self-employed?
Yes. Some lenders offer bank statement HELOCs that qualify on your deposits instead of tax returns.
Is a HELOC or a cash-out refinance better?
If your current rate is low, a HELOC often comes out ahead because you keep it. We compare both for you.