Explore your options for Home Equity loans and HELOCs

Both options let you borrow against your home’s equity.

With a HELOC (Home Equity Line of Credit) you can:

• Borrow as needed over time
• Typically has a variable interest rate
• Works well for ongoing expenses

With a Home Equity Loan you can:

• Receive a lump sum upfront
• Typically has a fixed interest rate
• Fixed monthly payments

Choose a HELOC if you:

• Need flexibility to borrow over time
• Are covering ongoing expenses (like renovations)
• Are comfortable with variable rates

Choose a Home Equity Loan if you:

• Need a specific amount up front
• Prefer predictable monthly payments
• Want a fixed interest rate

• Debt consolidation
• Home improvements
• Home repairs
• Emergency expenses
• Education costs
• Investing
• Retirement planning
• Medical bills
• Major purchases

Typically up to 80-85% of your home’s value

Your loan amount depends on:

• Current home value
• Remaining mortgage balance
• Credit profile
• Income

Use this formula: (Home value × 85%) − remaining mortgage = available equity

Example:

• Home value: $500,000
• 85% of $500,000 = $425,000
• Mortgage balance: $200,000
• $425,000 - $200,000 = $225,000

Estimated equity: $225,000

1. Finish filling out our secure and simple form.
2. Get quotes from multiple lenders in two minutes or less.
3. Pick your best home equity loan rate and get a lump sum of cash to pay off in fixed installments.