Compare ways to access your home equity.
Home equity is the difference between your home’s market value and the amount you owe on your mortgage.
Home equity line of credit
A home equity line of credit (HELOC) can be useful if you’re planning a major project with multiple expenses or if you want ongoing access to funds. HELOCs feature flexible repayment options and their rates are typically lower than credit cards.
Home equity loan
A home equity loan is worth considering if you have a large, one-time expense, or if you want to consolidate debt and focus on paying it off. It offers fixed rates and a steady repayment schedule for the life of the loan.
Smart Refinance
A Smart Refinance lets you tap into your home’s equity for major purchases, debt consolidation and other one-time needs. It may also help you save money with its no-cost closing option.
Cash-out refinance
A cash-out refinance lets you access the equity in your home and get cash at closing. It’s a great way to get new mortgage terms and borrow funds for one-time expenses at the same time.
Get a rate estimate.
Home equity loans and lines of credit can be great ways to fund major purchases. Find out what rates could be available for you with our rate and payment calculator.
Find the right approach for you.
Answer a few questions about your goals and financial situation, and we’ll help you find home equity options for your specific needs.
Apply at your own pace.
With our streamlined application process, you can apply using your phone, laptop or other portable device. It’s simple to upload documents – no fax machine or trip to the bank necessary! And if you need to step away from your application, just save it to finish later.
If you have any questions at all, our loan officers are just a phone call or email away.
Still not sure if a home equity loan or line is better for you?
You may be able to access funds you didn’t realize you had in the form of a home equity loan or line of credit, as long as you have some equity in your home. Understand how they differ, so you can make the right choice.
Equal Housing Lender