Home Equity

With home values up and interest rates higher today than they have been in many years, one of the questions that has become common is, "how can I tap my home equity without giving up my low-interest rate mortgage?" 

Whether for home improvement, debt consolidation or financial reserves, for some, a Home Equity Line of Credit (HELOC) or a Home Equity Loan (HELOAN) is a good option.  These 2nd mortgages provide access to home equity while preserving the low-interest rate 1st mortgage as-is. 

If putting your home equity to work is something that you have considered but you don’t want to lose the low interest rate on your 1st mortgage by refinancing it, a HELOC or HELOAN may be worth a look.

Home Equity Loan Programs

  • Home Equity Line of Credit

  • Fixed-Rate Home Equity Line of Credit

  • Home Equity Loan

  • HomeSafe 2nd*

* HomeSafe 2nd is a reverse mortgage product available to borrowers 55 years of age and older. It provides a 2nd mortgage option with benefits similar to a reverse mortgage.

Home Equity Process

  • Discovery & Plan

    We discuss your refinance goals and qualifications for financing. Then, I provide financing options for your review and consideration. This process may include refining your refinance goals and financing options.

  • Application & Underwriting

    Your application is opened including documentation and a credit report. Your application package is submitted for underwriting approval.

  • Closing & Funding

    After final loan approval, closing documents are signed. Your new mortgage funds with the proceeds from the refinance delivered to you within a few days.