Insight
HELOC or Cash-Out Refinance: Which Is Right for Me?
Homeowners can leverage their home equity to get more done. But how do you know which home equity loan option to choose?
Unlock Your Home Equity
Put your home to work. Cover upcoming expenses or pay off existing debt. Our flexible options make it easy.
Choose from a HELOC, Home Equity Loan, or a Cash-Out Mortgage Refinance.
Benefits
- Fast, easy online loan application
- Industry-leading low interest rates
- Streamlined financing process
- Award-winning customer service
Put Your Home To Work
Unsure which is best? Our mortgage experts can help you review your goals.
Call 888-546-2634 to talk with our team.
Home Equity Line of Credit (HELOC)
Take out money as you need it and only pay for what you use. Start with interest-only payments.
- A line of credit with a set limit
- Variable interest rate
- Flexible payment options
- Amounts from $30K - $250K
- 20-year loan: 10-year draw period, 10-year repayment period
Cash-Out Mortgage Refinance
Refinance your existing mortgage for a larger loan amount to get the money you need.
- A lump sum of money
- Fixed or variable interest rate
- Set monthly payments
- Amounts from $50K - $5 million+
- 15-, 20-, 30-, and 40-year loan options
Home Equity Loans are here.
Access your home equity with a lump sum and a fixed rate. Leverage your equity to consolidate debt, start a new home project, and more.
How Can I Use the Money?
There are no limits on how you use the cash you receive:
- Pay for college tuition, medical bills, or other large expenses
- Pay off high-interest loans or credit cards
- Finance improvements or major repairs to your home
- Invest in an additional property or business venture
- Maintain extra cash for emergencies
Get a Personalized Home Equity Offer
It’s quick and easy to get started.
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Mortgage Calculator
Use our mortgage calculator to help you set a realistic budget and determine a perfect home loan fit.
Insight
First-Time Mortgage Refinance Guide
Worried that refinancing your home loan will be too much effort? Check out this guide.