HELOC.
A credit line on your home. You keep your first mortgage.
Get my rateNext is a short form. Alexander reviews it and contacts you with your options.
Who it fits
- You like the rate on your first mortgage and want to keep it.
- You want to draw money as you need it.
- You have equity in your home.
Know this first
- Your home secures the line. If you do not repay, you could lose it.
- Most HELOC rates are variable, so your payment can change.
- There is a draw period, then a repayment period. Fees can apply.
Common questions
HELOC or cash-out refinance?
A HELOC adds a second loan and keeps your first. A cash-out refinance replaces your first loan with a bigger one. We run both with your numbers.
Does a HELOC replace my mortgage?
No. You keep your mortgage and make a separate HELOC payment.
Subject to credit approval and lender guidelines. Not available in every state. Not an offer or commitment to lend.
Get started
Put us to work on your rate.
What happens after you send this:
- Alexander reviews what you sent.
- He contacts you and asks anything he still needs.
- He compares lender options and walks you through them.
We got it.
Alexander will reach out soon. Need us sooner? Call (248) 239-1919.