Unlock wall
wealth.
Keep your rate.
Got an ultra-low 3% primary interest rate? Don't do a cash-out refinance and lose it. A HELOC or Home Equity Loan lets you tap your home's equity as a separate custom second mortgage.
Usable Equity Limits
Equity Cap Visualizer
HELOC vs. Home Equity Loan (HELOAN)
Understand the crucial design differences between revolving dynamic equity credit lines and static fixed installment borrowing.
Line of Credit (HELOC)
Revolving VariableA revolving credit line similar to a credit card but secured by your property. You draw cash as needed, pay back drawn amounts, and re-draw over a standard 10-year period.
- ✓ Variable index rate updates in tandem with WSJ prime pricing.
- ✓ Only pay interest on the precise cash you choose to draw.
- ✓ Ideal for staged home renovations or recurring tuition cycles.
Equity Loan (HELOAN)
Fixed InstallmentsA lump-sum second mortgage carrying a fully locked, static interest rate. You receive the entire loan upfront and pay it off via predictable, equal monthly payments.
- ✓ Absolute rate stability with static monthly payment forecasts.
- ✓ Fully amortized over a 15, 20, or 30-year span.
- ✓ Ideal for rigid high-interest credit card consolidation.
Determine Your Maximum Borrowing Power
Lenders generally restrict combined first and second mortgage loans (CLTV) to 80% of your real property appraisal. Adjust values below to size your room.
By leaving your primary mortgage untouched, you maintain your original 1st lien interest rate. A HELOC can segment your high-rate consolidation into manageable draws.
*Appraisals are subject to final real site valuations and automated valuation filters. Estimated borrowing ranges do not represent strict lending pre-approvals.
Tap your equity safely.
Establish free equity rate watchers. Lowi AI calculates dynamic Prime indexes and alerts you in real-time when HELOC margins fall.