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HOME EQUITY LINE OF CREDIT

Unlocking Value for Homeowners

Homeowners hold an average of $300,000 in home equity, making now a great time to take out a HELOC. You can retain your low-interest first mortgage rate while taking out a home equity loan or HELOC.

Higher borrowing limits

Homeowners can borrow up to $500K for home remodeling, debt consolidation, business start-ups or other expenses, which is typically a higher borrowing limit than personal loans.

Lower interest rates

Unlike personal loans, home equity loans typically offer lower interest rates because they leverage the equity you've built in your home as collateral.

Predictable monthly payments

Home equity loans have a fixed rate, so your monthly payment never changes. HELOCs usually have a variable rate unless you make another draw on the line of credit.⁴

Check your rate

Won't affect your credit score²

Why RefiGuide?

The RefiGuide provides a quick and easy way to get cash from your home equity from the comfort of your home with no hidden fees.

Fully online application

Apply and check your rate in minutes. Most borrowers can sign documents with an online notary.

No appraisal needed

Skip the stress and hassle involved with home appraisals, for nearly all applicants. Many lenders offer a HELOC with no appraisal required.

No hidden fees

No annual fees⁵or hidden closing costs , prepayment penalty, or fees to redraw. Just a simple one time origination fee.

Let us answer your questions

The main difference between a HELOC and a home equity loan is how you access the funds. With a HELOC, you can borrow from a revolving line of credit as needed, while a home equity loan provides a lump sum upfront.

You can borrow up to $500,000. Note that certain states have specific minimum loan amounts. The exact amount you may borrow depends on what you qualify for based on your application information. (credit score, combined loan to value and debt to income ratio)

It will not. When you check your rate, the system makes a soft credit inquiry on your report, which doesn't impact your credit score. If you accept your rate and proceed with your application, we will make a hard credit inquiry to verify your information. This action will be recorded as a hard inquiry on your report and it may impact your credit score.

It will not. When you check your rate, we make a soft credit inquiry on your report, which doesn't impact your credit score. If you accept your rate and proceed with your application, we will make a hard credit inquiry to verify your information. This action will be recorded as a hard inquiry on your report and it may impact your credit score.

Checking your rate takes as little as 10 minutes. Once you accept your rate, we have a seamless verification process. Once approved, it'll be an additional 3 business days in accordance with federal law to receive your funds.

Check how much equity you can access in minutes

Check your rate

Won't affect your credit score²

Won't affect your credit score

1. APRs as low as 6.52%: Terms shown here are subject to change without notice. APRs for initial advances range from 6.72% to 18.00% based on rates offered as of January 2026. The lowest rate is only available to consumers willing to become a member of a credit union and to those who meet a minimum FICO score of 780, CLTV under 70%, and DTI under 45%. Your actual rate will depend on many factors such as your credit history, combined loan-to-value ratio (CLTV), line amount, loan term, lien position, and property state. Origination fee to open an account is between 0% and 4.99% of the approved credit limit. The Annual Percentage Rate (“APR”) is variable and based on the Prime Rate as published in the Wall Street Journal “Money Rates” table plus or minus a margin. Your APR will never be less than 3.99% or greater than 18.00%. Property insurance is required.

2. Checking your rate won’t affect your credit score:When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information may be reported to the credit bureaus.

3. Closing and funding timeline: According to the MBA, In September 2025, 10% of funded HELOCs achieved a closing timeline of 2 days or less and a funding timeline of 8 days or less. This timeline assumes consumers close with our remote online notary, provide supporting documentation promptly, and ensure the information provided is accurate and consistent with our verification process. Delays, discrepancies, and other unforeseen factors may impact the closing timeline. MBA’s 2024 Home Lending Study reports an average industry closing time of 31 days.

Fixed rate on each draw:A Home Equity Line of Credit has a variable rate. The APR may change, but the APR that will apply to each draw will be fixed on the date the draw is made. Your APR will be the Prime Rate at the time of draw plus a margin fixed for the life of the HELOC.

4. Fixed rate on each draw: A Home Equity Line of Credit has a variable rate. The APR may change, but the APR that will apply to each draw will be fixed on the date the draw is made. Your APR will be the Prime Rate at the time of draw plus a margin fixed for the life of the HELOC.

5. No annual fee, prepayment penalty, or fees to redraw: Terms shown here are subject to change without notice. Origination fee to open an account is between 0% and 4.99% of the approved credit limit. The Annual Percentage Rate (“APR”) is variable and based on the Prime Rate as published in the Wall Street Journal "Money Rates" table plus or minus a margin. Your APR will never be less than 3.99% or greater than 18.00%. Property insurance is required. The information contained on RefiGuide.org website is for informational purposes only and is not an advertisement for products. The views and opinions expressed on this site are those of the respective authors and do not reflect the policy or position of this company or affiliates. RefiGuide.org is a website that provides information about mortgages. We do not directly offer mortgages, accept applications or approve loans but we work with partners who do. We are not responsible for the accuracy of rates, APR or loan information posted by banks, brokers, lenders or advertisers. Any connected advertisements do not imply affiliation or endorsement by any government agencyThis service is completely free and there is no obligation when you receive rate quotes from any of our competing mortgage companies. Neither RefiGuide.org nor its advertisers charge fees or require anything other than a submission of qualifying information for comparing offers online. Rates and loan guidelines are subject to change without notice. All material on this website is copyrighted. The material on this website should not be used or copied. This site is not a government agency, lender or bank. We are not affiliated with HUD, FHA, USDA or the VA. We do not offer any mortgage refinance products.

6. Homeowners hold an average of $311K in home equity: CoreLogic “Homeowner Equity Report – Q1 2025"