Home equity options for homeowners
How homeowners can put their home equity to work.
Learn how home equity options work and whether one could fit your goals. It takes about a minute, with no obligation.
Takes about 60 seconds · No obligation
- Licensed mortgage professionals
- Works alongside a first mortgage
- NMLS #1717191
Common uses
What homeowners use home equity for
Here are a few of the most common reasons homeowners tap their home equity.
Home improvements
Kitchens, additions, a new roof, and other projects that add comfort or value.
Debt consolidation
Some homeowners use home equity to pay off higher-interest balances.
Other goals
Some homeowners use equity toward a second property, a business, or another long-term goal.
Reserve funds
Some options let borrowers draw funds only when needed, up to the approved limit.
Home equity options
Three ways homeowners tap their equity
Each works differently. I will help you compare them and see whether one fits.
HELOC
A home equity line of credit: a revolving line secured by the home. Borrowers draw what they need, when they need it. Rates are generally variable.
Home equity loan
A one-time lump sum secured by the home and repaid over a set term. Rates are generally fixed.
Home equity investment
Funds from an investor in exchange for a share of the home's future value. It works differently from a loan and can cost more over time.
Availability and terms vary by provider and state.
Simple by design
How it works
Tell us how to reach you
Share your name and contact details. It takes about 30 seconds.
Tell us about your home
Share your address, what you'd use the funds for, and your timeline. Then book a call that works for you.
Talk with me
I will walk you through your options. Move forward only if it's the right fit.
Good to know
Frequently asked questions
What are home equity options?
Home equity options let homeowners access the value they have built up in a home. The most common are a home equity line of credit (HELOC), a home equity loan, and a home equity investment (HEI). Each works differently, and I will walk through which, if any, could fit.
What's the difference between a HELOC, a home equity loan, and an HEI?
A HELOC is a revolving line of credit that borrowers draw from as needed, usually with a variable rate. A home equity loan is a single lump sum repaid over a set term, usually at a fixed rate. A home equity investment is not a loan: an investor provides funds in exchange for a share of the home's future value.
Do these options replace a first mortgage?
Generally no. A HELOC or home equity loan is a separate loan secured by the home, and a home equity investment is a separate agreement, so an existing first mortgage and its rate stay as they are.
Does checking options affect credit?
Reviewing your options doesn't require a credit pull. You'll authorize one before any formal application.
How much can be accessed?
It depends on the home's value, the balance owed, credit, and provider guidelines. I will review the numbers with you and give you a real answer.
What are the risks?
A HELOC or home equity loan is secured by the home, so failure to repay could result in its loss, and HELOC rates are generally variable and can change. A home equity investment usually means sharing part of the home's future value, which can reduce what the homeowner keeps when the home is sold or the agreement ends. Costs and terms vary. I will walk through the costs and risks before you decide.