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Marcus’s storyHe used a HELOC to finish his basement, and kept his low mortgage rate the whole time.

⚡ HELOC offers in minutes

Tap into your equity and unlock bigger goals

Turn your home’s value into cash. Explore HELOC options with zero credit impact.

How much financing do you need?

Popular:

Access a flexible credit line on demand
Get up to $750,000 from trusted lenders
Find a match and get funded quickly

256-bit encryptionNo impact on your credit scoreYour information is never sold

Put your equity to work in 3 simple steps

From first question to funded, here is how it goes.

See what you could unlock

Homeowners can often borrow against a large share of their home’s value, minus what they still owe.

Qualify in minutes

Answer a few questions about your home, income and credit. It will not affect your score.

Get matched and funded

Compare offers from lenders, pick the best fit and get funded, often within a few weeks.

See what I qualify for

Compare your options

See how a HELOC stacks up against the other ways to use your equity.

	Home equity loan	Cash-out refinance	HELOC
How it works	A second loan that sits alongside your current mortgage.	A brand new mortgage that replaces the one you have.	A line of credit secured by your home.
Payment structure	Fixed monthly payments on one lump sum.	Payments are rolled into the new mortgage.	Pay on what you use, when you use it.
Core benefit	Cash in hand while keeping your mortgage rate.	More cash, but your rate can change.	Flexible access to funds over time, rate kept.
Rate type	Fixed	Fixed, often higher	Variable
	Learn more	Learn more	Learn more

Home equity loan, explained

A home equity loan is a second mortgage that pays you one lump sum. You repay it in fixed monthly instalments over a set term, usually 10 to 20 years, and your existing mortgage and its rate stay exactly as they are.

Best for: one big, known cost such as a renovation, or clearing high interest cards in one go.

Good to know: repayments start straight away, the rate will not drop if market rates fall, and most lenders want you to keep at least 15 to 20 percent equity in the home.

Cash-out refinance, explained

A cash-out refinance replaces your current mortgage with a bigger new one and hands you the difference in cash. You end up with a single monthly payment, but at today’s rate, which may be higher than the one you have now. Closing costs usually run a few percent of the new loan.

Best for: homeowners whose current rate is already high, or who want everything rolled into one payment.

Good to know: it restarts your mortgage term, lowers your equity, and you lose your old rate for good.

HELOC, explained

A HELOC is a revolving line of credit secured by your home, a bit like a credit card with a far lower rate. During the draw period, often around 10 years, you borrow only what you need, when you need it, and pay interest only on what you have used. A repayment period follows. Your first mortgage and its rate are untouched.

Best for: costs that arrive in stages, like a phased renovation or tuition, or simply having a safety net ready.

Good to know: the rate is variable so payments can move, they rise when the draw period ends, some lenders charge annual or draw fees, and most look for 15 to 20 percent equity plus a solid credit history.

Access cash for what matters

Homeowners use their equity for all sorts of goals.

Home upgrades

Fund renovations, repairs or projects that can add real value.

Consolidate debt

Roll high interest balances into one simpler monthly payment.

Major life moments

Cover education, medical costs or whatever matters most.

Questions? We have answers.

The things homeowners ask us most.

What is home equity?

Home equity is the difference between what your home is worth and what you still owe on it. If your home is worth $400,000 and your mortgage balance is $250,000, you have $150,000 of equity.

How much of it can I borrow?

Most lenders let you borrow against a large share of your home’s value, minus what you owe, while keeping some equity in the home. The exact figure depends on the lender, your credit and your income. Our form gives you an idea in about two minutes.

Will checking hurt my credit score?

No. Filling in our form does not touch your credit score. A lender will only run a full credit check later, if you decide to go ahead with an application.

Does my current mortgage have to change?

No. A HELOC or home equity loan sits alongside your existing mortgage. Your current rate and monthly payment stay exactly as they are. Only a cash-out refinance replaces your mortgage.

What can I use the money for?

Almost anything: renovations, paying off high interest cards, tuition, medical bills, a big purchase or simply a safety net. How you use it is up to you.

Is EquityPaths a lender?

No. EquityPaths is a free matching service. We take your answers and connect you with licensed lending partners who may be able to help. We never charge you a fee, and you are under no obligation.

Your credit score will not be impacted.

Important disclosures

EquityPaths is a marketing and matching service operated by JCMR LTD, a company registered in England and Wales. EquityPaths is not a lender, mortgage broker or financial adviser, does not make credit decisions and does not set rates or terms. Any loan, rate or term is offered solely by a third party lender, subject to that lender’s own eligibility rules, and nothing on this site is a commitment to lend.

Lending partners in our network are licensed in the states where they operate. You can check any lender’s licence at nmlsconsumeraccess.org.

Borrowing against your home increases the debt secured on it. If you do not keep up repayments on a home equity loan or line of credit, you could lose your home. Consolidating debt into a loan secured on your home may increase the total amount you pay over the life of the loan. Individual results vary.

EquityPaths

Helping homeowners across the United States compare home equity options in minutes.

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