Loan Program
HELOC & Home Equity
Access your home's equity for goals beyond the first mortgage.
Who this program may fit
Homeowners with equity who want flexible access to funds without replacing their existing first mortgage.
Common uses
- Home improvements
- Debt consolidation
- Investment property down payment
- Major expenses
Key considerations
- A HELOC is a revolving line; a home equity loan is a fixed second lien
- Your home secures the debt
- Subject to equity, credit, and income guidelines
- May be used without replacing a low-rate first mortgage
Documents commonly requested
- Mortgage statement for the first lien
- Income documentation
- Property valuation
The process
- 1Review your equity position and goals
- 2Compare HELOC and home equity loan options
- 3Complete a secure application
- 4Underwriting and property review
- 5Draw or closing
Frequently asked questions
Ready to compare your options?
Schedule a strategy call tailored to your goals, income, and timeline.
This is not a commitment to lend. All loans are subject to credit approval, property approval, program guidelines, and applicable terms. Programs, rates, terms, and conditions are subject to change without notice. Not all applicants will qualify. Equal Housing Opportunity.
Angel Taipale, NMLS #1736690 — Bright Horizon Lending Inc., NMLS #2565670. Verify on NMLS Consumer Access