How much equity can you
tap with a HELOC?
Enter your home value, mortgage balance, and target draw to see your available credit line, draw-period payment, and what happens when repayment starts. Check your rate in 60 seconds — no commitment, no credit check.
How a HELOC works — and when to use one
A HELOC (Home Equity Line of Credit) lets you borrow against your home's equity on a revolving basis — like a credit card secured by your property. You draw what you need, pay interest only during the draw period, then repay principal and interest over the repayment period.
HELOC vs. cash-out refinance
- HELOC: Keeps your existing mortgage rate intact. Better if you have a low rate. Flexible — draw what you need when you need it.
- Cash-out refi: Replaces your entire mortgage. Better if rates have dropped significantly or you want one simple payment.
- Investors often use HELOCs as a "deal fund" — draw for a down payment or rehab, then repay and redeploy on the next deal.
We offer a 5-day digital HELOC that closes faster than any traditional bank — with no appraisal needed on most properties. If your equity qualifies, you can have access to funds in less than a week.
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More of your borrowers qualify. Same speed. Same service.
Access your equity in 5 days.
No appraisal on most properties. Fully digital process. Powered by MortgageToday LLC.
