A cash-out refinance replaces your whole loan — and the rate that came with it. This line sits behind the mortgage you already have and leaves it untouched. The equity you've already built is ready to work for you, with funds arriving in as little as 7 days.
Your bank isn't slow on purpose; their process was just built a long time ago. The banking industry was built around huge margins and lots of overhead. Their HELOC process runs through the same channel as their normal mortgage process, which means physical documentation, appraisals, and in-person appointments.
Our digital home equity process is different from the ground up.
An automated valuation replaces the traditional appraisal on most lines — that's normally where a home equity line stalls.
Title and notary costs are covered. You're not writing a check to open it.
An online notary handles closing in most states. Funds can reach you in as little as three days after you sign.
Each cash draw sets a fixed rate and a fixed payment the day you take it. Card purchases sit on a separate, variable-rate balance.
One payment instead of several.
Down payment without touching your first mortgage.
Fund a down payment for a parent or a child.
Fund the project at closing, not in stages.
Move before this one sells.
A wedding, tuition, or an unexpected bill.
A home equity line of credit lets you borrow against the equity you've built in your home. Unlike a cash-out refinance, it doesn't replace your first mortgage or its rate — it sits behind it.
Yes. A HELOC sits behind your existing mortgage as a separate line of credit, so your original loan and its interest rate are never touched or replaced.
A HELOC is secured by your home, which typically means a lower fixed rate per draw than an unsecured personal loan. Many homeowners use a HELOC to consolidate higher-rate credit card or personal loan debt into a single, fixed payment.
It depends on your home's value, your existing mortgage balance, and your credit profile. Lines start at $5,000, and your exact number is calculated as part of the application.
Most lines use an automated valuation instead of a traditional appraisal, which is usually where a HELOC application slows down.
Checking your options typically involves a soft inquiry first. You'll be told before anything that could affect your credit score happens.
We're currently licensed to lend in California and Tennessee. If you're a homeowner in either state, you can apply.
Basic information about you and your home. Income verifies through payroll and IRS records rather than bank statements, and the application walks you through exactly what's needed as you go.