Tap into your home’s equity with a fixed-rate loan while keeping your existing mortgage in place.
A Home Equity Loan, also known as a second mortgage, allows homeowners to access the equity they’ve built in their property without replacing their current first mortgage. This loan provides a lump sum of cash with a fixed interest rate and consistent monthly payments, making it a predictable and stable financing option.
This program is best suited for homeowners who have built up equity and want to use it for specific purposes such as consolidating high-interest debt, funding home improvements, investing in real estate, or covering large expenses. Because the loan is separate from your primary mortgage, you can maintain a low first mortgage rate while still leveraging your equity.
Most Home Equity Loan programs require borrowers to maintain a combined loan-to-value (CLTV) ratio typically between 80–90%, along with a solid credit profile and verifiable income. The exact terms depend on the property type, loan amount, and overall financial scenario.
One of the key advantages of a Home Equity Loan is payment stability. With a fixed rate and set term, borrowers know exactly what their payment will be over time, making it easier to plan financially.
We offer Home Equity Loan programs in Washington, Oregon, California, and Arizona, helping homeowners structure financing that aligns with both short-term needs and long-term goals.