Unlock your Home Equity

‘Get Cash and Keep Your Mortgage Rate’

Equity Home Loan or a HELOC
Quick Pre-approval process

Home Equity Line of Credit,(1) Up to $500,000(5) with Low Rates!(3)

One click to find your rate! Checking rates won’t impact your credit score. (2)

How it Works

1. Fill out the Refi Quiz

2. Calculate Your Home Equity

3. Receive Your Offer

4. Apply Online to Select Refinancing Option

5. One Day Pre-Approval

6. Get Cash in Two Weeks or Less (4)

Frequently Asked Questions

A HELOC is a line of credit secured by your home that lets you get cash from your home equity. It works similarly to a credit card – you can take out as much money as you need, up to your maximum limit. When you pay down some of your balance, you can take out funds again.

You can use your funds for anything you need, whether you’re looking to renovate your home, pay down high-interest debt, or put a down payment on an additional property.

How much you can get depends on how much equity you have in your home. You’ll need to retain 20% of your home equity after you receive your HELOC. There may also be additional limitations based on your DTI (debt-to-income ratio) and other credit factors. Generally, homeowners can get up to $500,000 with a HELOC.

A HELOC provides lower rates and a much higher maximum limit than typical credit cards or personal loans. However, while credit cards and personal loans are unsecured, a HELOC is secured by your home and leverages the available equity to get you the funds you need.

Point’s HELOC and Home Equity Investment (HEL) are both great ways to unlock your home equity. With a HELOC, your cost is based on an affordable interest rate. With an HEL, your cost is based on a share of your future home appreciation, and you don’t take on an additional monthly payment.

If you have good credit and want the best possible price, a HELOC might be the best fit. Our home equity experts can help you figure out whether a HELOC or an HEL is the right fit for you.

  1. A home equity line of credit is secured by your property and is available only for single-family residence, 2-4 unit owner-occupied, and condominiums, excluding co-op’s, in California. Loan approval is subject to credit approval and program guidelines, including but not limited to credit qualification, income verification, and collateral evaluation.
  2. By clicking “Get A Quote” we will not pull your credit to determine if you are eligible for a prequalified offer.  After you fill the “Get A Quote” we will provide you with a few financing options after that with your permission we can pull a soft pull will not affect your credit score to narrow down an interest rate for you.  However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which may impact your credit score.
  3. Based on Point’s rates as of 8/1/2022. A home equity line of credit is secured by your property and is available only for single-family residence, 2-4 unit owner-occupied, and condominiums, excluding co-ops, in California. All loans require a credit union membership. The Annual Percentage Rate (APR) can be as low as 5.50% for the most qualified applicants and will be higher for other applicants, depending on credit profile. For example, a borrower with a CLTV of 50% and a credit score of 800 would receive an APR of 5.50%. The APR is a variable rate that is indexed to the Prime Rate as published in The Wall Street Journal plus a margin. The margin is determined based on credit history, loan amount, property usage, and combined loan-to-value (CLTV) ratio. The floor rate is 3.25%, and the maximum APR is 18%. The variable rate will not increase more than 2% annually. Your initial draw is required to be the lesser of your full credit line or $50,000. No application, early termination, and annual fees. Closing costs may vary based on the line amount, property location, title insurance required, and appraisal fees. Property insurance is required as a condition of the loan and flood insurance may be required if your property is located in a flood zone.
  4.  Funding timelines may vary depending on various factors including but not limited to appraisal turnaround times and follow-ups required for verification of income and/or property insurance.
  5. The maximum credit line is $500,000 and assumes the customer has excellent credit; meets certain loan-to-value and lien position requirements; and the collateral property is owner-occupied.  Credit line may be reduced or additional extensions of credit limited if certain circumstances occur.  The minimum credit line is $10,000.  Your initial draw is required to be 100% of your line of credit up to $50,000.
  6. Closing the loan requires in-person notarization.