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 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.
- 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.
- 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.
- 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.
- 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.
- Closing the loan requires in-person notarization.