ReviewsSecond Mortgage Options (HELOC & Home Equity Loan)
Get Cash From Your Home —
Without Refinancing Your Mortgage
Access your home's equity through a Home Equity Loan or HELOC while keeping your current low mortgage rate.
No credit pull • No obligation
See Your Personalized Home Equity Options
Quick equity review • No credit pull • No obligation
Understanding Home Equity Programs
What Is a Home Equity Loan or HELOC?
Home equity financing allows homeowners to borrow against the equity in their property — the difference between the home's current value and the remaining mortgage balance. These loans are typically second liens, meaning they do not replace your existing mortgage.
Rather than refinancing, home equity programs provide access to cash while keeping your current first-mortgage rate intact.
How Home Equity Programs Work
Loan amount is based on available equity and lender CLTV limits.
HELOCs offer revolving access to funds (rates are often variable).
Home Equity Loans provide a one-time lump sum with fixed payments.
Why Borrowers Use Home Equity
Unlock the value in your home with options designed around your goals.
Flexible Access to Cash
Ideal for projects or expenses where flexibility matters.
Predictable Fixed Payments
HELOANs offer stable payments for easier budgeting.
No First Mortgage Refinance
Keep your existing mortgage and rate intact.
Multiple Use Cases
Renovation, debt consolidation, tuition, or emergency reserves.
Are You Eligible?
Check if your home may qualify for a home equity loan or HELOC. A quick review helps confirm your options — no obligation.
Available Equity
Sufficient home equity is required; limits vary by lender and program.
Credit Profile
Minimum scores often start around 620–680+ (program-dependent).
Income Verification
Stable, verifiable income is required to support repayment.
Property Type
Primary residences are most common; some programs may allow second homes.
Self-Employed Borrowers
Income is typically reviewed using tax returns or alternative documentation.
Loan Structure
Options may include a fixed-rate home equity loan or a HELOC (program-dependent).
Not Sure If You Qualify?
Many homeowners reach out simply to understand their options — with no obligation or pressure.
How It Works
A simple, transparent path from initial review to confident decision.
Get Started
Submit your information for a quick equity and scenario review.
Equity Review
We estimate your available equity using your home value and mortgage balance.
Compare Lender Options
Loan Factory reviews Home Equity programs across multiple lenders.
Move Forward Confidently
Proceed with the option aligned with your goals and timeline.
Why Borrowers Work With Loan Factory
Rather than pushing a single lender, Loan Factory helps homeowners compare home equity options clearly and efficiently.