Home Equity Line of Credit
Home equity, one text away.
Explore flexible HELOC options based on the equity you’ve built—without automatically replacing your current first mortgage.
- Keep your existing first mortgage
- Explore how much equity may be available
- Get guidance through text from a home-equity professional
TextmyRefi
Home Equity Assistant
Illustrative example. Not a credit decision or financing offer.
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Your home has value. Your mortgage doesn’t have to change.
A HELOC may allow qualified homeowners to access available equity while keeping their existing first mortgage in place.
Estimate for educational purposes only.
TextmyRefi
Home Equity Assistant
Equity dashboard
Estimated property value
$650,000
Estimated mortgage balance
$340,000
Estimated equity
$310,000
Estimate for educational purposes only.
Flexible access to the equity you’ve built.
Keep your first mortgage
A HELOC is commonly structured separately from your existing first mortgage, which may let you keep its current rate and terms.
Access funds as needed
Use available credit for planned projects, unexpected expenses, or important financial goals.
Reuse available credit
As principal is repaid, funds may become available to use again during the draw period.
Pay interest on funds drawn
With many HELOC products, interest is based on the amount used instead of the entire approved credit limit.
Product features vary by provider. A HELOC is secured by your home, and failure to repay could result in foreclosure.
From homeowner to options in three simple texts.
Tell us about your home
Answer a few simple questions about your property, mortgage balance, and financing goals.
Explore potential options
We use your information to identify HELOC programs that may fit your situation.
Connect by text
A home-equity professional can explain potential options and help you understand the next steps.
TextmyRefi
Home Equity Assistant
How much equity could you have?
Estimated home equity
$310,000
Illustrative potential available equity
$180,000
Based on a 80% assumed combined loan-to-value. Illustrative estimate only — not an approval or credit offer.
Desired credit amount
$75,000
TextmyRefi
Home Equity Assistant
This calculator provides estimates for educational purposes only. Actual eligibility, credit limits, rates, and terms depend on the provider, property value, existing liens, income, credit profile, and other underwriting requirements.
What could your equity help you accomplish?
Borrowing against your home isn’t the right move for everyone. These are common reasons homeowners explore a HELOC.
Remodel your home
Consolidate higher-interest debt
Pay education expenses
Cover a major life expense
Fund a business opportunity
Create additional financial flexibility
Compare your options.
HELOC
- Typically keeps the existing first mortgage
- Revolving access during the draw period
- Borrow as needed
- Secured by the home
- Fixed or variable structures may be available
Cash-out refinance
- Replaces the existing mortgage
- Provides a lump sum at closing
- Changes the rate and terms of the full mortgage
- Closing costs may apply
- Secured by the home
Personal loan
- Does not use the home as collateral
- Usually provides a lump sum
- Commonly uses fixed payments
- Available amounts may be smaller
- Rates depend on credit and provider terms
This comparison is general and may not reflect every available product. Review actual terms before making a financial decision.
Home equity without the traditional runaround.
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Questions, answered.
Let’s start with a text.
Answer a few questions and explore potential HELOC options with help from a home-equity professional.
TextmyRefi
Home Equity Assistant