Transform your home's equity into financial opportunities with our competitive second mortgages and HELOCs.
Understanding the key differences between these powerful financial tools will help you make the best decision for your unique situation.
Get a lump sum payment with fixed rates and predictable monthly payments. Perfect for major expenses or debt consolidation.
Access a revolving line of credit with flexible borrowing and variable rates. Ideal for ongoing projects or expenses.
Ready to explore your options? Get a personalized quote and see how much you could access today.
| Feature | Second Mortgage | HELOC |
|---|---|---|
| Payout Type | Lump Sum | Line of Credit |
| Interest Rate | Fixed | Variable |
| Repayment | Fixed Monthly | Interest Only Option |
| Best For | One-time expenses | Ongoing projects |
Not sure which option is right for you? Our experts are here to help.
At Equitable Lending, we specialize in a comprehensive range of mortgage solutions designed to help you achieve your financial goals.
Start Your ApplicationLet our expert team guide you through the process and find the perfect loan solution for your needs.
Don't just take our word for it - hear from the families and individuals we've helped achieve their financial goals.
"Equitable Lending made our HELOC process incredibly smooth. Their team was professional, responsive, and helped us access the equity we needed for our home renovation. Highly recommend!"
Homeowner, San Diego
"Outstanding service from start to finish! The team at Equitable Lending guided us through our second mortgage application with expertise and care. We couldn't be happier with the results."
Property Investor, Los Angeles
"Professional, knowledgeable, and genuinely caring. Equitable Lending helped us navigate the complexities of our refinance with ease. Their rates were competitive and their service was exceptional."
Business Owner, Orange County
Get answers to the most common questions about second mortgages and HELOCs. Can't find what you're looking for? Contact our experts.
A second mortgage provides a lump sum payment with fixed rates and terms, while a HELOC offers a revolving line of credit that you can draw from as needed. Second mortgages are ideal for one-time expenses, while HELOCs provide flexibility for ongoing projects or varying financial needs.
Typically, you can access up to 80-90% of your home's equity, depending on your creditworthiness, income, and property value. The exact amount will be determined during the application process based on current market conditions and lending guidelines.
Requirements include sufficient home equity, stable income, good credit score (typically 620+), and debt-to-income ratio within acceptable limits. We'll evaluate your complete financial picture to determine the best loan option for your situation.
Our streamlined process typically takes 2-4 weeks from application to closing, depending on the complexity of your situation and property requirements. We work efficiently to get you the funds you need as quickly as possible.
Funds can be used for various purposes including home improvements, debt consolidation, education expenses, investment opportunities, or any major financial need. The flexibility of these products makes them valuable tools for achieving your financial goals.
Interest on home equity loans may be tax-deductible if the funds are used for home improvements that add value to your property. Consult with a tax professional to understand how these benefits apply to your specific situation and current tax laws.
Our expert loan officers are here to help you understand your options and find the perfect solution for your needs.
Experience the difference that personalized mortgage solutions and exceptional service can make. Your financial goals are within reach.
Speak with our mortgage experts today
We typically respond within 1 hour of your inquiry during business hours