Ways to Tap Home Equity

There is more than one way to turn equity into cash. Explore the options below to find the right fit.

Replace your mortgage with a larger one and take the difference in cash, up to 80% LTV.

A fixed-rate lump-sum second mortgage secured by your equity.

A revolving credit line against your equity with a draw and repayment period.

A HELOC that lets you lock portions of your balance at a fixed rate.

An FHA-backed cash-out refinance up to 80% of value.

A VA-backed cash-out that can reach up to 100% of value for veterans.

For homeowners 62+, convert equity to cash with no monthly payment.

Get cash for a share of your home future value — no monthly payment.

Any loan in second lien position behind your existing mortgage.

Pull equity from a rental, usually capped near 70-75% LTV.

Short-term financing against equity to buy before you sell.

Finance the home plus repairs based on the after-improved value.

A simultaneous second mortgage that avoids PMI or a jumbo.

Cash-out above the conforming limit with stricter equity rules.

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The right moment to tap equity can save thousands. We will tell you when.

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