Compare Home Equity and HELOC Offers From a Network of Lenders
One Online Form
Multiple Lender Offers
Homeowners with built-up equity can review home equity product offers from multiple lenders, side by side.
Step 1 - Tell us about your home
Step 2 - Answer a few questions
Step 3 - Compare offers side by side
Free · No obligation · Compare offers in one place
What home equity products look like
Home equity products are loan products secured by the borrower's home. The two most common product types in the network are the HELOC (home equity line of credit) and the home equity loan.
HELOC
A HELOC is a revolving line of credit that is secured by the home. Borrowers may draw funds during a defined draw period, up to a limit set by the lender, and repay over time based on the lender's terms. Pricing structures and draw/repayment periods vary by lender.
Home equity loan
A home equity loan is a loan product that provides funds in a single lump sum, also secured by the home, and is repaid over a set term defined by the lender. Specific terms and repayment schedules are determined by individual lenders.
Both products use the home as collateral, which means the home secures the loan. Lenders in the network offer a range of home equity products and terms; borrowers should review each lender's terms before deciding.
Common reasons borrowers consider home equity products
Borrowers often consider home equity products for things like home improvements, debt consolidation, or major expenses. Individual lenders may place restrictions on the permitted use of funds, so borrowers should review each lender's terms.
- Home improvements and repairs
- Consolidating higher-interest balances into a single payment
- Funding major expenses
How comparison works
RefiCompareNow is a lender comparison tool, not an application. Completing the online form matches the borrower with lenders in the network so offers can be reviewed side by side. Submitting the form does not constitute an application with any specific lender, and getting offers does not guarantee a credit decision or approval from any lender in the network.
Tell us about your home
Share a few details through the secure online form.
Match with lenders in the network
Your information is matched with lenders that offer home equity products.
Review offers side by side
Compare HELOC and home equity loan offers from multiple lenders before deciding.
FAQ
What is the difference between a HELOC and a home equity loan?
A HELOC is a revolving line of credit that is secured by the borrower's home, allowing borrowers to draw funds over a defined draw period. A home equity loan is a loan product that provides funds in a single lump sum, also secured by the home. Both are home-secured products; specific terms are determined by individual lenders.
How much equity do I need?
Lender requirements vary. Each lender in the network sets its own criteria for home equity products. Reviewing offers through the comparison tool is the way to see what lenders in the network are offering based on the borrower's information.
What can home equity product funds be used for?
Borrowers often consider home equity products for purposes such as home improvements, consolidating higher-interest balances, or major expenses. Individual lenders may place restrictions on the permitted use of funds.
What rate type does a HELOC use?
HELOC pricing structures vary by lender. RefiCompareNow does not represent that any specific rate type is available across all lenders in the network. Borrowers should review each individual lender's terms.
Is completing the online form an application for a HELOC?
No. The online form is a lender comparison tool. Completing it does not constitute an application with any specific lender and does not guarantee a credit decision.