Loan Programs
HELOC & Cash-Out Refi
California home values have created significant equity for many homeowners. A HELOC or cash-out refinance can put that equity to work.
HELOC
A Home Equity Line of Credit works like a credit card secured by your home. You get a credit limit, draw what you need during the draw period (typically 10 years), and repay over the repayment period. Rates are variable and typically tied to the Prime Rate.
- ✓Borrow up to 85–90% combined LTV
- ✓Draw and repay as needed
- ✓Interest-only payments during draw period
- ✓Variable rate (usually Prime + margin)
Cash-Out Refinance
A cash-out refi replaces your existing mortgage with a new, larger one and gives you the difference in cash. You get a fixed amount upfront, a fixed rate, and a single monthly payment. Better when you have a large one-time need.
- ✓Borrow up to 80% LTV (conventional)
- ✓Fixed rate — predictable payment
- ✓Single monthly payment
- ✓May make sense if current rate is near your new rate
Which is right for you?
If you have a low rate on your current mortgage, a HELOC often makes more sense — you keep the original loan intact. If rates have dropped or your financial situation has improved, a cash-out refi might give you better overall terms. I'll run both scenarios and show you the real comparison.
How much equity can you access?
Tell me your property value, current balance, and what you want to accomplish — I'll show you your options.
Start pre-qualification