Tap your equity. Keep your first mortgage.
A fixed-rate home equity loan that lets you draw against built equity without disturbing the great rate you already have.
What this loan really is
A HELOAN is a fixed-rate, lump-sum second mortgage. It's the right tool when you have a low rate on your first mortgage and don't want to refinance, but you do want predictable access to your equity for a renovation, investment, or large planned expense. Unlike a HELOC, the rate is fixed and the payment is predictable from day one.
Why borrowers choose this path
Preserve Your First Mortgage
Keep your existing low-rate first mortgage exactly as it is.
Fixed Rate, Fixed Payment
Predictable monthly payments for the life of the loan — no rate adjustments.
Lump-Sum Funding
Receive the full loan amount at closing — ideal for projects with defined budgets.
Faster Closing
HELOANs typically close faster and with lighter documentation than full refinances.
Real situations we help navigate
A homeowner with a 3.25% first mortgage funding a $150K kitchen and primary suite renovation.
An owner consolidating high-interest credit card debt into a single fixed-rate payment.
A homeowner pulling equity to fund a down payment on an investment property.
Questions, answered honestly
What's the difference between a HELOAN and a HELOC?
A HELOAN is fixed-rate with a lump-sum draw. A HELOC is variable-rate with a revolving line of credit. Each suits different goals.
Will this affect my first mortgage?
No. A HELOAN sits behind your first mortgage in lien position and leaves it untouched.
How much equity do I need?
Most programs require you to keep 15-20% equity in the home after the HELOAN closes.
Let's Build Your Next Move With Confidence
Whether you're buying your first home or your fifth investment property, we'll guide you every step of the way.