Keep your mortgage. Use your equity.
A home equity line of credit sits behind the mortgage you already have. Your first mortgage's rate and payment don't change; the line is a separate loan with its own payment. Slide in your numbers to see your equity.
About a minute. No credit check, no application.
Ready now? Applyafter approval and closing; timing not guaranteed.*
Illustration only at of home value: home value minus what you owe. Lenders cap how much of your equity you can borrow. Not a loan offer, rate quote or approval. Your actual line depends on credit, income, appraisal and program limits.
Why not just refinance?
If your mortgage rate is lower than what's offered today, a cash-out refinance throws it away. A HELOC leaves it alone.
| Compare | HELOC | Home equity loan | Cash-out refinance |
|---|---|---|---|
| Your current mortgage | Stays as is | Stays as is | Replaced with a new, larger loan |
| How you get the money | Draw what you need, when you need it | One lump sum | One lump sum at closing |
| Interest | Usually variable, and only on what you've drawn | Usually fixed, on the full amount | On the entire new balance |
| Best when | Costs arrive in stages, or you want a cushion ready | You know the exact amount and want a fixed payment | Today's rates beat the one you have |
Not sure which fits? That's the first thing Jake answers.
What people use it for
Open the line once, then draw against it for whatever comes up while it's open.
Renovations and additions
Pay contractors as they bill instead of borrowing the whole budget on day one.
Higher-interest debt
Fold card or personal-loan balances into one line. Your home secures it, so go in with a payoff plan.
An ADU or finished basement
Add space you can rent out or grow into.
Tuition and big expenses
Cover semesters or one-off costs as the bills land.
A down payment on a rental
Put existing equity to work on the next property.
A standing safety net
Open it while you don't need it, so it's there if you ever do.
How it works
Three steps, and nothing touches your credit until you choose to apply.
Check your number
Use the calculator and answer a few questions. It takes about a minute.
Talk it through
Jake reviews your answers and lays out the line or loan options that fit, with the costs and risks spelled out.
Apply securely and close
Apply through Ease Mortgage's secure portal. A valuation confirms the numbers, then you sign.
One person, start to finish.
Jake Taylor is a licensed loan officer originating through Ease Mortgage. There's no call center: your request goes to a licensed loan officer, and the same loan officer sees your loan through to closing.
Questions people ask first
Does checking my number affect my credit?
No. The calculator and questions don't pull credit. If you decide to apply, you'll be asked for permission before any credit check.
How much could I actually get?
Lenders cap the combined balance of every loan on the home at a percentage of its value. This page uses 80% as an illustration. Your real limit depends on credit, income, the appraisal and the program.
Will my first mortgage change?
No. A HELOC is a separate loan behind your first mortgage. Your existing rate, balance and payment stay the same.
What are the risks?
HELOC rates are usually variable, so payments can rise. The line is secured by your home, which means you could lose it if you can't repay. Some lines carry fees or a minimum draw. Jake walks through all of it before you apply.
What will I need to apply?
Usually your latest mortgage statement, your homeowners insurance page, recent income documents and a photo ID.
Where do you lend?
Taylored Lending is licensed in Utah. The questions confirm the property state before anything is sent.
See your number in about a minute.
No credit check, no application, no obligation.