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NMLS #3030
Find hidden equity in your home
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NMLS #1168
Home Equity Loans & Refinance – Cash Out
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NMLS #1717824
Largest non-bank HELOC lender in the US
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NMLS #6606
Access Your Home's Equity Today
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Looking to refinance your mortgage?
NMLS #3030
- Find hidden equity in your home
- Make the most of your mortgage
- Convenient, fixed-rate payments
- Support from qualified Home Loan Experts
- Finance your next big home improvement project
Meet Our Providers
Rocket Mortgage offers a sleek online lending experience, designed to simplify mortgages and save time. With various loan options, constantly updated rates, helpful automation, and great customer service, the entire process is quick and user-friendly.
Pros
Offers most major mortgage types that suit borrowers’ needs
Flexible term lengths, from eight to 30 years
Works with unqualified borrowers to improve credit
Cash out up to $2 million with a jumbo or VA loan
Offers a strong array of loan programs
Provides a digital-first approach running on time-tested systems and apps
Cons
No brick-and-mortar locations
No construction or renovation loans
3 days ago
"Super fast and responsive service, honest and straight forward. Kept me up to date on all processes going on. Answered anytime I messaged, I even started the process online on Sunday and was called that day about it. Easy to follow and understand."
5 days ago
"Everything was and easy thru the app. Explained very well. And told exactly what i needed to provide. William was very good at we he did and provided excellent customer support. Fast closing!"
10 days ago
"This experience went quickly with lots of help from Kristen Young. The only problem was verifying our bank account numbers until after closing, but the money arrived in time to pay off our accounts. Thanks again, Rocket!"
AmeriSave Mortgage Corporation, founded in Atlanta in 2002, is a nationwide mortgage lender operating in 49 states and DC. It has funded over 220,000 homes totaling nearly $130 billion, offering a streamlined online application and responsive customer support.
Pros
Apply and submit forms directly online
Flat-fee structure
Get customized rates with no SSN needed
Available in 49 states plus Washington, D.C.
A home equity line of credit is available.
Cons
Not licensed in New York State
4 days ago
"Excellent service. Very friendly attentive to my needs. They made everything a stress free experience"
6 days ago
"We had a great experience working with AmeriSave. There fast and efficient."
9 days ago
"Very fast approval and the loan only took 2 weeks to close. AmeriSave is very transparent with their process and the closing went exactly as planned."
Figure offers fast, fully digital home equity lines of credit (HELOCs) with fixed rates. Borrowers can get $15,000 to $400,000 approved in minutes, funded within five days, with terms of 5 to 30 years. An origination fee up to 4.99% applies.
Pros
Specializes in HELOCs
The initial balance and any additional draws have a fixed interest rate
Closing may be available in just five days
HELOCs are available for second homes
No in-person appraisal required
Cons
Available to those with credit score of 640+
Not available in all states
3 days ago
"Very simple, clear, and quick process. The call in number also provides answers to any questions and were very helpful."
5 days ago
"It was so easy to get things notarized. I they talked you right thru it."
8 days ago
"Figure is easy and efficient to deal with. Notary comes to your home and are available on Saturday. I recommend Figure all the time"
Frequently Asked Questions(FAQ)
What is a HELOC and how does it work?
A Home Equity Line of Credit (HELOC) is a revolving line secured by your home. You can draw funds during the draw period (up to 30 years) and then repay the outstanding balance over a repayment period (typically 10–20 years). You only pay interest on what you actually draw.
How is a HELOC different from a Home Equity Loan?
A HELOC is revolving with a variable APR; you can borrow, repay, and re-borrow during the draw period. A Home Equity Loan is a fixed, lump-sum installment loan with a fixed rate and fixed monthly payment.
How much can I borrow?
Your limit is based on your home’s value, your current mortgage balance, credit profile, income, and program rules. We typically allow up to 90% combined loan-to-value (CLTV), subject to underwriting and state limits.
What rate will I get? Are HELOC rates fixed or variable?
HELOC APRs are variable and usually tied to an index (e.g., Prime) plus a margin. Our representative range starts at 5.00% and up, and your final APR depends on credit, CLTV, state, property type, and discounts (e.g., autopay).
How do monthly payments work?
During the draw period, payments are often interest-only on your outstanding balance. In repayment, the balance is fully amortized over your remaining term (e.g., 10–20 years), so the monthly payment generally increases versus the draw period.
Key Facts - HELOC (Home Equity Line of Credit)
Representative APR
5.00% and up (variable APR). Your APR is variable and typically based on an index (e.g., Prime) plus a margin. Your rate may change when the index changes. Final APR depends on your credit profile, CLTV, state, and property type.
Example payments (for illustration only)
Borrow $50,000 at 8.00% APR
• Draw period (interest-only): ≈ $333/mo
• Repayment (10 years, fully amortized): ≈ $607/mo
Examples are estimates for education only; actual payments vary with rate changes, draw amount, and your approved terms. Not a commitment to lend.
Fees
• Fees vary by program and state; they may include annual fee, origination/underwriting, appraisal, recording/title, and early-closure fees.
• An early-closure fee may apply if the line is closed shortly after opening (details provided in your disclosures).
• A complete, state-specific fee schedule is provided with your loan disclosures.
Eligibility
• Maximum CLTV up to 90% (varies by state and profile)
• Minimum credit score typically 620+
• Eligible properties: primary residence, second home, investment (program-dependent)
• Available in: All U.S. states except New York and Hawaii
What happens if you miss payments?
A HELOC is secured by your home. Late or missed payments may result in fees, increased interest, negative credit reporting, and in severe cases foreclosure. Borrow responsibly.
Who we are
Best Online Mortgage operates a mortgage company (lender).
NMLS ID: 2084132.
Contact: info@bestonlinemortgages.com ·
Privacy: https://bestonlinemortgages.com/privacy-policy.html
Rate assumptions:
Assumes an owner-occupied, single-family property with a strong credit profile and reasonable CLTV; autopay/discounts may apply. All offers subject to credit approval and change without notice.
How to get the payment examples:
• Interest-only during draw: Monthly payment ≈ (APR ÷ 12) × balance (e.g., 8.00% → 0.08/12 × 50,000 ≈ $333).
• Fully amortized after draw: Use the standard loan formula with APR/12 as the monthly rate and the chosen repayment term (e.g., 120 months for 10 years) to calculate the monthly payment (≈ $607 at 8.00% APR for $50,000 over 10 years).