Loan Programs / HELOC
Keep your rateHELOC loans
A line of credit against your equity, so you can keep your low first-mortgage rate and still put your equity to work.
How RC Lending Advisors uses this program
A HELOC is the program RC Lending Advisors lists when you want a line of credit against your equity and you want to keep the rate on your first mortgage.
The team compares it with a cash-out refinance on the same call. Both are in the lineup in all 50 states and Puerto Rico.
FAQ
Questions on HELOC
How is a HELOC different from a cash-out refinance?
The programs page lists the HELOC for people who want to keep their first-mortgage rate. Cash-out refinance is the program that replaces the loan and turns equity into cash.
Does the first look change my credit score?
Pre-approvals start with a soft credit check, which does not affect your score.
Where is this available?
All 50 states and Puerto Rico, through Cornerstone First Mortgage (NMLS #173855).