Home Equity Line of Credit

Home loans offering flexible access to the equity in your home.

Why Consider A HELOC?

  • Interest-only payment options

    During your initial draw period, make interest-only payments while you put your equity to work for you. Your loan is then fully amortized in the repayment period afterwards.

  • Take advantage of favorable loan terms

    You can utilize your growing equity without having to refinance your first mortgage loan — often up to 95% of your home's value.

  • Let JFQ Lending show you how

    Our experienced mortgage professionals will review your complete financial profile, including your equity position, income, and credit to make it simple & easy.


A Home Equity Line of Credit, or HELOC, is a secondary loan (sometimes referred to as a subordinate lien) that follows behind your first mortgage. With a HELOC, you can borrow against the current value of your home without changing the terms of your first mortgage. 

HELOCs typically have a quick and streamlined review and approval process with the ability to access up to 95% of your home's value, and the flexibility to use these funds at your own pace during the draw period.

While a Home Equity Line of Credit does not have the same specific income, asset, and credit qualifying criteria as a traditional mortgage, it does require that we take your entire financial picture into consideration.

Individual product availability and pricing can vary based on your credit scores and your combined loan-to-value (CLTV) ratio. As with other loan types, having a higher credit score and a lower loan-to-value typically offers the best pricing.

HELOC vs. Refinance

Completing a cash-out refinance involves paying off your current mortgage and replacing it with a new, higher loan amount. The entire loan amount is under the same interest rate and loan term going forward, and you have one new monthly payment.

Opening a home equity line of credit is a direct access point for your home's equity, without making any changes to your first mortgage. Since this is considered a secondary loan, the qualifying criteria, loan terms, and interest rates are going to differ from a cash-out refinance loan in a few ways. 

Consolidate Debt

Save money monthly by consolidating your higher interest debts into one lower monthly payment using the equity you have built in your home. Right now, a Home Equity Line of Credit can offer you low, interest-only payments during the draw period (and up to 20 years to pay it back in full afterwards).

Keep Your First Mortgage

If you have a great rate on your home mortgage right now or if you don't want to start over with a cash-out refinance, then a Home Equity Loan is your go-to option for tapping into the cash in your home.

Fund What Matters Most To You

Whether it's upcoming college tuition, your down payment on a vacation home, or start-up capital for a new business, you can use your home's equity to pay for these important expenses.

Getting approved starts here.

Our mortgage professionals are ready to help.

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