Use Your Home’s Equity — Without Touching Your Low-Rate First Mortgage
A flexible Home Equity Line of Credit for cash, repairs, or planned expenses — not a refinance. EquitySelect is one HELOC option available for homeowners who want flexible access to equity while keeping their low-rate first mortgage in place. We help homeowners explore available HELOC structures based on their goals and situation.
Program Overview
EquitySelect is a flexible home-equity line designed to complement today’s low-rate mortgage market. Borrowers can opt for a second-lien that keeps their original mortgage intact or refinance into a first-lien for a consolidated solution. Either way, predictable payments that can start around 1% of the balance help support long-term budgets, renovations, and retirement planning.
Get a free quote to confirm eligibility, estimated limits, and payment options.
Why Homeowners Consider EquitySelect
Compare easily against other HELOC options by focusing on what matters most.
Keep your existing first mortgage in place
Access home equity over time as needs arise
Flexible payment structures based on your goals
Guidance from a licensed mortgage professional
Key Benefits
Predictable Payments
Payment plans starting around 1% of the balance for steady, predictable budgeting
Preserve Your Low-Rate First
Second-lien structure preserves your existing low-rate first mortgage
Consolidated Option
First-lien option consolidates everything into a single long-term solution
Flexible Access
Flexible draws over time—use funds for improvements, medical costs, or strategic investments
See if a HELOC option is a fit
Request a free quote to explore EquitySelect without refinancing your low-rate first mortgage.
Who is this for?
This loan may be a great fit if you meet the following general criteria:
- » Homeowners who want to unlock equity without refinancing out of a low-rate mortgage
- » Retirees and near-retirees seeking structured, long-term payments
- » Families needing ongoing access to funds for renovations, healthcare, or debt payoff
- » Clients exploring alternatives to reverse mortgages while maintaining required payments
HELOC Decision Guide
A short, step-by-step questionnaire to help you decide. General guidance—no obligation.
What are you using home equity for?
Do you want to keep your current first mortgage in place?
Do you need flexibility to draw funds over time?
What’s your timeline?
How do you feel about payment/rate flexibility?
*These are general guidelines. Contact us for a personalized assessment. Not a commitment to lend.*
EquitySelect allows monthly payment options that may be less than the interest accrued. If the selected monthly payment does not cover all interest due, the unpaid interest will be added to the loan balance. This may result in a larger balance and a balloon payment due at loan payoff or at the end of the loan term.
EquitySelect requires a minimum initial draw of 50% of the available line of credit or $75,000, whichever is greater. The program includes a defined draw period, after which additional funds may not be withdrawn.
How It Works
A simple overview of how EquitySelect is structured and how borrowers typically use it.
Customize Your Lien Position
Choose a first- or second-lien structure based on your goals and current mortgage rate.
Activate the Line
Open the credit line and draw funds as needed for projects, expenses, or opportunities.
Follow Predictable Payments
Make required payments starting around 1% and prepay anytime to reduce the balance sooner.
HELOC FAQs
Does a HELOC replace my existing mortgage?
Not necessarily. Many HELOC options can be structured as a second lien, which may let you keep a low-rate first mortgage in place while accessing equity separately.
How is a HELOC different from a cash-out refinance?
A cash-out refinance replaces your existing mortgage with a new one. A HELOC is typically a separate line of credit that can provide access to equity without refinancing your primary mortgage.
Can I draw funds over time, or do I receive a lump sum?
Many HELOCs allow you to draw funds as needed during a draw period, which can be useful for projects or planned expenses that happen in stages.
Are HELOC rates fixed or variable?
Many HELOCs have variable rates, though some lenders offer fixed-rate options for portions of the balance. We’ll help you compare what’s available and how payments may change.
How do I know if a HELOC is a good fit for me?
It depends on your equity, credit profile, timeline, and whether keeping your current first mortgage matters. The next step is to request a quote so we can review available options and structure.
Ready to Check Your HELOC Options?
Request a free quote to see if EquitySelect is a fit for your goals.
Check HELOC OptionsLoan approval is subject to lender review and conditions. Rates, terms, and product availability may change with market conditions.