Access your home’s increased value with financing solutions designed for renovations, debt consolidation, and long-term financial planning.
A Home Equity Line of Credit (HELOC) and a Home Equity Loan both allow borrowers to use their home’s equity as collateral, but they function differently. A HELOC offers a revolving, flexible credit line with variable rates—ideal for ongoing or evolving expenses. A Home Equity Loan provides a lump-sum amount with a fixed rate, perfect for borrowers who need predictable monthly payments.
These programs are valuable tools for homeowners looking to finance home improvements, consolidate high-interest debt, cover major expenses, or access cash for strategic financial opportunities. Using home equity can often provide more favorable terms than personal loans or credit cards.
We offer tailored HELOC and home equity solutions designed to fit your financial goals and borrowing needs.
A revolving credit line with variable interest rates, allowing you to borrow as needed during the draw period.
A fixed-rate, lump-sum loan that offers predictable monthly payments and long-term repayment stability.
A HELOC option that allows borrowers to lock in part or all of the balance at a fixed rate for predictable payments.
Allows homeowners to refinance their existing mortgage while accessing additional cash from their home’s increased equity.
Leveraging your home’s equity can be a powerful financial tool. The right structure helps you with:
Get a rate that makes sense for your future, as rates are typically much lower than credit cards or personal loans
Borrow only what you need—when you need it—with a HELOC, or choose a lump sum with a home equity loan.
Fixed-rate options offer stable monthly payments for long-term planning.
Ideal for home improvements, debt consolidation, or major purchases with long-term value.
Homeowners often search for affordable ways to fund renovations, consolidate debt, or access cash, and home equity programs offer some of the most flexible and cost-effective solutions. Whether you want ongoing access to funds or a predictable lump-sum loan, both options provide powerful tools for leveraging your home’s stored value.
Prism Lending Partners helps you compare HELOCs, home equity loans, and cash-out refinance options to choose the solution that best supports your financial goals. Our team guides you through the process with clarity and confidence so you can make the most of your home’s equity.
Most lenders require at least 10% equity in your home, though guidelines vary by loan program.
A HELOC offers revolving, flexible borrowing with variable or fixed rates, while a home equity loan provides a one-time lump sum with a fixed interest rate.
Yes—they’re among the most popular ways to finance renovations due to lower interest rates and tax advantages (consult your tax advisor).
No—home equity loans and HELOCs are second-position loans unless you choose a cash-out refinance, which replaces your existing mortgage.
The rate can rise, but HELOCs include rate caps and flexible repayment terms, making them manageable for borrowers who monitor their budget and timeline.
