FP
FundingPoint

Home Equity Loans & HELOCs

Access the equity you've built in your home at competitive rates. Compare lump-sum loans and flexible lines of credit.

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5 min application
No impact to credit score
Free to use

Current Home Equity Rates

7.49%
Home Equity Loan APR
Fixed rate, starting at
7.99%
HELOC APR
Variable rate, starting at
80%
Max CLTV Ratio
Combined loan-to-value

Home Equity Loan vs. HELOC vs. Cash-Out Refi

Home Equity Loan

  • Lump sum disbursement
  • Fixed interest rate
  • Predictable monthly payments
  • 5-30 year terms
  • Closing costs 2-5%

Best for: Large, one-time expenses like renovations or debt consolidation

HELOC

  • Flexible draw-as-needed
  • Pay interest only on what you use
  • 10-year draw period typical
  • Lower upfront costs
  • Variable rate (can increase)

Best for: Ongoing expenses or projects with unpredictable costs

Cash-Out Refinance

  • Replaces existing mortgage
  • One combined payment
  • Potentially lower overall rate
  • 15-30 year terms
  • Higher closing costs (3-6%)

Best for: When current mortgage rate is high and you want to consolidate

Frequently Asked Questions

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