Accessing Home Equity Without Refinancing Your First Mortgage

Many homeowners secured historically low interest rates between 2020 and 2022. Refinancing today could increase their rate significantly, but since home equity levels (and consumer debt levels) are at record highs, many clients want to access that equity but have golden handcuffs because of the great rate they got back in 2020 or 2021.

HELOCs and second mortgages allow homeowners to access equity without replacing their existing loan, so it allows you to have the best of both worlds.

Benefits

• Keep current mortgage rate
• Access equity for projects
• Flexible borrowing options