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Put Your Home's Equity to Work

Borrow against the value you've built in your home. For renovations, debt payoff, education, or investments.

HELOC
HELOC. Home equity line of credit. Mortgage Mike FL.

Home Equity Loan vs. HELOC

Home Equity Loan

A lump-sum loan based on your equity. Fixed rate, fixed payment. Good when you need a set amount for a specific project (e.g., kitchen remodel, roof).

HELOC (Home Equity Line of Credit)

A revolving line of credit. Draw what you need when you need it; pay interest on what you use. Good for ongoing or uncertain expenses (e.g., multiple projects, emergency fund).

Common Uses

  • Home renovations and repairs
  • Debt consolidation (pay off high-interest cards or loans)
  • Education or major life expenses
  • Investments or business needs

Requirements & What to Expect

Lenders typically look at your equity (home value minus what you owe), credit score (often 620+), and income. I'll walk you through how much you might access and which option (loan or HELOC) fits your situation best. Compare with a cash-out refinance, see our loan programs, or get your game plan.

See How Much Equity You Can Access

Share your property details and how much you need. I'll put together a personalized game plan.

Get your game plan →
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