HELOCs & HELOANs California — Resolution Equity
HELOCs & HELOANs
Tap into your home's equity for renovations, debt consolidation, or major expenses — without refinancing your first mortgage.
Key Benefits
- Access equity without refinancing your first mortgage
- HELOC: revolving credit line, draw as needed
- HELOAN: lump sum at a fixed rate
- Interest may be tax-deductible (consult your tax advisor)
- Competitive rates tied to prime (HELOC)
- Fixed monthly payments (HELOAN)
- Use funds for any purpose
- Fast approval for qualified borrowers
About HELOCs & HELOANs
Home Equity Lines of Credit (HELOCs) and Home Equity Loans (HELOANs) allow California homeowners to access the equity they've built in their homes. Whether you need flexible revolving access to funds or a lump-sum payment at a fixed rate, Resolution Equity has a home equity solution to fit your goals.
HELOC — Home Equity Line of Credit
A HELOC works like a credit card secured by your home. During the draw period (typically 10 years), you can borrow, repay, and borrow again up to your credit limit. Interest rates are variable and tied to the prime rate. After the draw period, you enter a repayment phase.
HELOAN — Home Equity Loan
A home equity loan provides a one-time lump sum at a fixed interest rate with predictable monthly payments. It's ideal for borrowers who know exactly how much they need and prefer payment certainty.
Combined Loan-to-Value (CLTV)
Lenders typically allow a combined loan-to-value ratio of up to 80–90% of your home's appraised value. The more equity you have, the more you can borrow.
Questions About HELOCs & HELOANs?
Our licensed team in Temecula is ready to walk you through your options and get you pre-qualified fast.