A home equity line of credit sits behind your current mortgage, so your existing rate stays the same. Check your equity and request options online in about two minutes, then talk them over with a licensed loan officer.
Daniel Becerril · Executive Branch ManagerNMLS #2388968 · West Capital Lending, Inc. NMLS #1566096
About two minutes online, with no credit pull.
Book a quick call. You'll get program options and terms in writing before you decide anything.
Apply, verify income and identity, complete valuation, and close. Daniel will walk you through each step.
A home equity line of credit, explained plainly — draw period, repayment and how the line is sized.
When keeping your first mortgage matters, and when replacing it might make sense.
Why a revolving line can match the way renovation costs actually show up.
A general comparison. Actual terms depend on the program, your credit and your property.
| HELOC | Cash-out refinance | Personal loan | |
|---|---|---|---|
| Keeps your current first mortgage | Yes | No, replaces it | Yes |
| Secured by your home | Yes | Yes | No (typically unsecured) |
| How you get funds | Draw as needed during the draw period | Lump sum at closing | Lump sum |
| Interest charged on | The amount drawn | The full new loan | The full loan |
| Rate type | Often variable; some fixed options | Fixed or adjustable | Usually fixed |
| Typical amounts | Based on equity and CLTV limits | Based on equity and LTV limits | Usually smaller than equity products |
| Closing costs | Vary by program | Typically the highest of the three | Origination fees vary |
| Best fit when | Your first-mortgage rate is low and needs are ongoing | You can also improve your first-mortgage terms | Small amount, no home collateral wanted |
Borrowing against your home puts it at risk if you can't repay. Consult a tax advisor about interest deductibility.
A HELOC is a separate second lien, so the rate and terms on your existing mortgage stay exactly as they are.
Draw what you need during the draw period and pay interest only on the balance you actually use.
As you pay the balance down, that credit generally becomes available again during the draw period — no new application for each project.
Daniel reviews your scenario himself and explains the payment, draw period and repayment period in plain language.
Your home secures the line. Borrow only what fits your budget.
Use the sliders above. It's an illustration based on your numbers, not a valuation or an offer.
He checks the requested amount against estimated combined loan-to-value and your goals, then follows up with options in writing.
If an option makes sense, you apply. Credit, identity and income are verified at this stage — your choice, when you're ready.
Depending on the program and amount, valuation may be automated or may require an appraisal.
You sign closing documents (remote notary may be available in some states). For a primary residence, a federal right-of-rescission period applies before funds are released.
General comparison; specific terms vary by program and are subject to approval.
| HELOC | Home equity loan (lump sum) | |
|---|---|---|
| How you receive funds | Draw as needed during the draw period | All at once at closing |
| Interest charged on | The balance you've drawn | The full loan amount |
| Rate type | Usually variable; some programs offer fixed-rate options on draws | Usually fixed |
| Payment | Can change with balance and rate | Predictable |
| Best for | Ongoing or staged needs | One known expense |
General information only. Eligibility, amounts and terms depend on the property, credit, valuation and underwriting, and are subject to approval. Not every applicant or property will qualify.
You work directly with Daniel Becerril (NMLS #2388968) at West Capital Lending — not a call center or a lead marketplace.
The form and estimates don't pull credit. Credit is reviewed only if you choose to apply.
What you share is used to answer your request, nothing else.
See estimated equity and combined loan-to-value update as you move the sliders. Illustrative only, based on your numbers.
GA, IN, LA, MS, NC, NJ, NV, RI, SC and VT.
We do business in accordance with fair housing and fair lending laws.
A home equity line of credit is a revolving credit line secured by your home, usually in second position behind your current mortgage. You draw what you need during the draw period and pay interest only on the amount you've used. Terms and draw rules vary by program.
A cash-out refinance replaces your whole first mortgage with a new, larger loan at today's rates. A HELOC leaves your first mortgage in place. If your current rate is lower than what you'd get today, a HELOC often costs less overall. If you want one fixed payment or a better first-mortgage rate, a cash-out refi may fit better.
The line is based on your home's value, minus what you owe, up to the program's maximum combined loan-to-value (CLTV). Credit and income also matter. The estimator above shows your equity and CLTV from the numbers you enter. Program limits and line amounts:. Daniel will confirm what applies to your home.
Combined loan-to-value: all loans on the home (your mortgage balance plus the new HELOC) divided by the home's value. Example: $250,000 owed + $100,000 HELOC on a $500,000 home = 70% CLTV.
No. This form doesn't pull your credit. A credit check happens only if you choose to apply, and Daniel will tell you before it does.
Timing depends on the program, property valuation, verification and closing requirements, including any state-required waiting or rescission periods. Daniel will tell you what to expect after reviewing your file.
Valuation requirements depend on the program, loan amount and property. Some use automated or alternative valuations and others require a full appraisal. Daniel will confirm what applies to your home.
Many HELOCs have a variable rate tied to an index such as the prime rate, and some programs offer fixed-rate options or the ability to lock part of the balance. This site doesn't publish rates; Daniel will provide current terms in writing.
Common uses include home improvements, paying off higher-interest debt, education, major purchases and an emergency reserve. Borrowing against your home puts it at risk if you can't repay, so borrow only what fits your budget.
A HELOC is secured by your home, so it often comes with higher limits and lower pricing than an unsecured personal loan. It also puts your home at risk and can involve closing costs. A personal loan doesn't touch your home and can be simpler for smaller amounts.
This site is for primary residences. For rentals held in an LLC, see llcrefi.com. For DSCR investor loans, see checkmydscr.com.
Daniel Becerril (NMLS #2388968) is licensed in Georgia, Indiana, Louisiana, Mississippi, North Carolina, New Jersey, Nevada, Rhode Island, South Carolina and Vermont. Homes in other states can't be served right now.
Daniel reviews your scenario and replies with options, and you can book a short call on the confirmation screen. Submitting is a request for information — it is not an application and does not commit you to anything.
Possibly. Some programs allow income to be documented with bank statements rather than tax returns. Daniel will review which documentation route fits your situation.
During the draw period you can borrow and repay against the line. After it ends, you can no longer draw and the remaining balance is paid down over the repayment period, which usually means a higher payment. Exact lengths vary by program.
Yes, each program sets its own limits, and your amount also depends on your home's value, your existing mortgage balance, credit and income. Use the estimator to see a rough equity picture, then Daniel can tell you what may be available.
Federal law gives you a right to rescind a HELOC on your primary residence, generally for three business days after closing. Funds are released after that period ends.
No. The form only asks for basic contact and property information. Identity and credit are verified only if you decide to apply.