Before you borrow against your home, it helps to compare the choices side by side. Sometimes the right answer is a HELOC. Sometimes it's something else. And sometimes it's keeping the mortgage you already have.
If you have a rate you like, leaving your first mortgage alone is often worth protecting. It may also be the right answer if you don't need to borrow at all.
A line of credit secured by your home. Many HELOCs have variable rates, and payments usually change when the draw period ends and repayment begins. Some are structured differently: the NEXA Home Equity Line, for example, funds the full amount up front at a fixed rate, and any later draw is priced when you take it. I'll walk you through how the specific product works.
A lump sum with a fixed payment, where a lender currently offers one. Product and state availability change, so I confirm what's actually available before recommending it.
A cash-out refinance, a different structure, or waiting. Which one fits depends on your current loan, how long you'll stay and what the money is for.
If you already know a HELOC is what you want, the self-directed application is available any time.
Go to the HELOC application page →Nothing on this page is an offer, an approval or a commitment to lend. No rate, credit limit, payment or availability is promised here. All loans are subject to credit approval, property review and program eligibility, and Texas homestead home equity loans have additional state rules and waiting periods.
Not an application and not a credit pull. Estimates are fine. Please don't upload or type statements, account numbers or other sensitive details here.