Fixed Payments
Your draw comes with a fixed rate and fixed monthly payment, so you know what to expect.
Pick My Mortgage RatePowered by Loan Factory×
- Home
- Best Price Guarantee
Programs
Home loans
Investor loans
Equity & retirement
- All loan programsCompare all 12 programs
Eligibility and availability vary by program and borrower. All loans are subject to approval.
- Blog
- Contact Us
Home / Tools / Online HELOC
Second-lien HELOC · Keep your first mortgage
100% Online HELOC
Tap your home equity while keeping your current first mortgage in place. Apply online, see your offer with a soft credit check, and close in as little as 5 days, subject to approval.
100% online, start to finish.Illustrative
Illustrative only. All loans subject to approval.
- 100%online process
- Softcredit check to see your offer
- 5 daysto close, in as little as, subject to approval
- 2nd lienyour first mortgage stays in place
Why an online HELOC
Your equity, without the hassle.
A home equity line of credit that sits behind your current mortgage, so you keep your first mortgage as it is.
Soft Credit Approvals
You can get an exact offer without impacting your credit score.
The hard pull happens only if you accept the loan.
Fully Online Process
The application, approval, and funding process is completely digital.
No lengthy paperwork, manual appraisals, or in-person appointments.
Fast Access to Funds
You can close in as little as 5 days, subject to approval.
Transparent Offer
You'll see everything upfront in your offer.
Flexible Access
Take a lump sum now and pay back your loan to be able to draw more funds later.
How it works
From application to funds, online.
- Step 1
Apply online
Answer a few questions about you and your home. Everything happens online.
- Step 2
See your offer
Review your offer, with a soft credit check that does not impact your credit score.
- Step 3
Accept
If you accept the loan, the hard credit pull happens and your HELOC is finalized.
- Step 4
Access your funds
Close in as little as 5 days, subject to approval. Draw again as you pay it back.
Illustrative process. Timelines vary. All loans subject to approval.
Compare
Online HELOC vs. Wealth Builder vs. cash-out
This online HELOC is a second lien. Our Wealth Builder HELOC is a different product: a first-lien HELOC for a purchase or refinance.
| Feature | Online HELOC | Wealth Builder HELOC | Cash-out refinance |
|---|---|---|---|
| Lien position | Second lien; keeps your current mortgage | First lien; for a purchase or to replace your mortgage | First lien; new mortgage |
| How it works | Line of credit you draw from | Mortgage plus checking with a nightly sweep | One lump sum at closing |
| Your current mortgage | Stays in place | Replaced, or used for a purchase | Replaced |
| Speed | Fully online; can close in as little as 5 days, subject to approval | Standard closing timeline | Standard closing timeline |
| Best for | Homeowners who want fast access to equity and keep their current mortgage | Borrowers with steady surplus cash flow | Homeowners who want one lump sum and a new first mortgage |
FAQ
Online HELOC questions.
What is an online HELOC?
It is a home equity line of credit that is a second lien behind your current mortgage, so your first mortgage stays in place. The application, approval, and funding process is completely digital.
Will seeing my offer affect my credit score?
No. You can get an offer with a soft credit check that does not impact your credit score. The hard pull happens only if you accept the loan.
How fast can I get my funds?
You can close in as little as 5 days, subject to approval. Timelines vary.
Do I need an appraisal or an in-person appointment?
The process is fully online, with no lengthy paperwork, manual appraisals, or in-person appointments.
Can I draw more after I pay it down?
Yes. Take a lump sum now, and as you pay back your line you may be able to draw more funds later.
How is this different from the Wealth Builder HELOC?
This online HELOC is a second lien that keeps your current first mortgage. The Wealth Builder HELOC is a first-lien HELOC used for a purchase or to replace your mortgage.
Compare
Compare your options.
Side-by-side guides to the choices that come up most with this program.
Let's talk
Contact Us
We love our clients, feel free to contact us or complete the form and we will be in touch