Keep Your First Mortgage. Get the Cash You Need.
Love the interest rate on your current mortgage? You may not need to give it up to access the equity you've built in your home.
A cash-out second mortgage can provide a lump sum for home improvements, major expenses, or the plans you've been putting off, while leaving your existing first mortgage in place.
Keep What Works About Your Mortgage. Put Your Equity to Work.
If your home has increased in value over the years, you may have more equity available than you realize. A fixed-rate second mortgage offers a way to access some of it without replacing your current first loan.
Preserve Your First Mortgage Rate
If your current mortgage has a rate you want to keep, a second mortgage may allow it to remain unchanged.
Receive the Cash at Closing
Have a project or expense with a known budget? An approved home equity loan provides the proceeds in a single lump sum.
Predictable Monthly Payments
With a fixed-rate, fully amortizing second mortgage, the loan's principal-and-interest payment stays consistent over its term.
Stay in the Home You Love
Use eligible funds for the changes, expenses, and priorities that matter to you without having to sell your home.
What Could You Accomplish With a Lump Sum of Cash?
You may have spent years building equity. You can explore using some of it for the things that matter now.
Make the Improvements You've Been Thinking About.
Maybe you've been planning a kitchen renovation, a bathroom update, or changes that would make your home more comfortable and accessible in the years ahead.
Perhaps you want to arrange in-home assistance, cover a major expense, or put funds toward a family priority. A fixed-rate cash-out second mortgage can give qualified homeowners a defined amount of money up front for their plans.
And if your existing first mortgage has a favorable interest rate, you may be able to keep that rate and the loan in place instead of refinancing the entire balance.
You've built value in your home. Find out how much of that value may be available to use today.
How much cash could your home equity provide? Tell us a little about your home, your existing mortgage, and what you'd like to accomplish.
Find Out What's AvailableKeep One Mortgage. Add a Second. Access Cash.
Instead of replacing your existing loan with a cash-out refinance, you may be able to keep it and take out a separate home equity loan.
Tell Us About Your Home
Share your estimated property value, existing mortgage balance, desired cash amount, and a few financial details.
Explore a Fixed-Rate Loan
We'll review available second mortgage programs and what your equity, credit, and income may support.
Put the Funds to Work
If approved and closed, receive the loan proceeds in a lump sum and make the scheduled payments on the new loan.
A cash-out second mortgage is secured by your home. It creates a separate payment in addition to your existing first mortgage. Interest rates, closing costs, available loan amounts, and qualifications depend on the lender and program.
Questions Homeowners Often Ask.
Will I have to refinance my existing first mortgage?
No, not if you qualify for a separate second mortgage. Your current first mortgage can remain in place with its existing rate and terms.
Can I get a fixed interest rate?
Yes. Fixed-rate home equity loans are available through participating lenders, with a set principal-and-interest payment over the repayment term.
Will there be another monthly payment?
Yes. A traditional cash-out second mortgage has its own required payment, in addition to any payment on your existing first mortgage.
How do I find out how much I could borrow?
Complete our Home Equity Survey. We'll use your goals, estimated home value, existing mortgage, and financial information to explore your available loan options.
Your First Mortgage Can Stay. Your Plans Can Move Forward.
Whether you're ready to improve your home or have another important goal in mind, our short survey can help us explore what home equity financing may be available to you.
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