See Home Equity and HELOC Offers From a Network of Lenders
One Online Form
Multiple Lender Offers
Homeowners who have built up equity can place home equity product offers from several lenders next to one another.
Step 1 - Share some details about your home
Step 2 - Respond to a handful of questions
Step 3 - Weigh the offers next to each other
Free · No obligation · Offers gathered in one view
What home equity products look like
Home equity products are loan products backed by the borrower's home. Within the network, the two you will run into most often are the HELOC (home equity line of credit) and the home equity loan.
HELOC
A HELOC is a revolving line of credit tied to the home. During a set draw period, borrowers may take funds up to a ceiling the lender establishes, then pay the balance back over time on the lender's terms. The pricing setup and the length of the draw and repayment windows differ from lender to lender.
Home equity loan
A home equity loan is a loan product that hands over funds as one lump sum, again backed by the home, and is paid back across a fixed term the lender defines. The particular terms and repayment schedules rest with each individual lender.
Both products lean on the home as collateral, meaning the home secures the loan. Lenders in the network carry a spread of home equity products and terms, so borrowers should read through each lender's terms before settling on anything.
Common reasons borrowers consider home equity products
Borrowers tend to weigh home equity products for purposes such as fixing up the house, consolidating debt, or covering a sizable expense. Some lenders limit how the funds may be put to use, so reading each lender's terms is worthwhile.
- Repairs and upgrades around the home
- Rolling higher-interest balances into one payment
- Covering a large expense
How comparison works
SmartFin USA is a lender comparison tool, not an application. Filling out the online form pairs the borrower with lenders in the network so their offers can be reviewed side by side. Sending in the form is not an application with any specific lender, and receiving offers is not a promise of a credit decision from any lender in the network.
Share details on your home
Provide a few particulars through the secure online form.
Get paired with lenders in the network
What you share is matched with lenders that carry home equity products.
Look over offers together
Set HELOC and home equity loan offers from several lenders beside one another before you decide.
FAQ
What is the difference between a HELOC and a home equity loan?
A HELOC is a revolving line of credit backed by the borrower's home, letting borrowers pull funds during a set draw period. A home equity loan instead delivers funds as one lump sum, also backed by the home. Both rest on the home as security, and the exact terms come from each individual lender.
How much equity do I need?
Requirements differ from one lender to the next, since each lender in the network sets its own standards for home equity products. Working through the comparison tool is how a borrower can see what lenders in the network put forward based on the details provided.
What can home equity product funds be used for?
Borrowers often look at home equity products for things like fixing up the home, folding higher-interest balances together, or handling a large expense. Some lenders place limits on how the funds may be used.
What rate type does a HELOC use?
A HELOC's pricing setup depends on the lender. SmartFin USA makes no claim that any one rate type is on offer across every lender in the network, so borrowers should read through each individual lender's terms.
Is completing the online form an application for a HELOC?
No. The online form is a lender comparison tool. Finishing it is not an application with any specific lender, and it carries no promise of a credit decision.