Many homeowners appreciate the versatility of a home equity line of credit (HELOC). By tapping into the equity built into your home, you can access a line of credit that allows you to pay off debts, undertake home improvement projects, fund big purchases, and much more.
A HELOC (home equity line of credit) is a revolving credit line secured by the equity in your home, letting you draw funds as needed during the draw period and repay only what you use. Unlike a home equity loan that gives you a lump sum upfront, a HELOC works like a credit card but with HELOC rates significantly lower than credit cards or personal loans because the line is secured by your home. Your Rate Broker offers HELOCs to homeowners that traditional banks turn away: lines available for primary residences, second homes, and investment properties; income qualified through bank statements for self-employed borrowers; FICO floors at 600 instead of the 700 most banks require; and CLTV up to 90% on primary residences.
What sets Your Rate Broker apart is the choice between a variable-rate HELOC and a fixed-rate HELOC, an option most lenders don’t offer. Our digital fixed-rate HELOC closes with no appraisal, no title fees, and funding in as fast as 5 business days. The variable-rate HELOC offers interest-only payments for the first 10 years and lines up to $1,000,000. Home equity is 10% of Your Rate Broker funded volume YTD in 2026 and rapidly growing as more homeowners discover the structural advantage of borrowing against equity at HELOC rates well below credit cards and personal loans, without giving up the low rate on their first mortgage. Rates are subject to change daily based on market conditions.
A HELOC provides the flexibility to borrow as needed. Only borrow and pay interest on what you need.
HELOC rates are typically lower than credit cards or personal loans, making them a great debt consolidation option.
HELOC interest may be deductible when the funds are used to buy, build, or substantially improve the residence.
Enjoy a revolving line of credit that allows you to draw more money as needed, even after repaying what you owed.
Borrowers can use the funds for virtually any purpose, from home renovations to emergency expenses.
Your Rate Broker offers several different options when it comes to structuring a HELOC. Choose from a traditional HELOC, a fixed-rate HELOC, or a bank statement HELOC.
A home equity line of credit (HELOC) is a financing option that allows homeowners to borrow a revolving line of credit against their home’s equity. This means you can borrow as little or as much as you need, up to the loan’s limit.
Unlike a traditional home equity loan that provides you with a lump sum, a HELOC provides you with a line of credit that you can draw on as needed. During the draw period, you can use credit and then repay your outstanding balance to replenish your credit as many times as you want. After the draw period ends, the repayment phase begins, where you pay back principal and interest based on your outstanding balance.
After HELOC disbursement, you’ll need to keep 10% in equity for primary residence;15% for second home; 25% for investment property.
Provide proof of income via tax returns if employed, or bank statement deposits if you are self-employed.
640+ FICO is required for a primary residence HELOC; 680+ FICO is required for second homes and investment properties.
Demonstrated history of making consistent, on-time mortgage payments.
DTI ratios of up to 50% will be considered.
Take a look at our various HELOC programs to find the right equity solution for your needs.
