Unlock the equity you have built
Your home is more than a place to live -- it is a powerful financial asset. Access your equity for renovations, debt consolidation, or any major expense with competitive rates and expert guidance from Best Finance.
Check your optionsNo credit impact | No commitmentThree ways to access your equity
Every homeowner's situation is different. Compare the three main home equity products to find the right fit for your goals.
HELOC
- Revolving credit line -- borrow, repay, borrow again
- Interest-only payments during the draw period
- Variable or fixed rate options available
- Draw funds as you need them, not all at once
Home Equity Loan
- Lump sum disbursement at closing
- Fixed interest rate for the life of the loan
- Predictable monthly payments from day one
- Terms from 5 to 30 years
Cash-Out Refinance
- Replace your existing mortgage with a new, larger one
- Receive the difference as cash at closing
- Potentially lower your interest rate at the same time
HELOC vs Home Equity Loan vs Cash-Out Refinance
| Feature | HELOC | Home Equity Loan | Cash-Out Refi |
|---|---|---|---|
| How you receive funds | Revolving credit line -- draw as needed | One-time lump sum at closing | Lump sum from new mortgage proceeds |
| Interest rate type | Variable or fixed | Fixed | Fixed or adjustable |
| Repayment | Interest-only during draw period, then principal + interest | Fixed monthly payments from day one | Single mortgage payment (replaces old mortgage) |
| Flexibility | High -- borrow and repay as needed | Low -- fixed disbursement and schedule | Low -- set amount at closing |
| Best for | Ongoing expenses, renovations in phases | Large one-time expenses with predictable payments | Accessing equity while refinancing your mortgage |
| Tax deductible | Yes, if used for home improvements * | Yes, if used for home improvements * | Yes, if used for home improvements * |
* Tax deductibility depends on how funds are used. Consult a tax advisor for guidance.
Home Equity Calculator
See how much equity you can access from your home
Which option is right for you?
Match your situation to the best home equity product.
A HELOC lets you draw funds as each project phase begins, so you only pay interest on what you actually use. Perfect for kitchens, bathrooms, or multi-phase renovations.
Explore HELOC →A home equity loan gives you the full amount upfront with a fixed rate and fixed monthly payment. Ideal for debt consolidation, a major purchase, or tuition.
Explore Home Equity Loan →Replace your current mortgage with a new one at potentially better terms and receive the equity difference as cash. One payment, one rate, one loan.
Explore Cash-Out Refinance →How it works
Apply online in minutes
Complete our simple application and see your preliminary rate offer. No branch visits, no paperwork to mail -- everything is digital.
Connect with your advisor
A dedicated loan officer will review your options, answer your questions, and help you choose the best home equity product for your situation.
Access your equity
Once approved, your funds are available quickly. Your advisor guides you through every step from application to funding.
Frequently asked questions
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See your home equity options in minutes. No credit impact, no commitment.
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