EquitySelect is a flexible HELOC that lets eligible homeowners access their equity, choose from multiple payment plans, and qualify using a capped payment instead of a traditional HELOC payment.
Step 5 of 5
$—
$—/mo
Illustrative traditional HELOC qualifying payment at 7.25%, amortized over 20 years, on the same estimated credit line. It updates with the credit line as you explore EquitySelect payment plans.
Illustrative interest-only payment at 9.6% APR, assuming the full estimated credit line is drawn. It updates with the credit line as you explore EquitySelect payment plans.
1% Payment Plan
EquitySelect Capped Monthly Payment
$—/mo**
These monthly payments do not include taxes and insurance, which will need to be paid separately by the borrower. Paying the capped payment will result in a balloon payment.
*This is only an estimate and is provided for informational purposes only. Actual figures may vary and are subject to change. This is not a commitment to lend.
**EquitySelect is a home equity line of credit (HELOC) mortgage loan. Monthly payments may not cover all accrued interest, and unpaid interest is added to the balance, resulting in a balloon payment at the end of the term or upon payoff. There is a required minimum initial draw of $75,000 or 50% of the credit line for 1st-liens (60% for 2nd-liens), whichever is greater. The draw period lasts seven years for 1st liens (five years for 2nd liens) and no additional draws can be made after that. Interest Rate is based on Secured Overnight Financing Rate (SOFR) Index + Margin (APR). APR excludes loan fees, points and similar charges relating to opening, renewing, or continuing the account.
Equity Select is a non-recourse loan, meaning the homeowner will never owe more than the home is worth. However, the home may still be foreclosed upon if loan obligations are not met. The APR in the example above is currently unavailable.
For full disclosures, visit Compliance Information
A loan officer will reach out with a personalized EquitySelect estimate based on the information you entered.
If you would like to speak to a loan officer immediately, please call us at: (866) 243-5906.
See what’s possible with flexible payments to help consolidate debt, fund your goals, or even refinance a high-payment mortgage.
EquitySelect’s available credit lines are typically larger than traditional HELOCs because of how we calculate your DTI, or debt-to-income ratio.
See your potential credit line and monthly payments that could open up more possibilities.
$—
One more step for your payments
is your estimated available EquitySelect line of credit, based on the numbers you shared.
One more step to see your estimated monthly payments.
Estimate only, for illustration — not a commitment to lend. Actual terms subject to underwriting.
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Estimates are for illustration only and are not a commitment to lend. Terms subject to underwriting.
This quick video can help you understand the EquitySelect difference before you start your estimate.
A flexible home equity option designed for homeowners who want access, control, and a payment structure that feels easier to understand.
Select from multiple payment plans at closing, based on what fits your goals.
EquitySelect uses a capped monthly payment to qualify you, not the full traditional HELOC payment.
Access a revolving line of credit. Draw what you need, repay, and draw again.
Your selected payment structure is designed to avoid the traditional HELOC recast surprise.
You and your heirs will never personally owe more than the home’s value. Failure to fullfil the terms of the loan can result in foreclosure.
If the traditional HELOC payment makes qualifying harder or creates payment concern, EquitySelect gives you two clearer paths built around a lower qualifying cap and a lower starting payment.
Traditional HELOC
Higher example payment. Harder to qualify. Less helpful when the goal is easier access to home equity.
$1,875
avoid this path
Better option
EquitySelect Qualifying Capped Payment
Uses the capped figure for qualification, helping remove the traditional HELOC payment as the obstacle.
$391
used to qualify
Better option
EquitySelect Starting Payment
A lower starting payment option designed to keep monthly cash flow easier to manage. Monthly payments may increase up to the capped payment based on the loan balance.
$250*
starting monthly
Simple takeaway: EquitySelect can turn the qualifying payment from the obstacle into the advantage. Figures are examples only and are not a commitment to lend.
Update your kitchen, bathrooms, or living spaces.
Cover medical costs, tax bills, or major life events.
Support education or grow your investments.
Take a dream vacation or purchase a second home.
Create a safety net for whatever life brings your way.
EquitySelect stacks up against a traditional HELOC, offering a clear comparison of payments, terms, qualifications, and more. See how EquitySelect stands out.
HELOC
Minimum Payments
As low as an annual 1%
Interest Only the first 5-10 years (then principal and interest)
Term
40 Years
15-30 years
Pre-payment Penalty
None
Pre-payment penalties can be charged in some cases - make sure to ask your lender
Qualifications
First and second position options and must be primary residence and have equity
Second position loan and qualify based on credit score and income
Credit Requirements
650
Based on lenders requirements
Annual Fees
None
Annual fee to keep the loan open
EquitySelect is a home equity line of credit (HELOC) mortgage loan. Monthly payments may not cover all accrued interest, and unpaid interest is added to the balance, resulting in a balloon payment at the end of the term or upon payoff.
We offer a complete suite of mortgage products designed around different homeownership, retirement, and investment goals.
A traditional mortgage option for buying or refinancing a home with flexible terms, competitive rates, and guidance to compare available loan choices.
More details
A traditional mortgage provides funds to purchase a property or refinance an existing mortgage. You repay the loan, plus interest, over an agreed term; as you make payments, your balance decreases and your home equity increases.
FHA loans can offer 96.5% loan-to-value financing, 100% gift funds, down payment assistance programs, 580+ credit score options, and seller-paid 2/1 buydown options.
More details
Access grants or loans for down payment and closing costs. Options may be available with a 600+ FICO score and are not limited to first-time homebuyers.
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Use your home equity through a flexible revolving line of credit for expenses such as home repairs, education, major purchases, or other financial needs.
More details
A Home Equity Line of Credit (HELOC) lets homeowners access their available home equity as needed through a flexible, revolving line of credit.
Jumbo loan options may offer up to 89.99% loan-to-value, loans to $3M, and $500k cash out with a 660+ FICO score. Interest-only payments may be available.
More details
VA loans can help eligible veterans purchase with 100% financing and no mortgage insurance, so they can get pre-approved and shop with confidence.
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The VA loan program may allow qualified veterans to purchase a home with no down payment. Unlike many other loan programs, VA loans are not subject to mortgage insurance. Speak with a mortgage loan originator to review your options and, if you qualify, obtain pre-approval documentation.
Non-QM loans can provide flexible income verification, asset-based underwriting, and alternative documentation paths for self-employed borrowers.
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Self-employed non-QM mortgages are designed for borrowers who may not meet traditional income and documentation requirements, offering a possible path to purchasing or refinancing.
Alternative financing may offer up to 90% loan-to-value, $4M loans, $3M cash out, bank statement, P&L, and ITIN options, plus interest-only choices for 620+ FICO borrowers.
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Investor loan options may include up to 80% LTV, $3.5M loans, $1M cash out, 640+ FICO, no DSCR, foreign national, interest-only, and non-owner-occupied options.
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The timeline is simple, guided, and designed to keep borrowers moving from first estimate to available funds.
1
Start with a quick EquitySelect estimate and choose your goal.
2
Connect with a loan officer and complete the application.
3
HighTechLending reviews documents and orders the appraisal.
4
Your loan is reviewed, verified, and cleared for closing, if approved.
5
If approved, funds may be available in as little as 2–4 weeks.
*Typical funding time frame only. Timing is not guaranteed and depends on borrower responsiveness, appraisal, underwriting, and program eligibility.
Traditional HELOCs qualify you on the full interest-only payment. EquitySelect uses the capped qualifying payment from the Minimum Monthly Payment Percentage Plan chosen at closing. That one difference can mean the difference between denied and approved — especially for borrowers on fixed retirement income.
EquitySelect requires a minimum initial draw equal to the greater of: $75,000, 50% of the credit line for 1st liens (80% for 2nd liens), or any existing mortgage being paid off. After the initial draw, the rest of your approved line is available to access as you need it during the draw period.
At closing, you choose a Minimum Monthly Payment Percentage Plan from 1% to 5%, calculated annually on the outstanding loan balance. The chosen plan stays with the loan for its life and cannot be changed later. Because minimum payments may not cover all accrued interest, unpaid interest is added to the balance, which can result in a balloon payment at the end of the term or upon payoff.
Because EquitySelect minimum monthly payments may not cover all accrued interest, any unpaid interest is added to the loan balance over time. The full remaining balance — known as the balloon payment — becomes due at the end of the 40-year term, when the loan is called due, or upon payoff (such as when the home is sold or refinanced), whichever occurs first.
Availability: Currently available in AZ, CA, CO, CT, FL, GA, HI, ID, IL, MI, NC, NJ, NV, OH, OR, SC, TN, UT, and VA. Not available in all states. We’re actively expanding — if your state isn’t listed and you’d like to be notified when it’s available, contact us at (866) 243-5906.
No. You can pay down or pay off EquitySelect at any time without penalty. Because it’s a revolving line of credit during the draw period, paying down your balance also restores availability — you can draw against it again.
A 1st-lien EquitySelect replaces any existing mortgage and sits in first position on the property. The draw period is 7 years and maximum line size is up to $4,000,000. A 2nd-lien EquitySelect sits behind your existing first mortgage; the draw period is 5 years and maximum line size is up to $1,000,000. Both share the same 40-year term, payment-plan flexibility, and non-recourse protection.
Figures shown are estimates only and do not constitute a commitment to lend. Subject to underwriting approval and program guidelines. HighTechLending, Inc. · NMLS #7147.
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HighTechLending Inc – NMLS #7147
2030 Main St. #500
Irvine, CA 92614
(866) 714-2040
(Not for use by New York borrowers)
ACT@hightechlending.com
Member Of
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HighTechLending Inc is an Equal Housing Lender, NMLS ID #7147 (www.nmlsconsumeraccess.org).
2030 Main Street, Suite #500, Irvine, CA 92614.
©2026 – HighTechLending, Inc.
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A loan officer will reach out with a personalized EquitySelect estimate based on the information you entered.
If you would like to speak to a loan officer immediately, please call us at: (866) 243-5906.
