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.
Please add your contact info and a loan officer will be in touch with you shortly.
Estimates are for illustration only and are not a commitment to lend. Terms subject to underwriting.
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