Won’t affect your credit score
Understand your HELOC options in as little as 3 minutes. No credit impact.
A flexible HELOC gives you on-demand access to up to 90% of your home’s value.1 Draw when you need it. Skip when you don’t. All with lightning-fast online approval.
Our AI-native tech shops dozens of investors to find your best rate.
Personalized quote in as little as 3 minutes — no credit impact.
Get your cash fast with One Day HELOC™.2
Thousands saved on average through lower rates and fewer fees.
Won’t affect your credit score
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Customers who chose
Better Mortgage
Home loans funded
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Low Rates
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Draw period
Borrow only what you need, when you need it. Pay interest only during this phase.
Repayment period
Fixed monthly payments on only what you borrowed. Your existing mortgage is untouched.
Your home is not at risk if you manage it responsibly
You only owe what you draw — you stay in full control.
Check your rate
Takes as little as 3 minutes. No credit impact. See personalized options.
Customize your line of credit
Select how much equity you want to tap. Draw funds anytime during your draw period. Your home equity, your terms.
Access your cash
Funds can be available in as little as 7 days.3
Home values are up. Put that equity to work.
Median home values are up by $100,000 since 2020.4 HELOCs can put that equity to work tackling renovations or paying off high-interest debt.
HELOCs put your equity
to work for less
Mateo & Alejandra | Better Mortgage customers
See your rates for HELOC in minutes
Will checking my rate affect my credit score?
No. Better uses a soft credit pull to show you your rate options — there's no impact to your score until you formally submit an application and consent to a hard pull.
How much of my home's equity can I actually access?
Up to 90% of your home's value, minus what you still owe on your mortgage.
Does a HELOC affect my existing mortgage rate?
Not at all. A HELOC is a second, separate lien on your property. Your first mortgage — including its rate, term, and monthly payment — is completely untouched. This is the primary reason homeowners with sub-4% rates choose a HELOC over refinancing.
What happens when the draw period ends?
Your line closes to new draws and payments shift from interest-only to principal + interest over a repayment period (typically 10–20 years). Your payment will increase — plan for this before you draw.
What's the difference between a HELOC and a home equity loan?
A HELOC is a revolving credit line — draw what you need, when you need it, and pay interest only on what you use. A home equity loan gives you a lump sum upfront at a fixed rate. If you know exactly what you need, a home equity loan may be simpler. If costs are phased or uncertain, a HELOC is more flexible.
Can I use a HELOC to pay off credit card debt?
Yes, and it's one of the most common use cases. The interest rate difference can be significant — HELOC rates are typically far lower than credit card APRs.
What if I don't use the full credit line?
You owe nothing on the unused portion. Interest accrues only on what you've drawn. Opening a $200,000 HELOC and drawing $50,000 means you're paying interest on $50,000 — not $200,000.
Will checking my rate affect my credit score?
No. Better uses a soft credit pull to show you your rate options — there's no impact to your score until you formally submit an application and consent to a hard pull.
How much of my home's equity can I actually access?
Up to 90% of your home's value, minus what you still owe on your mortgage.
Does a HELOC affect my existing mortgage rate?
Not at all. A HELOC is a second, separate lien on your property. Your first mortgage — including its rate, term, and monthly payment — is completely untouched. This is the primary reason homeowners with sub-4% rates choose a HELOC over refinancing.
What happens when the draw period ends?
Your line closes to new draws and payments shift from interest-only to principal + interest over a repayment period (typically 10–20 years). Your payment will increase — plan for this before you draw.
What's the difference between a HELOC and a home equity loan?
A HELOC is a revolving credit line — draw what you need, when you need it, and pay interest only on what you use. A home equity loan gives you a lump sum upfront at a fixed rate. If you know exactly what you need, a home equity loan may be simpler. If costs are phased or uncertain, a HELOC is more flexible.
Can I use a HELOC to pay off credit card debt?
Yes, and it's one of the most common use cases. The interest rate difference can be significant — HELOC rates are typically far lower than credit card APRs.
What if I don't use the full credit line?
You owe nothing on the unused portion. Interest accrues only on what you've drawn. Opening a $200,000 HELOC and drawing $50,000 means you're paying interest on $50,000 — not $200,000.
Will checking my rate affect my credit score?
No. Better uses a soft credit pull to show you your rate options — there's no impact to your score until you formally submit an application and consent to a hard pull.
How much of my home's equity can I actually access?
Up to 90% of your home's value, minus what you still owe on your mortgage.
Does a HELOC affect my existing mortgage rate?
Not at all. A HELOC is a second, separate lien on your property. Your first mortgage — including its rate, term, and monthly payment — is completely untouched. This is the primary reason homeowners with sub-4% rates choose a HELOC over refinancing.
What happens when the draw period ends?
Your line closes to new draws and payments shift from interest-only to principal + interest over a repayment period (typically 10–20 years). Your payment will increase — plan for this before you draw.
What's the difference between a HELOC and a home equity loan?
A HELOC is a revolving credit line — draw what you need, when you need it, and pay interest only on what you use. A home equity loan gives you a lump sum upfront at a fixed rate. If you know exactly what you need, a home equity loan may be simpler. If costs are phased or uncertain, a HELOC is more flexible.
Can I use a HELOC to pay off credit card debt?
Yes, and it's one of the most common use cases. The interest rate difference can be significant — HELOC rates are typically far lower than credit card APRs.
What if I don't use the full credit line?
You owe nothing on the unused portion. Interest accrues only on what you've drawn. Opening a $200,000 HELOC and drawing $50,000 means you're paying interest on $50,000 — not $200,000.
1 Maximum LTV dependent on borrower eligibility.
2 One Day HELOC offers customers who provide required financial documentation within 4 hours of rate lock the opportunity to receive an underwriting determination (additional requirements may apply) within 24 hours of rate lock. Initial approval does not guarantee final underwriting approval. See One Day HELOC Terms and Conditions.
3 Assumes borrowers are eligible for the Automated Valuation Model (AVM) to calculate their home value, their loan amount is less than $400,000, all required documents are uploaded to their Better Mortgage online account within 24 hours of application, closing is scheduled for the earliest available date and time, and a notary is readily available. Funding timelines may vary and may be longer if an appraisal is required to calculate a borrower’s home value.
4 Source
Notable is a direct lender dedicated to providing a fast, transparent digital lending experience backed by superior customer support. All rights reserved. © Notable Finance, LLC | 6 Landmark Sq, Fl 4, Stamford, CT 06901 NMLS #1824748. Notable is a registered trademark with the U.S. Patent and Trademark Office. California customers: Loans made or arranged pursuant to a California Finance Lenders Law License. Not available in all states.
