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
4.6 Stars
3000+ Google reviews
Customers who chose
Better Mortgage
Home loans funded
entirely online
2025
Best Online Lender
2025 Best HELOC
lender for low equity
2025 Best HELOC
lender for low equity
2025 Best for
Low Rates
Best Mortgage Lenders
of 2023
Best Mortgage Lender for
Affordability 2023
Best for All-in-One
Online Homebuying
$100B+
Home loans funded online
400,000+
Customers proudly served
4.6 Stars
3000+ Google reviews
Customers who chose
Better Mortgage
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
Get a decision
in 24 hrs
2025 Best HELOC
lender for low equity
2026 Best for Home
Equity Loans
2026 Best for speedy
approvals and low fees
2025 Best for
Low Rates
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
11 Based on an internal analysis of Better Mortgage customers who originated a home equity loan or HELOC funded between January 1, 2025 and December 31, 2025, and for whom FICO score data was available both at origination and after funding. The 36-point figure reflects the average change in credit score across this group. Individual results vary and are not guaranteed. Credit score outcomes depend on many factors, including overall credit profile, payment history, credit utilization, and how loan proceeds are used. Opening a new credit account may temporarily lower a credit score.
12 Betsy evaluates loan scenarios using currently available data across participating investors, product types, loan terms, and rate assumptions. The stated number of scenarios reflects a mathematical combination of these inputs (including multiple investors, product categories, loan terms, and rate variations) and does not represent a guarantee that all scenarios are available to every borrower or that any specific rate or loan will be offered. Actual loan options, rates, and terms depend on individual borrower qualifications, credit profile, property characteristics, loan amount, market conditions, and lender requirements at the time of application.
13 Based on Better Mortgage internal analysis of 2025 HMDA-reported mortgage application data. The approval rate reflects applications received between January 1, 2025 and December 31, 2025 that were considered "completed," meaning applications not withdrawn by the applicant or closed for incompleteness. Approval includes applications that were approved but not accepted, loans that ultimately originated, and loans that were approved and later purchased. Results are based on aggregate data and do not guarantee approval for any individual applicant. Approval outcomes depend on a variety of factors, including credit profile, income, assets, property details, and underwriting requirements. Individual results may vary.
14 The stated average monthly savings of $1,279 is based on an internal analysis of Better Mortgage customers who funded a HELOC or home equity loan through Better between January 1, 2025 and December 31, 2025 and used the proceeds to consolidate existing high-interest debt. Savings represent the average difference between customers' prior monthly payments on the consolidated debt and their initial monthly payment on the HELOC or home equity loan at funding. Individual savings will vary based on factors including loan amount, interest rates, credit profile, repayment terms, and the type and amount of debt consolidated. Not all customers will achieve similar savings.
16 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.
17 Better Mortgage's One Day HELOC promotion offers qualified customers who provide certain required financial information/documentation to Better Mortgage within 4 hours of locking a rate on a HELOC loan the opportunity to receive an underwriting determination from Better Mortgage within 24 hours of their rate lock. The underwriting determination is subject to customary terms, including fraud and anti-money laundering checks, that take place pre-closing and which may trigger additional required documentation from the customer. Better Mortgage does not guarantee that initial underwriting approval will result in final underwriting approval. See One Day HELOC Terms and Conditions.
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. ©2017-2026 and TM, NerdWallet, Inc. All Rights Reserved.
