Rate’s Home Equity Line of Credit (HELOC)³ is one of the fastest ways to get the cash you need.

Fast, like, 5-days fast¹ — 3x faster than banks.²

With your new fixed-rate you can use the cash for things like home improvement, debt consolidation, medical and tuition bills, unexpected costs and more.  

If you’re looking to borrow $25k-$400k there's no better time and no easier way to apply and take advantage of dropping rates and lower monthly payments.

1   Approval may be granted in five minutes but may be subject to verification of income and employment. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. In addition, funding timelines may be longer if we cannot readily verify that your property is in at least average condition with no adverse external factors with a property condition report and may need to order a desktop appraisal to confirm the value of your property.
 
2 Rate's average HELOC funding is 13 days vs. 38 days for banks (per Curinos study, July '24)
 
3  Guaranteed Rate Inc. home equity line of credit (HELOC) is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. This product is currently not offered in the states of New York, Utah, Kentucky, South Carolina, Hawaii, Texas, West Virginia, Delaware and Maryland. The HELOC requires you to pledge your home as collateral, and you could lose your home if you fail to repay. Borrowers must meet minimum lender requirements in order to be eligible for financing. Available for primary, second homes and investment properties only. Dependent on minimum credit score and debt-to-income requirements. Occupancy status, lien position and credit score are all factors to determine your rate and max available loan amount. Not all applicants will be approved. Applicants subject to credit and underwriting approval. Contact Guaranteed Rate for more information and to discuss your individual circumstances. Restrictions Apply.
 
4  Our loan amounts range from a minimum of $15,000 to a maximum of $400,000. For properties located in AK, the minimum loan amount is $25,001. Your maximum loan amount may be lower than $400,000 and will ultimately depend on your home value and equity at the time of application. We determine home value and resulting equity through independent data sources and automated valuation models. For more information about HELOCs go to https://files.consumerfinance.gov/f/201401_cfpb_booklet_heloc.pdf (20220823-1212750) 

5  During Rate's Digital HELOC process, the borrower and/or Rate may need to communicate or facilitate the origination and closing of the borrower’s HELOC using non-digital methods, including but not limited to telephone or letter. There may be instances, due to borrower preference, applicable law, or other reasons, in which HELOC closing must occur in person. Additionally, Rate makes no representations and cannot guarantee that borrower’s HELOC will be serviced by a servicer that maintains an entirely digital process. (20220823-1212750)

Rate's home equity line of credit (HELOC) is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. This product is currently not offered in the states of New York, Kentucky, West Virginia, Delaware and Maryland. The HELOC requires you to pledge your home as collateral, and you could lose your home if you fail to repay. Borrowers must meet minimum lender requirements in order to be eligible for financing. Available for primary, second homes and investment properties only. Dependent on minimum credit score and debt-to-income requirements. Occupancy status, lien position and credit score are all factors to determine your rate and max available loan amount. Not all applicants will be approved. Applicants subject to credit and underwriting approval. Contact Rate for more information and to discuss your individual circumstances. Restrictions Apply.

Turn your home’s equity into cash by next week.¹

Turn your home’s equity into cash by next week.¹

Our HELOC lets you use your home equity to consolidate debt or finance big expenses like home renovations - all at a rate 64% lower than most credit cards.¹

You need money for the big things you’ve got planned. Home renovation, tuition, maybe buying your second home. And you need money for the little things, too — because they can add up pretty fast.

Use the equity in your home to help you tackle whatever comes your way.

Rate’s Home Equity Line of Credit (HELOC)³ is one of the fastest ways to get the cash you need.

Fast, like, 5-days fast¹
3x faster than banks.²

^{With your new fixed-rate you can use the cash for things like home improvement, debt consolidation, medical and tuition bills, unexpected costs and more.}

^{If you’re looking to borrow $25k-$400k there's no better time and no easier way to apply and take advantage of dropping rates and lower monthly payments.}

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Please note that applications, legal disclosures, documents or other material related to Guaranteed Rate products or services promoted on this page are offered in English only. The Spanish translation of this page is for the convenience of our clients; however, not all pages are translated. If there is a discrepancy between the content of the translated page and the content of the same page in English, the English version will prevail.

Copyright © 2024 Guaranteed Rate, Inc. D/B/A Rate. All rights reserved.
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Arizona Mortgage Banker License #0907078
3940 N. Ravenswood Ave Chicago, IL 60613
Operating as Guaranteed Rate, Inc. in New York.
The company name, Guaranteed Rate, should not suggest to a consumer that Guaranteed Rate provides an interest rate guaranteed prior to an interest lock. 

(844) 548-5815

Ridiculously fast, incredibly easy.

Ridiculously fast, incredibly easy.