Compare HELOC rates in Springfield.

Introduction to HELOC Rates

Welcome to your comprehensive guide to home equity line of credit (HELOC) rates in Springfield, Missouri. Whether you’re considering a home renovation, planning to consolidate debt, or facing other significant expenses, this guide will help you understand the current market and how you can best leverage your home equity. You’ll learn about the factors that influence HELOC rates, the benefits and risks of HELOCs, and how to compare different lenders. Armed with this knowledge, you’ll be well prepared to make a sound financial decision about whether a HELOC is right for you.

What Is a HELOC?

What is a home equity line of credit (aka HELOC)? It’s a revolving line of credit that uses your home equity as collateral. Your equity is the difference between your home’s value and your outstanding mortgage balance, and it increases as you pay down your home loan. Usually, you will need to have built up at least 15% equity in your home to qualify for a HELOC, and you can generally borrow up to 90% of that equity.

Since a HELOC is a line of credit, you can borrow funds if and when you need them, up to an amount set by your lender. But it’s important to know that a HELOC has two different phases:

Where Do HELOC Interest Rates Come From?

HELOC interest rates are closely tied to the prime rate, which is heavily influenced by the actions of the Federal Reserve. To determine what HELOC rates they’ll offer, lenders add a margin to the prime rate, so if the prime rate rises, HELOC rates are likely to increase as well. Lenders also consider your credit score, debt-to-income (DTI) ratio, income, and the amount of equity you have in your home to decide what they will offer you. Their conclusions will vary, which is why it’s worth shopping around to find the best HELOC rate you can.

How Interest Rates Impact HELOC Affordability

The interest rate you secure on your HELOC will have a major effect on how much you pay over the life of your credit line. Even a small difference in the rate can dramatically affect the total amount of interest you’ll owe. For example, say you’re looking for a 20-year $50,000 HELOC. If you get an interest rate of 8.00%, you’ll pay $30 more a month than if your rate were 7.00%. Over the 20 years, that will add up to a difference of more than $7,000. And the larger your HELOC is, the more impact a difference in interest rate will have.

Variable vs. Fixed Interest Rates

HELOCs typically feature variable interest rates, which can rise or fall based on market conditions. If you choose a variable-rate HELOC, it will often start at an interest rate lower than a fixed-rate option, making your initial payments more manageable. However, over the HELOC term, variable rates are subject to change, leading to unpredictable monthly payments.

By way of contrast, a fixed interest rate never changes over the term of the HELOC, so there are fewer surprises. Fixed-rate HELOCs aren’t the norm, but some lenders do offer them, so don’t hesitate to ask about them if you think you’d prefer more predictable payments.

HELOC Interest Rate Trends

Watching the movements of the prime interest rate can be helpful in getting a sense of where HELOC rates might be going. Over the years since 2018, the prime rate has fluctuated, dipping to a low of 3.25% in 2020 and then rising to 8.50% in 2023. Understanding these historical patterns may give you some insight into the HELOC rates you’re encountering now. Many homeowners try to time their HELOC searches to an anticipated dip in the prime rate, but that’s not always possible, especially if your need is urgent.

Helpful Tools & Calculators

Before you submit an application for a HELOC or a home equity loan, let our online calculators do the math to help you make an informed decision. They’re designed to give you a clear picture of what to expect in terms of monthly payments.

How to Qualify for a Competitive HELOC Rate

To secure an attractive HELOC rate, you’ll need to make sure that your credit score, debt-to-income (DTI) ratio, and amount of home equity all meet lenders’ requirements. Typically, lenders will expect you to have at least 15% equity in your home. Here are some tips to improve your odds of getting a good offer.

Improve Your Credit Score

To up your chances of getting the best HELOC rates, you’ll need a credit score of 700 or more. Making your payments on time and chipping away at your credit card balances may help your score over time. Keeping your credit utilization low can also strengthen your score. And don’t forget to give your credit report a regular once-over to check for errors: Disputing any problems you find can keep your record accurate.

Calculate Your Debt-to-Income (DTI) Ratio

For the most competitive rates, you’ll want to aim for a DTI ratio less than 36%. DTI ratio is simply your total monthly debt payments divided by your gross monthly income. To calculate yours, tally up all your monthly debt payments — from mortgages and car loans to credit card minimums — and divide that number by your monthly pretax income. A lower DTI ratio indicates that you are less burdened by debt and shows lenders how well you can afford payments on a HELOC.

Application Process for a HELOC in Springfield

Many lenders offer the option to prequalify for a HELOC online, which can save you time and streamline the process. Taking this preliminary step gives you a glimpse of the Springfield HELOC rates that you might be eligible for, as well as an estimate of the credit amount available to you. Once you’ve got a sense of those numbers, you can begin the application process, which will involve providing more detailed information about your financial situation and property.

Closing Costs and Fees

The good news is that HELOC closing costs are generally more affordable than those associated with purchasing a home or refinancing. The most significant expense is often the appraisal fee, which can range from $300 to $600 or more. Keep an eye out for other potential fees, such as application, origination, and administrative fees, as well as title searches. Some lenders charge annual maintenance fees that could be as much as $250. It can be tempting to accept if your lender offers to reduce or waive closing costs, but know that typically that will likely mean you pay a higher interest rate.

Tax Benefits and Considerations

As a homeowner, you may be able to deduct some or all of your HELOC interest on your federal tax return if the funds you’ve borrowed are spent on significant improvements to your primary residence. Since not everything qualifies as a significant improvement and there are limits on how much you can deduct, it’s a good idea to consult with your tax advisor about this option.

Alternatives to HELOCs

Besides a HELOC, there are also other ways to get equity out of your home, including home equity loans and cash-out refinances. Each of these has pros and cons, so it’s worth looking closely at them all – as well as at personal loans – to make sure you pick the financing that works best for you.

Recommended: Different Types of Home Equity Lending

The Takeaway

When you’re thinking over whether to apply for a HELOC, look carefully at the pros and cons. These lines of credit are versatile, allowing you to finance home improvements, education, or debt consolidation. But they also carry the potential for home loss if you don’t make your payments. Investigating Springfield HELOC rates to find the most favorable ones you qualify for can help you make a wise choice.

Unlock your home’s value with a home equity line of credit from SoFi, brokered through Spring EQ.

View your rate

Compare HELOC rates in New York.

Introduction to HELOC Rates

We’ve created this comprehensive guide to home equity line of credit (HELOC) interest rates in New York City to assist you as you’re looking to access funds for a home renovation, education costs, or other significant expense. It’s designed to help you make well-informed financial decisions by filling you in on the factors that influence HELOC interest rates, as well as the benefits and risks of opening a HELOC to draw on your home equity. By the time you finish reading this guide on how to get equity out of your home, you will be equipped with the knowledge you need to assess current market conditions and qualify for the best available rates in New York City.

What Is a HELOC?

In order to make the right decisions about borrowing via a HELOC, it’s helpful to understand what a home equity line of credit is in the first place. A HELOC is like a credit card, with a credit limit set by your lender — based on your home equity — that you can borrow against as you need to. Your home serves as the collateral, so if you don’t repay the money you borrow, you could face foreclosure.

Your home equity is the difference between the value of your home and your mortgage balance. To qualify for a HELOC, you typically need at least 15% equity. You can borrow up to 90% of the equity you have accrued. HELOCs are popular because they’re flexible, and interest rates are often lower than those on unsecured loans. A HELOC has two main phases:

The Origin of HELOC Interest Rates

Lenders look to the prime rate, a figure that moves up or down with the Federal Reserve’s economic maneuvers, as a starting point for determining interest rates for HELOCs and different types of home equity loans. Institutions then tack on their own margin, which is why rates vary among lenders. This is a reason why it’s wise to seek out rate quotes from multiple lenders.

If you apply for a HELOC, your personal financial profile, including credit score, debts, and your home equity, always play a role in the interest rate you’ll be offered. Borrowers with higher credit scores and equity levels often land the best rates.

How Interest Rates Impact HELOC Affordability

It takes time and energy to shop around for ideal HELOC interest rates, but the rate you get in New York City really matters. Your rate has a huge influence on what you’ll pay! Even a small shift in your rate can mean a lot more (or less) interest over the life of the HELOC. Here’s an example: Say you use $100,000 of your HELOC during the 10-year draw period. The monthly interest payment based on a 7.00% interest rate would be $583, versus a monthly payment of $667 at a 8.00% rate. That is a $84 per month difference.

If you were repaying principal plus interest on the same $100,000 during a 20-year repayment period, your monthly payments would be higher: $775 at the lower interest rate and $836 at the higher one. That doesn’t seem like an enormous difference, but over the entire repayment term, having the lower interest rate could save you $14,674. Since HELOC interest rates are variable, real-world numbers will differ.

This chart compares HELOCs at different credit line amounts, terms, and interest rates:

HELOC Interest Rate Trends

It’s not the only influencer of HELOC rates, but the prime rate is one thing to keep in mind when you shop for them. Since 2018, the prime rate has been actively bouncing up and down; it hit a low of 3.25% in 2020 and a high of 8.50% in 2023. Knowing something about this history can give you a useful perspective on the current rates you see in New York City.

Variable vs. Fixed Interest Rates

HELOCs tend to come with variable interest rates, also known as adjustable rates. These rates may go up or down over time based on movement in the market, at intervals and according to caps that a HELOC agreement should detail. That means the interest amount you pay might change over time. If you want a steady monthly payment that won’t change, a home equity loan might be preferable for you — read on for an explanation of how they work.

Helpful Tools & Calculators

Before you apply for a HELOC, it’s helpful to estimate what different aspects of it will cost. You can use some handy online tools to do this. Here are a few we like.

How to Qualify for a Competitive HELOC Rate

If you need to secure a strong rate on a HELOC, start by looking at your personal numbers. Most important will be your credit score, debt-to-income (DTI) ratio, and home equity percentage. Lenders will expect you to have at least 15% equity in your home (more will be even better!). Here’s how to ensure your finances are in line before you submit your application.

Improve Your Credit Score

Aim for keeping your credit score at 700 or above. It’s one key to unlocking the best HELOC rates out there. You can dial your number north by paying your bills on time and steadily paying down credit card balances you’ve accumulated. While you’re doing that, review your credit report for inaccuracies, dispute errors and work to get them removed, so your score will reflect your true financial responsibility.

Calculate Your Debt-to-Income Ratio (DTI)

Knowing your DTI ratio isn’t hard. It requires a simple calculation: Divide your debts — that is, your total monthly payments on them — by your gross monthly income. Most HELOC lenders are looking for a DTI that is under 50%, but for a really enviable HELOC rate in New York City, you’ll want to get yours below 36%. Paying down your debt and getting a raise at your job will have the same good effect on your DTI.

Application Process for a HELOC in California

An application for a HELOC in New York City is pretty straightforward, especially if you take a little time to prequalify online. That will let you view the rate you might be able to qualify for. If you end up moving forward with the full application, you’ll just have to get the necessary paperwork together and submit via the web. Here’s a step-by-step:

Closing Costs and Fees

HELOCs may come with closing costs that seem preferable to what you’d pay in this phase if you were securing a home mortgage loan or a cash-out refi. An appraisal fee will generally be the most significant expense, and other costs might be for a title search, application, origination, and administrative fees. Some lenders charge annual maintenance fees up to $250. Keep in mind: If a lender offers to reduce or waive your closing costs, you could very well be trading those costs for a higher interest rate (not worth it).

Recommended: HELOC vs Home Equity Loan

Tax Benefits and Considerations

Homeowners can at this point deduct the interest they pay on a HELOC. This will almost always be true if you use the borrowed funds to make significant improvements to your primary residence. Remember to itemize your costs. Also be aware that this policy may change. You’ll benefit if you consult with a tax advisor about your specific circumstances.

Alternatives to HELOCs

There are other products besides a HELOC to help you get equity out of your home, including familiar options like home equity loans and cash-out refinancings. Personal loans are another option. It’s worth considering every one of them before you commit to a HELOC.

The Takeaway

When considering a HELOC, weigh both the benefits and the risks. HELOCs offer a flexible way to borrow funds — it’s great to pay interest only on the portion of the credit line you use. They also come with variable interest rates and their inherent risks, plus potential for foreclosure if payments become too difficult. It pays to explore current HELOC rates and terms with multiple lenders in New York City before you decide.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

Unlock your home’s value with a home equity line of credit from SoFi, brokered through Spring EQ.

View your rate

Compare HELOC rates in Houston.

Introduction to HELOC Rates

This guide to HELOC interest rates in Houston, Texas, is packed with information that can help you make informed decisions about how to draw equity from your home. Whether you are considering pulling equity for a full home renovation or long-awaited improvements, or for another significant expense, this comprehensive overview can help you understand factors that influence HELOC interest rates and the benefits and risks of opening a HELOC with a Houston lender. Read on for the knowledge you need to understand current market conditions, and to know what you need to do to qualify for a great rate.

What’s a HELOC?

Before you begin making any borrowing decisions, it will be helpful to understand what a home equity line of credit is and how you can use it to your advantage. A HELOC is a line of credit you can borrow against, in whatever amounts you need, up to a certain limit set by your lender. That limit is based on your level of home equity, among other things. Your home serves as the collateral, which means you’ll need to repay what you borrow or you could face foreclosure.

Your home equity level is easy enough to calculate — it’s the difference between your home’s value and the current balance on your home loan. To find it, simply subtract your current mortgage balance from the estimated value of your home, then divide the answer by that home value figure. The number you’ll arrive at will be your percentage of accrued home equity.

To qualify for a HELOC, you’ll typically need at least 15% equity. You can usually borrow up to 90% of the equity you’ve accrued in your home. HELOC interest rates are often lower than the rates you’ll find on unsecured loans, as you look for options on how to get equity out of your home, making them a popular choice. But before you make the leap, you’ll want all the facts.

A HELOC has two main periods:

The Origin of HELOC Interest Rates

Lenders determine interest rates for HELOCs and different types of home equity loans using the prime rate as a baseline. This figure tends to move up or down depending on the Federal Reserve’s latest economic maneuvers. Lenders tack on their own margins to arrive at the rates they offer, which is why advertised numbers can vary.

Differences among lenders’ offerings are only one reason to seek out multiple rate quotes if you plan to apply for a HELOC. Your own financial overview, including your credit score, debt level, and the equity you have in your home, plays a role in the interest rate lenders will offer you, too. A high credit score and solid home equity can definitely work in your favor.

How Interest Rates Impact HELOC Affordability

You will need to put in time and energy looking for top HELOC interest rates, but the rate you agree to makes a difference. Even a small rate advantage can mean you’ll pay a lot less interest over the lifetime of the HELOC. If you use $50,000 from a HELOC during the 10-year draw period, for example, the difference in monthly interest based on an 8.50% versus a 9.50% interest rate would be $42 per month. Monthly payments would be $354 or $396, respectively.

Think that isn’t a big difference? Keep doing the math. Once you start paying off both the principal and interest on the same $50,000 credit line during a 20-year repayment period, your monthly payments would be $620 at the lower interest rate and $647 at the higher one. Over the whole repayment term, the higher interest rate would end up costing you an extra $3,000. Since HELOCs have variable interest rates, the real-world numbers will differ.

Check out this chart comparing HELOCs at different credit line amounts, terms, and rates:

HELOC Interest Rate Trends

While it isn’t the only possible indicator for HELOC rates, the prime interest rate can be a helpful gauge. Since 2018, the prime rate has bounced up and down — it hit a low of 3.25% in 2020 and a high of 8.50% in 2023. Being aware of this history when you shop can give you a useful perspective on the current rates you may see in Houston.

Adjustable vs Fixed Interest Rates

Adjustable interest rates are the usual for HELOCs, though it can vary by lender. These adjustable rates tend to start lower than the fixed kind, but in time they can go up or down due to impact from the market. If you choose to move forward with a HELOC, examine offers from multiple lenders for the specifics; you want to know how often rates may change and if the lender will cap them at a certain point. This option might be a good one for you if you can handle financial ebb and flow.

Helpful Tools & Calculators

When you apply for a HELOC, you can look at online tools to help you estimate how much cash you’ll need to make your monthly payments, and what you might pay in interest. Using these will help you understand how a HELOC and its rate could sway your budget, so you can plan.

How to Qualify for a Competitive HELOC Rate

Your credit score, DTI ratio, and home equity level are critical if you want to land a top rate on a HELOC. Lenders look for a potential borrower to have at least 15% equity in their home — and more is better. Here are some ways to ensure your finances are in good shape before you work on the application.

Improve Your Credit Score

A credit score of 700 or higher is considered top-notch — and will be the key to unlocking the best HELOC rates. Good news is, you can nudge your number higher by paying bills on time and slowly but surely chipping away at any balances you’re carrying on credit cards. Read your credit report closely for inaccuracies and dispute any errors, so your score will truly reflect your financial responsibility.

Calculate Your Debt-to-Income (DTI) Ratio

Figuring out your DTI ratio is easy. Just add up the total debts you’re responsible for paying, and divide the sum by your gross monthly income. Most HELOC lenders are looking for borrowers with DTIs under 50%. To be eligible for an enviable HELOC interest rate in Houston, you’ll want to get yours down even further, below 36%. Paying off debt (or increasing earnings) will always enhance your financial profile.

Application Process for a HELOC in Houston

Initiating an application for a HELOC in Houston is straightforward, especially if you prequalify online first, which will also let you view the rate you might qualify for. If you move forward with the full application, you’ll need to gather the necessary paperwork and submit it with your forms via the web. Here’s a step-by-step:

Closing Costs and Fees

HELOCs may come with lower closing costs than you’d pay for a home mortgage loan or a cash-out refi. Usually, the appraisal fee is the borrower’s most significant expense. Other costs you might encounter may be for a necessary title search, and application, origination, and administrative fees. Some lenders charge an annual maintenance fee of up to $250. Keep in mind: If a lender offers to reduce or waive closing costs, it could be in exchange for a higher interest rate.

Recommended: HELOC vs. Home Equity Loan

Tax Benefits and Considerations

Right now, homeowners can deduct the HELOC interest they pay if they use the funds borrowed to make significant improvements to their home. Be aware that this policy may change. Consult a tax advisor about your specific circumstances and remember to itemize your costs.

Alternatives to HELOCs

You can find other ways besides a HELOC to get equity out of your home. Examples include a home equity loan and a cash-out refinance, as well as a personal loan. It’s worth considering every option before committing to a HELOC.

The Takeaway

If you are exploring the possibility of applying for a HELOC in Houston, weigh both the likely benefits and the potential risks you’ll be taking on. A HELOC offers financial flexibility by allowing you to borrow only the money you require, and when you need it. It can come with a more appealing interest rate than another option — that makes a HELOC a good borrowing choice if you want to use it to help you manage large, ongoing expenses. But a HELOC also comes with the risk of losing your home should you default. You should realistically assess your financial situation before you take out a line of credit. You’ll also want to look at multiple lenders’ rates, and know that you’ll likely need a credit score of 640 or higher to qualify.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

Unlock your home’s value with a home equity line of credit from SoFi, brokered through Spring EQ.

View your rate

Compare HELOC rates in Miami.

Introduction to HELOC Rates

Welcome to your comprehensive guide to home equity line of credit (HELOC) interest rates in Miami, Florida. Whether you’re considering borrowing funds for a home renovation or another significant expense, you can use this information to help you make a well-informed financial decision. The guide covers the factors that impact HELOC rates, the pros and cons of these financial tools, and how to shop around and compare offers.

What Is a HELOC?

A HELOC is a revolving credit line secured by your home equity (the value of your home, less the amount you owe on your home loan). Most lenders will require you to have at least 15% equity in your home to qualify for a HELOC. You can typically borrow up to 90% of that equity.

Foreclosure is the main risk if you default. You should know that HELOCs have variable interest rates and two main phases: the draw period and the repayment period.

Recommended: Different Types of Home Equity Lending

Where Do HELOC Interest Rates Originate?

Lenders set their HELOC rates to the prime rate, which is linked to Federal Reserve policies. Each lender then tacks on a margin, leading to the spectrum of rates you’ll encounter. They also take into account your individual financial profile, including your credit score, debt-to-income (DTI) ratio, income, and the equity in your home. A stellar credit score and a healthy DTI ratio can tip the scales in your favor for a more attractive HELOC rate. By being in the know about these factors, you’re better equipped to anticipate rate shifts and make savvy choices about when to pursue a HELOC.

How Interest Rates Impact HELOC Affordability

Even a seemingly small difference in your HELOC rate can make a noticeable impact on your overall costs. For example, if you used $50,000 from a HELOC during your 10-year draw period, the difference in the monthly interest payment based on an 8.50% versus a 9.50% rate is $42 per month (monthly payments would be $354 and $396, respectively). That might not seem like a big deal, but over time, those interest costs add up — to more than $7,000 over a 20-year repayment period.

Variable vs. Fixed Interest Rates

HELOCs, on the other hand, typically come with variable interest rates, meaning they can change based on the market. These rates often start lower than fixed rates, which can make your initial payments more manageable. But because they can change, your monthly payments will fluctuate over time. When deciding between the two, think about whether you’d rather have lower initial rates or more predictability.

HELOC Interest Rate Trends

Keeping an eye on the prime rate can provide valuable insight, although it’s not a perfect science on where rates are headed. Over the past several years, the prime rate has been as low as 3.25% in 2020 and as high as 8.50% in 2023. This historical perspective can help you brace for potential changes in HELOC rates in Miami.

Helpful Tools & Calculators

Before you apply for a HELOC, use our online tools to help you estimate your monthly payments and interest costs. A HELOC payment calculator and HELOC interest-only calculator can help you understand how much you might expect to pay for a HELOC. A home equity loan calculator can help you compare loan options to make the right decision for your needs.

How to Qualify for a Competitive HELOC Rate

To land a competitive HELOC rate, you’ll want to keep your credit score in tip-tip shape, ideally 680 or higher, and ensure your DTI ratio doesn’t exceed 43%. Lenders will also glance at your home’s equity, seeking at least 15% equity in the property. Meeting these standards will set you up for more favorable terms and rates, transforming your HELOC into a savvy financial move.

Improve Your Credit Score

Keeping your credit score at 700 or above is key to unlocking those better interest rates for your HELOC. The good news is, you have the power to improve your credit score. By paying your bills on time and chipping away at those credit card balances, you’re on the right track. Don’t forget to give your credit report a once-over to catch and correct any errors, because every point counts.

Calculate Your Debt-to-Income Ratio (DTI)

Your DTI ratio is a simple calculation: your total monthly debt payments divided by your gross monthly income. Most HELOC lenders typically favor a DTI below 36%, and the lower, the better. To boost your chances of landing a competitive interest rate, work on reducing your debt or increasing your income, or, better yet, do both.

Application Process for a HELOC in Miami

If you’re considering a home equity line of credit, the application process for a HELOC in Miami can be made much simpler by prequalifying online. This will allow you to see potential HELOC rates and get a better idea of the terms and conditions you may qualify for before you apply. Prequalifying typically involves providing some basic financial information and won’t affect your credit score.

Recommended: HELOC vs. Home Equity Loan

Closing Costs and Fees

The good news is that HELOC closing costs are typically less than those for a home purchase or full refinance. The appraisal fee, which can range from $300 to $600, is often the most significant cost. Other potential fees include a title search fee, application fee, loan origination fee, and administrative fees. Some lenders may also charge an annual maintenance fee, which can be up to $250, and transaction fees for each withdrawal. Many lenders offer to reduce or waive closing costs, but this may result in a higher interest rate.

Tax Benefits and Considerations

Homeowners have the option to deduct HELOC interest on a federal tax return, but only if the borrowed funds are specifically used for significantly improving a primary residence. To navigate the specific and potentially complex tax implications, and to confirm individual eligibility for deductions related to HELOCs, consult with a qualified tax advisor. Understanding these potential benefits can be helpful, empowering you to make a more informed financial decision.

Alternatives to HELOCs

There are other financing options besides HELOCs, such as home equity loans, cash-out refinancing, and personal loans, and each has its own advantages and disadvantages.

The Takeaway

As you consider the possibility of a HELOC, keep in mind the benefits and potential pitfalls. A line of credit offers flexibility in your borrowing, and HELOC interest rates are usually better than those for personal loans. But fluctuating interest rates and the risk of foreclosure are not to be taken lightly. Be sure to shop around and compare offers from different lenders to locate competitive terms and conditions.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

Unlock your home’s value with a home equity line of credit from SoFi, brokered through Spring EQ.

View your rate