SoFi Blog

Tips and news—
for your financial moves.

SoFi Mortgage Loans – Spring EQ


Home Equity Line of Credit (HELOC)

Turn your home equity into cash with a HELOC.

✓ Access up to 95% or $500k of your home’s equity
✓ Lower interest rates than unsecured loans
✓ Flexible — borrow what you need, when you need it



Get started

Why SoFi

Finance debt consolidation or home improvements with SoFi as your Home Equity broker.

No change to your mortgage rate

No need to refinance your first mortgage. And for qualified borrowers, there are options to access a large portion of your home’s equity

Lower monthly payment

You could save compared to a high-interest credit card or unsecured installment loan.

Finance almost anything with up to $500k

Access up to $500,000 of your home’s equity (up to 95%) to finance home improvements or consolidate debt.

Dedicated one-on-one support

You’ll have a dedicated SoFi Mortgage Loan Officer to help you find the right loan option.

How it works:

  1. 1

    Help us understand your needs

    Answer a few questions online to help us assist you better.

  2. 2

    Get paired with a dedicated loan officer

    You’ll be connected with an experienced SoFi Mortgage Loan Officer ready to help you determine the right product for you.

  3. 3

    Submit your application.

    Your SoFi loan officer will submit a home equity application for you to get you access to your cash.



Why Home Equity

could be right for you:

Pay off

high-interest debt

You could save with a lower monthly payment by consolidating high-rate credit cards or other installment loans to a lower rate.

Home

improvement

Renovations often result in a higher home value. Home equity can be a cost-effective and tax-deductible way to bring your ideas to life.

Large

purchase

No restrictions on how funds are used. Plus, low rates and longer term options could result in lower monthly payments versus other loans.

Learn more about accessing your home’s equity.









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