Access funds when you need them, pay only for what you use.
A Home Equity Line of Credit from Redwood Crest Mortgage gives you the flexibility to borrow against your home's equity on your own terms. Draw funds for home improvements, education, or major life events, then repay at your own pace.
Trusted by homeowners who know their equity is their greatest asset.
- Simple online applications
- Transparent terms upfront
- Support when you need it
How it works
Your equity, your way.
A Home Equity Line of Credit is a revolving credit account secured by your home's equity. Unlike a traditional loan, you only borrow what you need and pay interest only on the amount you've drawn. This flexibility makes HELOCs ideal for ongoing expenses or projects where you might not need all the money upfront. You'll have a draw period during which you can access funds, and a repayment period afterward. Our team will walk you through the process clearly, so you understand every step before you commit to anything.
What makes a HELOC right for you.
HELOCs aren't one-size-fits-all, and neither are we. Here's how to think about whether this option matches your situation.
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You have significant home equity.
HELOCs are secured by your home's value. The more equity you've built, the more you can potentially borrow. We'll assess your home's current value and what you owe to determine your borrowing capacity.
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You need funds over time, not all at once.
If you're planning a multi-phase renovation, funding education over several years, or want backup for unexpected costs, a HELOC's draw period works better than a lump-sum loan.
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You prefer flexibility and lower initial costs.
You'll only pay interest on what you've borrowed, not on the entire available credit. During the draw period, you might even pay interest-only, keeping monthly payments lower.
Start your application
Getting started is straightforward.
We've designed our process to be clear and honest from start to finish. No surprises, no pressure, just help when you need it.
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Tell us about your situation.
We'll ask about your home, your equity, and what you're hoping to accomplish. This conversation helps us determine if a HELOC is the right fit and how much you might be able to borrow.
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Review your terms and options.
Once we've assessed your equity, we'll present your options clearly. You'll see your available credit limit, draw period, repayment terms, and how your payments might look over time.
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Complete your application and close.
If you're ready to move forward, we'll guide you through the application, appraisal, and closing process. Our team handles the complexity so you don't have to.
Questions about HELOCs.
We're here to help you understand how this works and whether it's right for you.
What's the difference between a HELOC and a home equity loan?
A home equity loan gives you a lump sum of cash upfront, and you pay it back over a fixed term with fixed payments. A HELOC is a line of credit you can draw from whenever you need it during the draw period, and you only pay interest on what you've actually borrowed. Think of it like a credit card secured by your home's equity, but with better terms.
How much can I borrow with a HELOC?
Your borrowing capacity depends on how much equity you have in your home. Equity is the difference between your home's current value and what you still owe on your mortgage. We'll order an appraisal to determine your home's value, then calculate how much you can borrow based on that equity. The exact amount varies by situation, which is why we assess each application individually.
What happens after my draw period ends?
Once your draw period ends, you move into the repayment period. During this time, you can no longer draw new funds, and you begin making principal and interest payments on what you've borrowed. Your payments will be structured based on the repayment term you've chosen. We'll make sure you understand this transition before you close.