See if you qualify for a HELOC and keep your low rate.
Try our new Equity Program Finder on the rightbelow. In 60 seconds it shows if you're eligible for a home equity line of credit, or whether another program fits you better. No credit check. 60 seconds, no credit check.
- Which programs you're eligible for today
- What each program can do for your goals
- Whether you can keep your current mortgage rate
HELOC, cash-out refinance or self-banking mortgage?
A HELOC is one of three ways to use your home equity. We compare a home equity line of credit, a cash-out refinance and a self-banking mortgage, and recommend the one that fits.
Home equity line of credit
Borrow against your equity as you need it. Your current mortgage and its rate stay exactly as they are.
Cash-out refinance
Replace your mortgage with a new one and receive the difference in cash, with one monthly payment.
Self-banking mortgage
A first-lien line of credit with built-in checking. Your paycheck lowers your balance every day, reducing interest.
A real bank behind your loan
Presidential Bank Mortgage is a division of Presidential Bank, FSB, a privately held, FDIC-insured bank founded in 1985 in Bethesda, Maryland. In 1995, Presidential became the first bank in the U.S. to offer accounts online.
- Licensed to lend in all 50 states
- Processing, underwriting and closing handled in-house
- Same ownership and management since day one
From question to quote
No long application and no pressure.
Answer a few questions
About a minute. Nothing affects your credit.
See your best match
See the program that fits your goals right away.
Talk to a licensed expert
A loan officer confirms your numbers with today's rates.
What our customers say
Average from 29,223 verified reviews on Experience.com*
Frequently asked questions
Will checking my options affect my credit?
No. We only use the answers you give. We check credit only if you decide to apply.
Will I lose my low mortgage rate?
Not with a home equity line of credit. It sits behind your current mortgage, so your rate stays the same.
Should I use home equity to pay off credit cards?
It can cut your interest costs significantly, but the debt becomes secured by your home. It works best with a plan to keep card balances low. Your loan officer will walk through the tradeoffs.
Are the rates fixed?
Lines of credit have variable rates that can change. Cash-out refinances are available with fixed or adjustable rates.
See which programs your home qualifies for.
Free, takes about a minute, and no credit check.