Upstart
Home equity line of credit
You could reach
$40,000
- Usually the cheapest
- You keep the upside
The cheapest money, if you can carry a payment
A line of credit. Usually the cheapest route if your credit qualifies.
- Monthly payment
- ~$690
- Credit needed
- 660+
- Time to funds
- 2 to 5 weeks
- You could reach
- $40,000
- You keep every dollar the house gains
- Your first mortgage stays where it is
- New monthly payment, usually a variable rate
The cheapest way to use your equity, and it leaves your first mortgage rate alone. The trade is a new monthly payment, usually at a variable rate.
Check my rateYou finish on Upstart’s own site. We do not take your application.