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Home Equity Loans

Unlock your home's potential with a home equity loan

Tap into your home's value with competitive home equity loan rates and flexible terms designed to fit your financial goals.

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Home Equity Loan Benefits

How a home equity loan works for you

Whether you're looking to renovate, consolidate debt, or cover unexpected expenses, a home equity loan can help you get there. Leverage your home’s value with Lower.

Fixed rates for predictable payments
Receive loan as a lump sum
Possible tax-deductible interest
Extended repayment terms available
Flexible loan amounts for any need

30,000+ five star reviews and counting.

Check ‘em out on: Trustpilot | Google | Zillow | Bankrate

5.0

Farryl was responsive, patient, and worked hard through a complicated process. She kept me updated, found solutions when issues came up, and helped get the HELOC completed successfully.

Tobi M.

Verified Customer

July 18, 2026

5.0

Erik is extremely knowledgeable in all aspects of home mortgage and financial matters. His guidance throughout our HELOC process was outstanding and he was able to make the complicated process of the loan very simple for us. We are very satisfi…ed with Erik and will definitely use him again when the need arises. Ken and Mary Moriarty Colleyville, TX

Ken M.

Verified Customer

September 17, 2026

5.0

Farryl was excellent to work with. She was patient, responsive, and stayed involved through a complicated HELOC process. She kept me updated, helped solve every issue, and made sure the transaction was completed successfully. I truly appreciate… her professionalism and dedication.

Tobi N.

Verified Customer

July 19, 2026

5.0

Sean was super helpful with a home equity loan of ours. Communication was excellent from start to finish. He was always quick to respond no matter the time of day and stayed on top of every detail throughout the process. Made everything feel sm…ooth, clear, and stress-free. Highly recommend!

Eric N.

Verified Customer

May 6, 2026

5.0

I worked with Miquel Esersky on a HELOC loan. The experience was great, easy application, quick approval, great deal and it funded in 7 days from application. I highly recommend Miquel and The Esersky Group for real estate loans!

Brian B.

Verified Customer

March 24, 2026

5.0

I can’t say enough about how wonderful Sean was throughout the entire process. His responses were always immediate. He made the process of getting a home equity loan painless. There were zero frustrations and everything went seamlessly. Highly …recommend!

Jessica L.

Verified Customer

May 18, 2026

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What is a home equity loan?

A home equity loan lets you borrow against your home's value, using it as collateral. It converts your equity into a lump sum of cash, which you repay over a fixed term.

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Why access your home’s equity with Lower?

Lower offers competitive rates, flexible terms, and a simple, stress-free process to help you unlock your home’s value and make your home equity work harder for you.

Work with a Lower advisor
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What are today’s home equity loan rates?

Home equity loan rates change based on market conditions, but at Lower, we offer competitive rates to meet your needs. The best way to find your rate is to start the application process and get a personalized home equity loan quote.

Get a customized rate quote
Frequently Asked Questions

You’ve got home equity questions. We’ve got answers.

A home equity loan allows you to borrow against your home equity in one lump sum.

Unlike a HELOC, which works as a revolving line of credit, a home equity loan gives you the full loan amount upfront and is typically repaid in fixed monthly installments over a set term.

One of the biggest benefits of a home equity loan is predictability. Home equity loans generally have fixed rates, which means your monthly payment stays consistent throughout the life of the loan.

That can make budgeting easier, especially if you are using the funds for a one-time expense such as debt consolidation, a large renovation, or another major purchase.

What’s the Difference Between a Home Equity Loan and a HELOC?

A home equity loan provides a lump sum with fixed rates and set monthly payments over a fixed term. A HELOC (Home Equity Line of Credit) offers a revolving credit line, letting you borrow as needed with variable rates and flexible payments.‍

What’s the Difference Between a Home Equity Loan
and a Cash-Out Refinance?

A home equity loan is a second mortgage, allowing you to borrow against your home's equity while keeping your original mortgage. A cash-out refinance replaces your existing mortgage with a new one for a larger amount, giving you the difference in cash.

Is a Home Equity Loan the Same Thing as a Second Mortgage?

Yes, a home equity loan is a type of second mortgage. It allows you to borrow against your home’s equity while keeping your original mortgage in place. You receive a lump sum and repay it with fixed monthly payments.

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Home Equity Loan Resources

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