A Home Equity Loan from Rocket Mortgage is a way to get the cash you need – without giving up a low interest rate on your existing mortgage.

Jun 20, 2024 ... That is of course for good credit, 20% equity in the home, etc. Other lenders will pay more for a loan that charges above market interest.

May 7, 2025 ... A home equity loan is a second mortgage that allows you to borrow your equity as a lump sum, using your home as collateral.

Mar 28, 2024 ... Rocket Mortgage now offers a Home Equity Loan,1 which allows you to get cash on hand without having to refinance your current mortgage.

You've paid down your mortgage enough to take out at least $45,000. You can afford a second payment. Home equity loans have fixed interest rates, so the payment ...

Homeowners can access $45,000 to $350,000 of their home's equity in 10- or 20-year term, fixed-rate loans – while maintaining at least 10% equity in their home.

Oct 2, 2024 ... The main difference between a home equity loan 1 and a HELOC is that in a home equity loan, you get an upfront lump sum that you repay in fixed payments.

Our best home equity loan lenders of 2025 ; Low credit scores. Rocket Mortgage logo ; High LTV ratios. Navy Federal Credit Union logo ; Online experience. TD Bank ...

Jan 13, 2025 ... Home equity loan closing costs typically range from 3% – 6% of your loan amount. Explore the closing costs you can expect now.

Aug 2, 2022 ... Homeowners can access $45,000 to $350,000 of their home's equity with 10- or 20-year term, fixed-rate loans, while maintaining at least 10% ...