Explore home equity
loan and HELOC options.
See how participating lenders may let you borrow against the equity in your home. Your home secures the loan, so compare the details carefully before you decide.
From ZIP code to options
Get a clearer view of home equity options before you commit to anything.
Estimate a home equity loan payment
Enter an amount, a term and an APR to see an illustrative fixed monthly payment and total interest.
Estimates only, based on the numbers you enter. Not an offer of credit. Lendara is not a lender.
Questions, answered
What's the difference between a home equity loan and a HELOC?
A home equity loan is usually a lump sum with fixed payments. A HELOC is a line of credit you draw from over time, often with a variable rate. Both are secured by your home.
What happens if I can't make the payments?
Because your home secures the loan, missing payments could lead to foreclosure. Consider how a new payment fits your budget before you apply.
Will I be approved?
Approval isn't guaranteed. Each participating lender reviews your home's value, your existing mortgage, credit and income, and decides eligibility, amount, rate and terms.
Is Lendara a lender?
No. Lendara is a free online marketplace that connects you with participating lenders. We do not make credit decisions or lend money directly.
How does Lendara make money?
We may receive compensation from partners when you view or engage with offers. This can influence which offers appear and their order.
Related guides
- Home Equity Loan vs. HELOC: What to Compare
How a home equity loan differs from a HELOC, what it means that your home secures the debt, and the details worth comparing before you borrow against your equity.
- How Much Can You Borrow Against Your Home?
How lenders estimate your usable home equity, what combined loan-to-value means, and what else shapes how much you may be able to borrow with a home equity loan or HELOC.
- How a HELOC's Draw and Repayment Periods Work
What happens during a HELOC's draw period and repayment period, why the payment can change, and the questions worth asking before you open a home equity line of credit.
Lendara is a marketplace, not a lender, and does not make credit decisions. Home equity loans and HELOCs are secured by your home, and you could lose your home if you do not repay. Rates and terms vary by lender and are determined by the lender; HELOC rates may be variable. Applying with a lender may result in a hard inquiry and may require an appraisal. We do not guarantee approval, rates or savings.