HELOC in Los Angeles County

Get the cash you need without leaving home in Los Angeles County

A HELOC is a open line of credit that gives you access to up to 85% of your combined loan to value on the equity you’ve built in your home. Borrowing against your equity also allows you to access just the amount you need, without refinancing or affecting your current low-interest first mortgage.

Even better, we can often close a HELOC in Los Angeles County in just days, not weeks, helping you get the money you need when you need it. Loans are available from $20,000 up to $400,000. So take a few minutes now to find out how much you’re eligible to receive.

A Home Equity Line can be the right choice to:

Pay off high-interest credit card debt – at a lower interest rate
Buy another home with the proceeds
Make improvements – to increase the value of your home
Pay for college – so your children get the education they deserve
Get the cash you need for a large purchase - it’s really up to you

Facts about a Home Equity Line:

Loans from $20,000-$400,000
Cash out-up to 85% combined loan to value
Affordable monthly payments
Terms of 5, 10, 15 or 30 years
Fixed interest rate
Fast closing-in as little as 5-days
Won’t affect your low 1st mortgage rate

The Home Equity Line is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw.
Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing.
To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
The Home Equity Line and Mortgage products require that you pledge your home as collateral, and you could lose your home if you fail to repay.
Our loan amounts range from a minimum of $20,000 to a maximum of $400,000. Your maximum loan amount may be lower than $400,000, and will ultimately depend on your home value and equity at the time of application. We determine home value and resulting equity through independent data sources and automated valuation models.
All savings calculations are estimates. Savings totals are calculated using the average mortgage balance, average interest rates, and average HELOC amount applied for, and subtracting the difference paid over the life of the estimated loan terms. Actual savings will depend on several factors determined at the time of application and may be less than estimated.

Important Notice to Servicemembers and Their Dependents. If you are currently eligible for benefits provided by Servicemembers Civil Relief Act (SCRA), refinancing current debt may not be beneficial.

Opinions expressed within this content are solely Billcutter’s and do not take into consideration your individual circumstances. To learn whether a HELOC is right for you, please reach out to one of our HELOC experts at (888) 855-1423.

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