Need $50,000 of home equity — without the full mortgage circus?
That’s exactly what this page is for. A new kind of home equity loan exists now: a quote in minutes with a soft credit pull, income verified automatically from bank and deposit data — no tax returns — and funding in days, not weeks. If you’re self-employed or your returns are full of write-offs, that alone can be the whole ballgame. Your existing first mortgage, and its low rate, stays exactly where it is.
Two things to know going in, because I’d rather you hear them from me than find out later: these are lines of credit that start fully drawn — you take the full amount at closing, then can re-draw as you pay it down — and your home secures it, so treat it with the respect a mortgage deserves. I’m Jason Brookes, a California broker since 2003. The links below go straight to the lenders — no forms between you and your quote. If your situation is bigger or more complicated than a straightforward equity draw, that’s what the conversation button is for.
Aven
An equity-backed Visa with cash back on spending, plus fixed-rate options — rates well below normal credit cards because your equity secures it. Quote in about three minutes.
Figure
A fixed-rate home equity line, fully online — full draw at closing, then re-draw as you repay for up to 5 years. Fast close, predictable payment. I’ll submit your info directly so you skip the marketing funnel.
55 or older and don’t want another monthly payment?
There’s a different tool for you: a second mortgage / line of credit with no required monthly payment — the balance is repaid when you sell or leave the home, and your first mortgage stays untouched. Often a family decision; adult children are welcome in the conversation from the start.
Quick Questions
Will this change my current mortgage rate?
No. Everything on this page is a second lien or equity-secured account — your first mortgage and its rate are untouched.
Does getting a quote hurt my credit?
No — the quotes here start with a soft inquiry, which doesn’t affect your score. A hard pull only happens if you proceed with a full application.
I’m self-employed with big write-offs — will I qualify?
This is where these products shine: income is verified from bank and deposit activity instead of tax returns, so aggressive write-offs don’t count against you the way they do in a traditional file.
What’s the catch?
You pay for the convenience in rate and cost, the line starts fully drawn at closing, and your home is the collateral. For a mid-sized need where the alternative is a full-documentation mortgage process, that’s usually still a fair trade — and if your situation calls for something else, ask me. I broker traditionally underwritten HELOCs and fixed seconds too; they’re just not the right tool for most people landing on this page.