Home equity loans, HELOCs and cash-out refinancing
Turn the equity you have built into cash for renovations, debt payoff or big plans. We compare a cash-out refinance, a home equity loan and a HELOC so you can choose with confidence.
- No credit check to start
- Compare options from multiple lenders
- A real person follows up
5.0 on Zillow · 18 reviews
Put your home's equity to work
Home equity is the part of your home you own outright: its value minus what you still owe. Many Atlanta homeowners have built up significant equity, and borrowing against it can be one of the more affordable ways to fund big plans.
Gillors helps you compare the main ways to access your equity, so you can pick the one that fits your goal, your budget and your current mortgage.
Ways to access your equity
Cash-out refinance
Replace your current mortgage with a larger one and receive the difference in cash. One loan, one payment. Often a good fit if you'd also benefit from a new rate or term.
Home equity loan
A second loan, separate from your mortgage, paid out as a lump sum with a fixed payment. Keeps your current mortgage and its rate in place.
HELOC
A home equity line of credit you can draw from as needed, like a credit card secured by your home. Useful for ongoing or uncertain costs.
Availability depends on your situation, your home's value and lender guidelines. All loans are subject to credit approval and property appraisal. Your home secures these loans.
What homeowners use their equity for
Home improvements
Kitchens, bathrooms, additions or a new roof, projects that can also add value to your home.
Paying off debt
Combine higher-interest credit cards or loans into one payment that may cost less each month.
Education
Help cover tuition and other education costs for you or your family.
Major expenses
Medical bills, a wedding, or other large costs you'd rather not put on a credit card.
Buying another property
Use equity toward a down payment on a second home or investment property.
A safety net
Some homeowners keep a line of credit available for emergencies.
Which option is right for you?
If you'd also like a better rate or term on your mortgage, a cash-out refinance may make sense. If you love the rate you have now, a home equity loan or HELOC lets you keep it. If you know exactly how much you need, a lump sum may fit; if your costs will come in stages, a line of credit offers flexibility. Your loan officer will compare the options side by side, including costs, so you can decide with confidence.
Home equity questions
How much equity do I have?
Estimate your home's current value and subtract what you owe on your mortgage. An appraisal confirms the value when you apply. We can give you a quick estimate to start.
How much can I borrow?
Lenders limit how much of your home's value you can borrow against in total. The amount depends on your home's value, your current balance, your credit and the program. Your loan officer can estimate it for you.
Is a HELOC better than a cash-out refinance?
Neither is always better. A HELOC keeps your current mortgage in place, while a cash-out refinance replaces it. The right choice depends on your current rate, how much you need and how you plan to use it.
Will checking my options affect my credit?
No. Our online form doesn't pull your credit. A credit check happens only when you decide to apply.
Find out what your equity could do for you
Tell us about your home and your plans. No credit check to start, and a real person follows up.
What homeowners say
Real reviews from homeowners who worked with Netta Li Fidderer, Senior Loan Officer at Gillors.
Highly recommend Netta Li! It was my first home and the first loan. Netta Li patiently and professionally guided me through the whole process, explaining every term, every detail. Netta Li is very good at communicating! She has always responded very quickly to my texts, emails and calls. …
This is our second deal with Netta Li and like last time she was great, patient and responsive every day, helped us go through the obstacles all the way to a successful deal. Thank you!
I highly recommend Netta Li Fidderer! She is extremely professional, patient, accommodating, and was able to explain the complicated details. I'm happy with the loan that I was able to get with good rates, thanks to her.
