Access your equity. Keep your low first-mortgage rate.
Tap your home equity for debt consolidation, remodeling, or major expenses without automatically refinancing the low-rate first mortgage you already have.
- Keep your low first-mortgage rate while accessing home equity
- Choose from fast-close and better-term home-equity options
- Higher-CLTV options may be available for eligible borrowers
- Work directly with a licensed Watermark loan officer
Step 1 of 2
See what may be possible
Start with the basics. We'll use this to understand what you're looking for.
Access your equity and keep your low first-mortgage rate
If you already have a low first-mortgage rate, you may be able to access cash through a second-lien home-equity option without refinancing that first mortgage.
Fast-close options
If timing matters most, we can review streamlined home-equity options designed for a faster process.
Better-term options
If you have more time, we can compare programs that may offer better pricing or terms with a longer closing timeline.
Higher-CLTV options
Eligible borrowers may have access to programs allowing higher combined loan-to-value levels, including options up to 100% CLTV. Not all borrowers qualify.
We don't force every borrower into the same home-equity product.
Some clients care most about accessing funds quickly. Others would rather wait longer for potentially better pricing or terms. We can also review higher-CLTV options for borrowers who need to access more of their available equity.
What could your equity help you accomplish?
Start with your goal. We'll help determine which available home-equity structure fits the scenario.
Consolidate debt
Explore using home equity to pay off higher-interest credit cards or other qualifying debt.
Remodel your home
Turn available equity into funds for kitchens, bathrooms, additions, repairs, and other improvements.
Access cash
Use the equity you've built for major expenses or other eligible financial goals.
Compare the cost of your current debt with a home-equity option.
Enter a balance and your current interest rate to see a simple illustration of how the interest cost could compare with a lower-rate home-equity option.
Want a personalized review? See my options →Illustration only. This compares simple annual interest using the rates entered above and does not include closing costs, loan fees, amortization, taxes, changing balances, or other terms. It is not a quote or a commitment to lend.
A simple process, with a real loan officer
Designed to feel as easy as a modern online lender while keeping the personal guidance of an experienced mortgage team.
- 1
Tell us your goal
Share a few basics about your property, current loan, and how much cash you're looking for.
- 2
We compare options that make sense for you
Your Watermark loan officer reviews your scenario and compares available home-equity options based on your goals, timing, and overall fit.
- 3
Choose what makes sense
Compare timing, payment, rate, costs, and available equity before deciding whether you'd like to proceed.
Your request is reviewed by a licensed Watermark Home Loans loan officer.
You won't be dropped into a marketplace of competing lenders. A Watermark mortgage professional will review your scenario, explain the available options, and help you compare speed, costs, payment, and terms.
See My OptionsHome equity questions
Not necessarily. Many home-equity products are structured as separate liens, allowing an existing first mortgage to remain in place.
That depends on property value, current mortgage balances, credit, income, occupancy, product guidelines, and other underwriting factors.
Common uses include debt consolidation, home improvements, major expenses, and other eligible purposes. Product restrictions may apply.
See If You Qualify
Answer a few quick questions to see which self-employed mortgage options may fit your situation. No obligation.
See My OptionsTakes about 1–2 minutes. One question at a time.
Ready to get started?
If you already know you want to move forward, you can start the full mortgage application now.