Is a HELOC right for you?
A Home Equity Line of Credit (HELOC) can be a smart financial solution if you’ve built up equity in your home and want flexible access to funds. Whether you’re tackling home renovations, consolidating debt, paying tuition, or simply building a financial safety net, a HELOC gives you the freedom to borrow as needed—and only pay interest on what you use.
At Foundation Lending Partners, we make the process fast and seamless, with the ability to close in less than a week. If you’re ready to put your home equity to work, we’re here to help you decide if a HELOC is the right move for your goals.
Benefits of a HELOC loan
A HELOC offers powerful benefits, starting with flexibility. Borrow what you need, when you need it, and reuse your credit line without reapplying. Interest rates are typically lower than those on personal loans or credit cards, making a HELOC a cost-effective way to fund large expenses or ongoing projects.
Best of all, Foundation Lending Partners can close your HELOC in under a week, giving you fast access to funds when timing matters most. You may even qualify for tax-deductible interest if funds are used for home improvements—just check with your tax advisor.
HELOC eligibility requirements
To qualify, most lenders require at least 15–20% equity in your home, a credit score of 620 or higher, and a healthy debt-to-income ratio. At Foundation Lending Partners, we look at the full picture to help you find the best path forward.
And because we understand that speed matters, we specialize in lightning-fast closings—often in less than one week. Whether you’re ready to move forward or just exploring your options, our team is here to guide you with clarity and confidence.
Want to tap into your home’s equity? See how much you could borrow with our easy-to-use HELOC Calculator…
Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!
Based on your information,
you may qualify for up to
you may qualify for up to
$175,000
Based on 90% of your home value minus existing mortgage
Loan Amount
$450,000
Interest Only Period Payment
$185,000
Repayment Period Payment
$175,000
Dollars
Interest Paid
Principal Paid
Ending Balance
Cash Out
$
Remaining Available HELOC
$
Reserve Equity
$
Existing Mortgage
$
Loan Amount
$
Interest Only Payment
Repayment Period Payment
$
Interest Rate
%
Disclaimer
The calculations provided are estimates based on the information you've provided and current market rates. Actual HELOC terms, rates, and available amounts may vary based on lender criteria, credit score, and other factors. This calculator is for informational purposes only and does not constitute a loan offer or guarantee of credit.
No matter what your situation is, there is a home financing solution for you. We are ready to guide you through your options and get you the best deal possible!
Check out our other mortgage calculators
Access our top-rated mortgage calculators to expertly assess your financing options, compare various loan types, and make informed decisions for your home buying journey.
