MyExpressHELOC™ • Debt Consolidation
Many homeowners use a HELOC to pay off high-interest credit cards, personal loans, and other debt while keeping their existing first mortgage in place.
Over time, credit cards, personal loans, and other monthly obligations can become difficult to manage.
Many consumers are carrying balances with interest rates that are significantly higher than home-equity financing options.
A HELOC may allow qualified homeowners to use available equity to simplify their finances and reduce the number of monthly payments they manage.
Many borrowers prefer having fewer monthly payments to manage.
Use equity that may already exist in your home.
A HELOC allows many homeowners to avoid refinancing their existing first mortgage.
Maximum Loan Amount:
Up to $750,000
Credit Review:
Soft-pull Experian FICO 9
Minimum FICO:
600 for primary and second homes
Investment Property FICO:
680 minimum
Individual results vary. Borrowers should carefully review all loan terms and consult financial professionals as appropriate.
MyExpressHELOC™ offers digital HELOC solutions nationwide.
Primary marketing focus includes Texas, California, Florida, Colorado, Georgia, Washington, Illinois, North Carolina, Virginia, and Nevada.
See whether a HELOC may help you simplify your finances while keeping your existing first mortgage.
Many homeowners use home equity to consolidate higher-interest credit card balances.
HELOC funds may be used for a variety of purposes, including debt consolidation.
No. The initial eligibility review uses a soft-pull Experian FICO 9 inquiry.
Loan amounts of $400,000 or less generally do not require a full appraisal.
No. A HELOC is separate from your existing first mortgage.
MyExpressHELOC™ | Matthew Brown | Loan Factory, Inc. | NMLS #1254250 | Company NMLS #320841. Equal Housing Lender. Program details subject to change. Terms, conditions, and eligibility apply.