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Take the HELOC Challenge: See What Home Equity Solution Works for You
Compare a traditional bank HELOC with EquitySelect which is designed for equity-rich homeowners who want access to cash with manageable monthly payments.
Traditional Bank Heloc
$200K HELOC
Debt-to-Income Ratio
$800K LOAN
$667 Initial Payment
Take the HELOC Challenge: See What Home Equity Solution Works for You
Are you looking to:
- Get more access to your Home Equity
- Improve your odds of approval
- Preserve the Equity in your home
- Have more borrowing options
A borrower took out an EquitySelect HELOC for $186,000. Compared to a proprietary reverse mortgage, this customer is projected to preserve almost a half a million dollars more with EquitySelect!
Check My Options in 60 Seconds.
Does not impact credit.
If you're exploring better ways to access your home’s equity, here’s a clear, side-by-side comparison to help you decide.
| Feature | Reverse Mortgage |
|
|---|---|---|
| Monthly Payment | No Required Payment* | Low, Structured Payment Plan Options |
| Age Requirement | 62+ | No minimum age requirement |
| Equity Preservation | Equity Ownership Shrinks Over Time | Helps Preserve Equity |
| Ownership | Borrower Retains Title | Borrower Retains Title |
| Best For | Payment Elimination | Predictable, Structured Equity Access |
Interest Rate is based on Secured Overnight Financing Rate (SOFR) Index + Margin (APR). APR excludes loan fees, points and similar charges relating to opening, renewing, or continuing the account.
What’s the Real Difference?
Reverse Mortgage
- Designed to eliminate required mortgage payments
- Loan balance grows over time
- Often used when cash flow is limited
- Can provide lump sum or line of credit
EquitySelect HELOC
- Structured, low monthly payment plan options
- Balance does not compound the same way as a no-payment structure
- Designed for borrowers who want predictable repayment
- Can keep first mortgage intact
Corporate Headquarters
HighTechLending Inc – NMLS #7147
2030 Main St. #500
Irvine, CA 92614
866-801-0501
(Not for use by New York borrowers)
ACT@hightechlending.com
Affiliations
Compliance
