Can I get a HELOC loan if I already have a mortgage on my home?

Yes, you can! A HELOC lets you tap into your home’s equity without having to pay off your existing mortgage. As long as there’s available equity, we can lend up to 90% of your home’s value, minus what you still owe on your mortgage. Instead of a full appraisal, we typically use an Automated Valuation Model and a property condition report to determine your home’s value making the process faster and simpler.