Home Equity Loans
Turn the equity you have built into cash you can use.
A home equity loan lets you borrow against your home in a single lump sum, at a fixed rate, with a predictable payment. It is one of the most affordable ways to fund a big goal.
Questions before you start? Call (448) 202-7711.
Why homeowners choose a home equity loan
A straightforward way to access the value you have already built in your home.
A lump sum, up front
A home equity loan pays out in one lump sum at closing. You know exactly how much you are borrowing and exactly what it costs, with no surprises down the road.
Fixed rate, fixed payment
Your rate is locked for the life of the loan, so your monthly payment never changes. That makes budgeting simple compared to variable-rate options.
Often cheaper than credit cards
Because the loan is secured by your home, the rate is typically far lower than credit cards or unsecured personal loans, which can save you real money on larger balances.
Put your equity to work
Use the funds for what matters most: home renovations, consolidating higher-interest debt, tuition, a major purchase, or building a financial cushion.
Need a set amount today? A fixed-rate home equity loan is the cleaner tool. Spending it over time, or not sure of the total? Compare a HELOC, or a cash-out refinance if you need a larger amount.
What people use it for
There are no restrictions on how you use the funds. These are the most common goals.
- ✓ Home renovations and repairs
- ✓ Consolidating higher-interest debt
- ✓ Large one-time expenses
- ✓ Tuition or education costs
Want flexible access instead?
Meet the Aven Home Equity Card
If you would rather draw on your equity as you need it, the Aven card works like a credit card backed by your home equity, with home equity rates, cash back rewards, and a fast online application. It is a great alternative to a one-time lump sum.
Explore the Aven Card →5 stars across 53 Google reviews
A real person in your corner
I am Rich Preston, and I help homeowners tap their equity the smart way. A lump-sum home equity loan and a flexible line like the Aven card each fit different goals. Tell me what you are trying to do and I will point you to the option that actually saves you money.
Common questions
What is the difference between a home equity loan and a HELOC? +
A home equity loan gives you a single lump sum at a fixed rate with a set monthly payment. A HELOC is a revolving line of credit you can draw from as needed, usually at a variable rate. If you want flexible, card-style access to your equity, take a look at the Aven Home Equity Card below.
How much can I borrow? +
It depends on how much equity you have and your overall financial picture. Lenders look at your home value, your current mortgage balance, your credit, and your income. I can run your numbers and show you a realistic range before you apply.
Can I get a home equity loan if I still have a mortgage? +
Yes. A home equity loan sits behind your existing first mortgage as a second lien, so you keep your current mortgage in place and borrow against the equity you have built on top of it.
Who do I call if I have questions? +
Me. Reach Rich Preston directly at (448) 202-7711 or rich@prestonlending.com. I am happy to walk through your options before you commit to anything.
Ready to tap your home equity?
See what you qualify for now, or reach out and I will walk you through your options.
This page is for informational purposes and is not an offer or commitment to lend. All loans are subject to credit approval, income verification, and property appraisal. Borrowing against your home uses it as collateral. Rich Preston, Branch Manager, NMLS 1735238. NEXA Lending, AZ Broker License 0944059, NMLS 1660690. Equal Housing Lender.