Can my first mortgage stay in place?

A HELOC can be a separate line secured by your home while your existing first mortgage stays in place. Whether this fits depends on your equity, current liens and the lender’s requirements.

What about my credit score?

Select programs available through Adaptive consider credit scores starting at 600. Credit, income, property details, equity and program requirements all affect eligibility. A minimum score does not guarantee approval.

Can I use self-employed income?

Depending on the lender and your situation, bank statements or other documentation may be considered. Michael will discuss which documents are needed.

What should I compare?

Compare the available line, initial draw, payments, fixed or variable rate terms, fees and cash you receive after any required payoffs. A lower monthly payment does not necessarily mean lower total cost. A HELOC is secured by your home; missing payments can put your home at risk.

Is this an approval or quote?

No. This is an initial inquiry for a personal review. An estimate of your home’s value or equity is not an approved credit limit. Rates, terms, closing times and eligibility depend on the lender and your situation.