Home Equity Loan

What is the Newrez Home Equity Loan?*

The Newrez Home Equity Loan is our enhanced program built specifically for homeowners to tap into their home equity without giving up their current mortgage or rate.

How does it work?

Put your home to work for you: Get the cash you need. Keep your rate on your existing mortgage.

With a Newrez Home Equity Loan, you gain access to cash at lower rates compared to credit cards or personal loans. And unlike other loans specific to a purchase like an auto loan or student loan, Newrez Home Equity Loan allows you to spend your money, your way – on nearly anything.

What to do when you access your home equity?

With this loan, it is your home’s equity – so when you access your money, you can leverage it in the best way for you.

Borrow up to $350K to put toward home projects, renovations, debt consolidation, education expenses, and more. We’ve seen our homeowners often turn to home equity for big milestones and life events, such as a wedding, moving costs, vacation, or other medical expenses.

Thinking about tapping into your home’s equity?

Here’s more to know: A Newrez Home Equity Loan is independent of your existing mortgage, meaning your primary mortgage loan and rate stay the same. How much you may borrow is determined by your lender considering the amount of equity in your home, your credit score, and your debt-to-income ratio. With a Newrez Home Equity Loan, we can lend up to 80% of what your home is worth.

Get Perks:

If you’re an existing Newrez customer, the application process is easier and speedier. After all, we've got history. If you’re new to us, we’ll get you up to speed on the benefits of working with us!