Your home is a bank. Access it. Funding in 5 days.
Use a Home Equity Line of Credit (HELOC) to get cash when you need it, and only pay interest on what you use.
Why Choose a HELOC?
Flexibility
Draw funds as you need them for up to 10 years. It's like a credit card, but with much lower rates.
Interest-Only Options
Keep payments low during the draw period by paying only the interest due.
Rate Protection
Option to lock in a fixed rate on some or all of your balance to protect against market hikes.
How a HELOC Works
Apply
Get approved for a maximum credit limit based on your home's value.
Draw
Transfer cash to your checking account instantly whenever you need it.
Repay
Make monthly payments on the balance you owe, or pay it off completely to reuse the line.
HELOC FAQs
What is a HELOC?
A Home Equity Line of Credit (HELOC) is a revolving line of credit secured by your home. You can draw funds as needed, pay interest only on what you use, and reuse the line as you pay it back—similar to a credit card but with much lower rates.
How is a HELOC different from a cash-out refinance?
A cash-out refinance replaces your existing mortgage with a new, larger one and gives you the difference in cash. A HELOC is a separate line of credit alongside your mortgage—you keep your current rate and only pay interest on the amount you draw.
How fast can I get funded with a HELOC?
Frendly offers HELOCs with funding in as little as 5 days. The exact timeline depends on your property, documentation, and lender—our team works to get you to closing as quickly as possible.
The smartest way to borrow.
Lower rates than personal loans. More flexible than a cash-out refi.
See How Much I Can Get