Bottom Line Up Front
A second mortgage disbursed at closing at a fixed rate. Payments begin immediately. Unlike HELOC, the full amount comes upfront.
Overview
A second mortgage disbursed at closing at a fixed rate. Payments begin immediately. Unlike HELOC, the full amount comes upfront.
Who Qualifies?
15-20% equity. 680+ credit. Combined LTV <80-85%.
Key Benefits
- ✓Fixed rate
- ✓Predictable payments
- ✓Lump sum
- ✓Keep existing mortgage
✅ Pros
- Rate certainty
- Full amount upfront
- Don't disturb first mortgage
⚠️ Considerations
- Higher rate than first mortgage
- Second lien
- Fixed amount only
California-Specific Information
Lets CA homeowners access equity without refinancing a favorable first mortgage rate.
Rates & Pricing
Fixed, typically 1-3% above first mortgage rates.
Why Choose Save Financial for Home Equity Loans?
Save Financial is a trusted California mortgage broker (NMLS #377740) with 45 years of combined experience and relationships with 20+ wholesale lenders. We specialize in finding the best home equity loans rates and terms for California borrowers. Our $500 price guarantee means if we can't beat another lender's offer, you get $500. We serve 60+ California cities from our offices in Newport Beach and Marina del Rey, and our team speaks English and Spanish.
Call (888) 703-1840 or get a free quote online — open 7 days a week, 9AM–8PM.
$500 Cash Loan Price Match Guarantee
Get a written offer from any lender. If Save Financial cannot beat it for the same product, we pay you $500 cash.
NMLS #377740 · DRE #01875766 · Call (888) 703-1840
Reviewed By
Mike Baasti, Licensed Mortgage Broker
Founder of Save Financial, Inc. (NMLS #377740) in Newport Beach, CA. 20+ years in residential and investment lending across conventional, FHA, VA, jumbo, hard money, bank statement, and specialty mortgage programs.