1What it is and who it's for
Most past clients who closed under 5% should never refinance their first mortgage. When they need cash for a renovation, tuition or debt, a HELOC lets them borrow against their equity and keep that low rate. That's the pitch, and it should be said out loud.
Clients above about 6.5% are a different conversation: they belong on the refinance list, not the HELOC list.
2Coming to this page
- ClearEquity reports that show each past client's estimated value, balance and equity, with an alert when a HELOC makes sense.
- A HELOC vs. cash-out guide and talking points.
- HELOC pricing from Capital Markets.