Unlock the equity you’ve built in your home.
Your home is your most significant financial asset, and we’re here to help you make the most of it. A Home Equity Line of Credit (HELOC) from Cake lets you access your home’s equity with the financial flexibility to tackle life’s biggest opportunities and challenges.
A HELOC is a revolving line of credit secured by the equity in your home, similar to a credit card but with much lower interest rates. You can typically borrow up to 85% of your home’s value minus what you still owe on your mortgage. The draw period typically lasts 5-10 years, during which you can withdraw funds as needed.
The sweet part: You only pay interest on what you actually use, not the entire credit line.
HELOCS are perfect for:
Transparency. No hidden fees, surprise rate changes, or confusing fine print. We explain exactly how everything works.
Competitive Rates. With current national average HELOC rates around 8.26%, we shop the market to get you rates that work for your wallet.
Fast Access. Often you’ll get your funds in days, not weeks, when opportunities or emergencies arise.
HELOC: Draw what you need, when you need it during the draw period. HELOCs have a variable rate that can change.
Home Equity Loan: One lump sum upfront with fixed monthly payments and a fixed rate. Our experts can help you choose what fits your situation.
Draw Period (typically 10 years):
Access your credit line as needed, usually making interest-only payments.
Repayment Period (typically 10-20 years):
Make monthly payments on both principal and interest.
With U.S. homeowners having an average of $212,000 in tappable equity, now could be the perfect time to put that equity to work. Whether it’s a dream kitchen renovation or college tuition, a HELOC from Cake gives you the financial flexibility to make it happen.
Ready to have your cake and eat it too?
Our HELOC specialists are standing by to help you understand your options and find the perfect solution. At Cake, we’re your partner for life, helping you make the most of your home at every stage of ownership.
Ultimate Transparency
Unlike most mortgage companies, which claim to be better while keeping you in their AI-powered feedback loop of confusion, Cake combines tech-enabled efficiency with human-powered care so you’ll always know exactly what’s happening with your mortgage.
We’re here for a good time, not a long time. At Cake, we get your mortgage closed and done easily, quickly, and hassle-free–often within 28 days.
Competitive Rates
At Cake, we’ll do whatever it takes to get you the most competitive rate, even if we make less. This is because we want to be your partner for life.
Partner for life
A home is the biggest investment most people will ever make, yet most people aren’t taking full advantage of the financial opportunities our homes offer. At Cake, our mission is to help our customers unlock the potential of their homes at every stage of home ownership.
We’re Not Just Talking,
Our Customers Are Raving:
Get Approved Now: (888) EAT-CAKE
