Home equity · Florida
The 5 Day HELOC
You have equity. You also have a first mortgage at a rate you will never see again. A cash-out refinance would throw that rate away to reach the money. A HELOC sits behind it and leaves it completely untouched.
What is a 5 Day HELOC?
A 5 Day HELOC is a fixed-rate home equity line of credit that can fund in as few as five business days, compared with four to six weeks for a traditional bank HELOC. The speed comes from an automated valuation model instead of a full appraisal, a soft credit pull, and remote electronic notarization.
Why it closes in days, not weeks
The delay in a traditional HELOC is almost entirely the appraisal and the manual underwrite. This product replaces the full interior appraisal with an automated valuation model, uses a soft credit pull for the initial decision, and closes with remote electronic notarization.
None of that is a shortcut on underwriting. It is the same file, assembled by a lender built for speed rather than a branch network.
What people actually use it for
Renovations that raise the value of the collateral — impact windows, a roof, a kitchen. The down payment on an investment property, paired with a DSCR loan on the new one. Consolidating credit card balances compounding at three times the rate. Or a liquidity reserve for a business, where you draw only what you use.
Next step
Find out if this fits your file
Five minutes, no credit pull to start, and a straight answer from a licensed loan officer.
Straight answers
Frequently asked
How fast can a HELOC actually close in Florida?
Our 5 Day HELOC can fund in as few as five business days on a clean file. The speed comes from an automated valuation model instead of a full interior appraisal, a soft credit pull for the initial decision, and remote electronic notarization. A traditional bank HELOC more commonly takes four to six weeks. Five-day funding is a typical timeline, not a guarantee.
Is a HELOC better than a cash-out refinance?
It depends almost entirely on the rate you are currently paying. If your first mortgage is at a rate you could not replace today, a cash-out refinance means giving up that rate on the whole balance just to access a slice of equity. A HELOC borrows only what you need and leaves the first mortgage alone. If your existing rate is at or above current market, a cash-out refinance may well win.
How much can I borrow against my home?
Take your home's value, multiply by the lender's maximum combined loan-to-value — commonly 85% — and subtract your existing mortgage balance. On a $600,000 home with a $330,000 first mortgage at 85% CLTV that is $180,000 of available credit.
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