Celebrating 25 years of business, since 1999.

Get Up to 85% of Your Home Equity in CASH without changing your mortgage rate!

  • Fast application and rate quote in minutes!
  • Money in your bank in 10 days*
  • Available for primary, secondary, or investment homes!
Cazle Cash Out
Minor Credit Issues? No Problem!

Use your home equity cash for

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Consolidate High Rate Debt
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Increase Your Homes Values
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Fund Life Events

Unlocking your home's equity can be a smart financial move, but ​how much can you actually borrow?

Let's walk through the calculations to help you ​determine your borrowing potential.

What you will need for this calculation:
  • Home Value: Current market value of your ​home.
  • Outstanding Mortgage Balance: Remaining ​balance on your current mortgage.
  • LTV Ratio: Desired loan-to-value ratio (typically ​up to 80-90%).
  • Interest Rate: Estimated interest rate for the ​HELOC or second mortgage.
Your Loan Details
Based on your info, you may be eligible for up to $0 in cash.
  • Fast application, fully online
  • Cash in as little as 7 days
  • Pay interest only on what you withdraw
  • Tap into 90% of your home's equity²
  • $0.00
  • $0.00
  • 0.00
This calculator and the maximum cash amount you may be eligible for are for illustrative purposes only. This is not a commitment to pre-approve or lend. APR and monthly payment shown are based on your inputs above. Your actual APR and monthly payment may be greater. Final approval, rates, and monthly payments will vary depending on, among other things, timing of your loan, your individual circumstances and credit profile.

Use the CASH for:

  • Reduce high credit card balance
  • Increase your home value
  • Build a home office or she-shed
  • Fund a wedding or your dream vacation
  • Cover medical expenses or treatment costs
  • Add a patio, deck, or terrace for summer parties

HELOC vs Second Mortgage: Which is Right for You?

Second Mortgage can be a bit like deciding between a latte and an espresso.
Both ​have their perks, but which one fits your financial taste?

Let's delve into the nuances of each to help you make an informed decision.

HELOC vs Closed-End Second Mortgage – A Side-by-Side Comparison

Features HELOC Second Mortgage
Interest Rate Adjustable rate, often tied to the prime rate. *Note: Prime is currently at 8.5% Fixed rates and fixed payment 
Access to Funds Revolving line of credit, akin to a credit card.   Lump sum payment, similar to a traditional loan.
Interest Payments Pay interest only on the amount used. Interest and principal on the full loan amount.
Flexibility Flexibility to borrow as needed. Less flexible due to fixed loan terms.
Loan Duration Typically shorter-term Generally longer-term
Risk Interest rates can fluctuate, based on the prime rate.  Stable payments, fixed loan term

The choice between a HELOC and a Closed-End Second Mortgage hinges on your ​financial goals, flexibility needs, and tolerance for risk. Whether you prioritize flexibility ​or stability, understanding the key differences can help you align your choice with your ​financial strategy.

Want to dive deeper and make an informed decision?
Reach out to our loan experts ​today. We're here to guide you through the options and find the best fit for your needs.

About Cazle Mortgage

Celebrating 25 years of business, empowering ​homeowners to make financially informed decisions, since ​1999.

  • 23+

    23+ years of experience

  • 516

    Over 516 5-Star Reviews

  • $3B

    Over $3 Billion funded

  • 15K

    more than 15,000 + clients