Patrick Taba, also known as Mortgage PatrickMortgage Loan Advisor in Orange County, California
Tap your equity. Keep your rate.
If your first mortgage has a rate you'd never get today, a HELOC or home equity loan lets you borrow against your home's value and leave that rate alone.
4.8 out of 5 from 50+ client reviewsPatrick Taba (Mortgage Patrick), NMLS #1553052, Santa Ana, CA. E Mortgage Capital, Inc., NMLS #1416824, licensed in 47 states. In states where Patrick isn't individually licensed, you'll be connected with a licensed E Mortgage Capital loan officer.
Three ways to use your equity
People use it for renovations, paying off higher-interest debt, tuition or a down payment on an investment property.
HELOC
A line of credit you draw from as needed, usually with a variable rate. Good for costs that come in stages, like a remodel.
Your first mortgageStays as it is
Home equity loan
A lump sum with a fixed rate and a fixed monthly payment. Good for one big, known expense.
Your first mortgageStays as it is
Cash-out refinance
Replaces your current mortgage with a larger one. Usually makes sense only if your current rate is higher than today's rates.
Your first mortgageGets replaced
Get a free home value report
Enter your address below for an estimate of your home's value. You'll also get a free monthly report on your value, equity and options, so you always know where you stand.
The home value form didn't load. You may have an ad blocker on. Call or text (949) 468-3931 and I'll send your report.
How much can you borrow?
A quick estimate based on your home's value and what you owe.
Estimated amount you could borrow
- Your equity today
- Lender limit used
Lenders let your mortgage plus a new HELOC or home equity loan reach a set share of your home's value, often 80% to 90%. Your credit and income matter too.
For illustration only. This is an estimate based on numbers you control, not an offer to lend. Your actual amount depends on an appraisal, your credit and income, and the lender's guidelines.
From a client
When I started this refinancing process, I was really skeptical because of so many scams and fraudulent companies trying to take advantage of seniors. … They made everything very clear, they answered all my question and concerns and they ensured I understood every document and all the steps to the finish line!
Home equity questions
How much can I borrow?
It depends on your home's value, your current balance, your credit and your income. Many lenders let your total borrowing reach about 80% to 90% of your home's value.
Does a HELOC change my first mortgage?
No. A HELOC or home equity loan is a separate loan in second position, so your first mortgage and its rate stay exactly as they are.
HELOC or home equity loan?
A HELOC fits ongoing or uncertain costs, like a remodel paid in stages. A home equity loan fits one known cost when you want a fixed payment.
Is my home at risk?
Both are secured by your home, so it's important to borrow an amount you can comfortably repay. I'll help you size it right.
Get your options
Share a few details and I'll follow up by phone or text. Rather reach out yourself? Use any of these.
- Apply for a HELOCOnline application
- Call (949) 468-3931
- Text (949) 468-3931
- Send HOME on Instagram@mortgage_patrick
E Mortgage Capital is licensed in 47 states. Pick your state in the form, and if I'm not licensed there, I'll connect you with a licensed loan officer on our team.
"It was easy and smooth with great communication and customer service all the way around."
Patrick TabaMortgage Loan Advisor, NMLS #1553052
Sent. Thanks.
I'll call or text you shortly. Need me sooner? Call or text (949) 468-3931.