Home equity line of credit
A revolving line you draw from as you need it: renovations, tuition, a business, or a cash cushion. Pay interest only on what you use. Draw, repay, and draw again.
The equity in your home, in your account in five days.
iRefi is the home equity lending brand of Clear Mortgage Capital. Check your rate with a soft credit pull, skip the appraisal on loans under $400,000, and fund in as few as five business days, without touching your first mortgage.
- Rate check takes 3 minutes and does not affect your credit score
- No appraiser in your home on loans under $400,000
- Primary homes, second homes, and rental properties
- Can't qualify for a loan? Ask about a home equity investment: no monthly payments, no income check
How much could you borrow?
Move the sliders. No email required to see an estimate.
Estimated line of credit
$275,000
Your total equity
$350,000
Estimate assumes a maximum combined loan-to-value of 90%. Your actual line depends on credit, income, occupancy, and property type. This is not a commitment to lend.
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NMLS 1935005 · Equal Housing Lender
Three ways to borrow against your equity.
All three keep your existing first mortgage and its rate exactly where it is. Prefer no payment at all? There's a fourth way.
Fixed-rate home equity loan
One lump sum at a rate that never changes, with one predictable payment. The right tool for consolidating high-interest debt or funding a project with a known price tag.
Investment property HELOC
Pull capital out of a rental to buy the next one. No rescission period on non-owner-occupied homes, so investment properties are the fastest loans we close. Some have funded same-day.
Don't qualify for a loan? Don't take one.
A home equity investment isn't a loan. An investor gives you cash today in exchange for a share of your home's future value. No monthly payment, no interest, no income verification. You settle up when you sell, refinance, or buy them out, any time within the term.
- No monthly paymentsNothing added to your budget. Ever.
- Up to $600,000Access up to 25% of your home's value.
- No income verificationSelf-employed, retired, between jobs. It doesn't matter.
- Credit scores as low as 500Approval is based on your home, not your FICO.
- Your mortgage stays putKeep your first lien and its rate exactly as they are.
We'll walk you through every number before you sign anything. How a home equity investment works
Which one fits you?
| Feature | HELOC / home equity loan | Home equity investment |
|---|---|---|
| Monthly payment | Yes | None |
| Interest | Yes | None. The investor shares in future value |
| Income verification | Required | Not required |
| Credit score | Good credit needed | As low as 500 |
| Best if | You have income and want the cheapest capital | Cash flow is tight or credit is bruised |
Not sure? Apply once and a licensed loan officer will show you both side by side.
From "what's my rate" to money in the bank.
The whole thing happens on your phone. The only reason it takes days instead of hours is the law: primary residences carry a mandatory three-day cancellation window after you sign.
Start step oneSee your rate
Tell us about the property and what you'd like to borrow. We run a soft credit pull and an automated valuation, so there's no hit to your score and nobody comes to your house.
About 3 minutesVerify income and sign
Connect your accounts or upload documents, with simplified verification if you're self-employed. Then review and e-sign from your phone. Most counties close with an electronic notary.
1–2 daysGet funded
Money is wired to your account. Investment properties and second homes fund in as few as 5 business days. Primary residences average closer to 9 because of the rescission period.
As few as 5 business days
What you'd wait for at a bank.
Same collateral, same product. The difference is how much of the process still runs on paper.
| Step | Typical bank HELOC | iRefi |
|---|---|---|
| Decision | 3–4 weeks | Minutes |
| Funding | 45–60 days | 5–9 days |
| Appraisal | In-person, $500+ | Automated, $0 under $400k |
| Credit check to see rate | Hard pull | Soft pull |
| Paperwork | Printed, mailed, wet-signed | E-signed on your phone |
| Self-employed borrowers | Two years of full tax returns | Simplified verification |
Questions people ask before they apply.
Is the process really five days?
For investment properties and second homes, yes. There's no federal rescission period, so some have funded in under five days and a few the same day. For a primary residence, federal law gives you three business days to cancel after signing, so those average closer to nine days from application to funding.
Do I need an appraisal?
Not on loans under $400,000. We use an automated valuation model, the same kind of data-driven estimate large lenders use, so nobody schedules a walkthrough. Loans over $400,000 require a full appraisal.
Does checking my rate hurt my credit?
No. The rate check is a soft pull, which is invisible to other lenders and doesn't change your score. A hard pull only happens later, after your income is verified and you've decided to move forward.
I'm self-employed. Can I qualify?
Yes. We offer simplified income verification for business owners, contractors, and 1099 earners, so you're not blocked by the two-years-of-tax-returns rule that stops most bank HELOCs.
My home is listed for sale. Can I still borrow?
Yes. Your equity is still yours to use. Homes listed within the last 90 days may carry a slightly higher rate or fee than unlisted homes.
What's a home equity investment, and is it a loan?
It isn't a loan. We give you a lump sum today in exchange for a share of your home's future value, secured by a recorded option on the property. There are no monthly payments and no interest. You settle up when you sell, refinance, or buy the investor out, at any point during the term, which runs up to 10 years or the maturity of your first mortgage. Because there's no payment, there's no income requirement, and credit scores as low as 500 can qualify. It's the right fit when cash flow is tight or a loan isn't available; a HELOC is usually cheaper if you qualify for one, and we'll show you both.
Will this change my current mortgage?
No. A HELOC or home equity loan is a second lien. Your first mortgage, its rate, and its payment stay exactly as they are. If your existing rate is low, this is how you access equity without giving it up.
Who is iRefi?
iRefi is the home equity brand of Clear Mortgage Capital, Inc. (NMLS 1935005), a mortgage lender headquartered in Irvine, California and led by CEO and Principal Broker Nathan Kowarsky (NMLS 294599).
Check your rate. Three minutes, no credit hit.
Answer a few questions and a licensed loan officer will send your options, usually the same business day.
- Soft credit pull only
- No Social Security number needed for a quote
- No obligation. Walk away anytime.
Prefer to talk? 833-33-IREFI, Monday–Friday.