Home Equity Line of Credit · Placer & Sacramento
Keep your low mortgage rate — tap your home's equity by utilizing a brokerage formula.
Cali Mortgage's automation shops 100s of HELOC and fixed-rate HELOAN lenders so you don't have to — then hands you the option that actually fits.
Keep your existing first mortgage exactly where it is — no refinancing your low rate.
Headquartered in Roseville, CA — serving Placer, Sacramento, El Dorado & surrounding counties.
100% online · Same-day approval · Fixed and variable options.
Straight math from a local mortgage broker — Managing Producer Aaron Knutson, since 2010.
Today's HELOC rate as of August 13, 2026: 6.749% APR†
Checking your options will not affect your credit score.
★★★★★
Trusted by thousands of local homeowners since 2010
CALI·MORTGAGE
Estimate ID# CM-2179191
Nice — you could tap up to $90,000 while keeping your low first mortgage.
Select the amount you want
$15,000
$750,000
Choose your structure
Since 2010
Serving local homeowners
Thousands
of Placer, Sacramento & El Dorado homeowners helped
Same Day
Approval on qualifying applications
7 Days
Money in the bank
Why homeowners start here
One brokerage. Hundreds of lenders working for you.
We shop the lenders, not you
Our brokerage automation runs your scenario against hundreds of HELOC and HELOAN programs and surfaces the ones that actually fit — no rate-chasing on your end.
100% online, same-day approval
Start the whole thing from your couch. Most qualifying applications get a same-day decision, with money in the bank in about seven days.
Fixed or variable — your call
Take a variable-rate HELOC for flexible access, or a fixed-rate HELOAN when you want a locked payment. If certainty puts you at ease, we completely get it — and offer both.
Keep your low first mortgage
Both options sit behind your existing loan, so the low rate you locked in stays exactly where it is. You reach the equity without re-pricing the whole thing.
The strategy
Reach your equity without giving up a great rate.
A cash-out refinance rewrites your entire mortgage at today's rate — a steep price to pay if you locked something low a few years back. A HELOC or a HELOAN sits behind that first mortgage instead, so you pull from your equity and leave the rate untouched. Prefer certainty over flexibility? The fixed-rate HELOAN gives you one set payment; want to draw as you go? The HELOC keeps the line open. Aaron helps you pick the one that matches how you actually plan to use the money.
The honest part: a HELOC is usually variable — tied to an index like the Prime Rate — so the payment can drift up or down over time, and both products are secured by your home. A fixed-rate HELOAN removes that movement in exchange for less flexibility. Aaron walks you through how each one behaves before you sign anything, so there are no surprises in either direction.
Three ways to reach your equity
HELOC, HELOAN, or cash-out.
There's no single right answer — it comes down to your rate, your goal, and whether you value flexibility or a fixed payment. Here's the short version; Aaron runs all three against your real numbers.
Flexible line
HELOC
What it is
A revolving credit line behind your first mortgage — draw, repay, and draw again as you need
Your first mortgage
Stays put at your existing low rate
Rate & payment
Usually variable; pay interest only on what you actually draw
Best when
You want flexible access and want to protect your current loan
Fixed lump sum
HELOAN
What it is
A home equity loan: a second loan for a fixed amount, taken all at once
Your first mortgage
Stays put at your existing low rate
Rate & payment
Fixed rate and a set monthly payment — no surprises
Best when
You know the amount and want a payment that never moves
Full re-price
Cash-out refinance
What it is
A brand-new, larger first mortgage that pays off the old one and returns the difference in cash
Your first mortgage
Replaced — the whole balance re-prices at today’s rate
Rate & payment
Typically fixed, with one combined payment
Best when
Rates fall far enough to justify re-pricing the entire mortgage
Not sure which fits? That's the five-minute call — and our automation has already compared the lenders behind each one.
What homeowners use it for
Equity you can put to work.
Renovate or add on
Fund a remodel or addition and reinvest in the home you already own.
Consolidate higher-rate debt
Roll higher-interest balances into one line or one fixed payment secured by your equity.
Bridge to your next home
Tap equity for a down payment before your current home sells.
Standby reserve
Open the line now and keep it on hand for whenever you need it.
Tuition or a big expense
Cover a large one-time cost without draining your savings.
Investment down payment
Put equity to work toward a rental or investment purchase.
Check your numbers
See how much you could tap.
Enter your situation for a rough estimate of a HELOC or HELOAN. Checking won't touch your credit — Aaron confirms the real number for your home.
Enter your numbers
How much equity could I tap?
Lenders generally let you borrow against your home up to a combined loan-to-value of around 80%. This is a rough estimate — our automation and Aaron confirm the real number and the best program for you.
In this scenario, you could access up to
$90,000
*Rough estimate based on 80% of home value minus your mortgage. Actual limits depend on your value, combined loan-to-value, income, and credit — determined at underwriting.
How it works
Online to funded in about a week.
Apply 100% online
Start from anywhere in a few minutes. Our brokerage automation instantly compares hundreds of HELOC and HELOAN programs against your scenario — no branch visit, no rate-shopping marathon.
Get a same-day decision
Most qualifying applications get approved the same day. Aaron reviews the shortlist with you and walks through fixed vs. variable so you choose with the full picture.
Money in the bank in ~7 days
Close with easy online notary in most cases, then draw from your HELOC or receive your HELOAN lump sum — typically within about seven days of approval.
Approval times, draw and repayment periods, credit limits, and terms depend on the program and your qualifying details, and are confirmed at underwriting.
Straight math, same as always.
Aaron Knutson — Managing Producer at Cali Mortgage — has helped thousands of Placer, Sacramento, and El Dorado homeowners since 2010. He'll tell you whether a HELOC or a fixed HELOAN fits your goal, and if a cash-out refinance or simply staying put is the smarter call, he'll tell you that too.
FAQ
HELOC & HELOAN questions, answered.
A HELOC (home equity line of credit) is a revolving line you draw from as needed, usually at a variable rate — you pay interest only on what you actually use. A HELOAN (home equity loan) hands you a fixed amount up front at a fixed rate with a set monthly payment. Both sit behind your first mortgage as a second lien, so your existing rate stays untouched. If a payment that never moves puts you at ease, the HELOAN is built for that.
A single lender can only offer its own products. As a brokerage, Cali Mortgage runs your scenario through automation that compares hundreds of HELOC and HELOAN programs at once, then brings you the ones that actually fit your rate, equity, and goal. You get the range without making a dozen calls yourself.
Yes. A fixed-rate HELOAN locks your rate and payment for the life of the loan. Some HELOC programs also offer the option to fix all or part of your drawn balance. Aaron shows you the fixed and variable options side by side so you can pick the comfort level that fits your budget.
No. A HELOC and a HELOAN are both second liens that sit behind your existing mortgage, so your locked-in first-mortgage rate stays exactly where it is. That’s the whole point — you reach your equity without re-pricing the loan you already have.
The application is 100% online and takes a few minutes. Most qualifying applications get a same-day approval decision, and funds are typically available in about seven days after approval, with online notary in most locations. Final timing depends on verification and your property.
It depends on your home’s value, your remaining first-mortgage balance, your income, and your credit. Lenders look at combined loan-to-value across all loans on the home — often up to around 80%. Use the calculator above for a rough estimate, then Aaron confirms your specific number.
Cali Mortgage is headquartered in Roseville, CA and works with homeowners across Placer, Sacramento, El Dorado, and surrounding counties — Roseville, Rocklin, Lincoln, Folsom, Granite Bay, Auburn, and beyond. Call 916-365-2661 and Aaron will run your numbers.
Get started
Let the brokerage formula do the shopping.
Tell Aaron your goal and Cali Mortgage's automation compares hundreds of HELOC and HELOAN lenders — then he runs them, plus a cash-out and staying put, against your real numbers before you decide anything.
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