Lower rates unlocknew adventureseasier paymentsmore equityreal savings

A smiling bald man in a brown sweater layered over a white collared shirt looks off to the side against a warm, neutral background, appearing relaxed and cheerful.
House with an American flag on a tall flagpole in the front yard.
A smiling woman stands in a doorway, partially framed by the door and exterior siding, wearing a denim shirt and looking outward under warm indoor lighting.
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A large white house with a front porch and dormer windows sits behind a green lawn, framed by leafy trees in a quiet, sunlit neighborhood.
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The upper portion of a two-story house with brown shingle siding, white trim, and a large window beneath a sloped roof, with twin chimney stacks rising above against a clear sky.
A smiling bald man in a brown sweater layered over a white collared shirt looks off to the side against a warm, neutral background, appearing relaxed and cheerful.
A white cat with blue eyes peers down from the top of a cabinet, with a houseplant and decorative items in the foreground, creating a cozy indoor scene.
A wooden rocking chair with a woven seat and patterned cushion sits on a rug in a bright living space, with a dining area visible in the background.
A smiling bald man in a brown sweater layered over a white collared shirt looks off to the side against a warm, neutral background, appearing relaxed and cheerful.
House with an American flag on a tall flagpole in the front yard.
A smiling woman stands in a doorway, partially framed by the door and exterior siding, wearing a denim shirt and looking outward under warm indoor lighting.
Adult and child smiling as they fold an American flag outside on a sunny day.
A large white house with a front porch and dormer windows sits behind a green lawn, framed by leafy trees in a quiet, sunlit neighborhood.
Smiling man in an olive green pullover standing in a kitchen, leaning on the counter.
The upper portion of a two-story house with brown shingle siding, white trim, and a large window beneath a sloped roof, with twin chimney stacks rising above against a clear sky.
A smiling bald man in a brown sweater layered over a white collared shirt looks off to the side against a warm, neutral background, appearing relaxed and cheerful.
A white cat with blue eyes peers down from the top of a cabinet, with a houseplant and decorative items in the foreground, creating a cozy indoor scene.
A wooden rocking chair with a woven seat and patterned cushion sits on a rug in a bright living space, with a dining area visible in the background.

Access my equity

Buying

Refinancing

See the difference. Find your fit.

Compare how a home equity loan and cash-out refinance work before taking your next step.

Best for

How it works

How you'll pay

Credit score

Home equity loan1

Home equity loan1
Cash-out refi

Home equity loan1

Best for

Accessing equity without refinancing your mortgage

How it works

Adds a separate loan alongside your current mortgage

How you'll pay

Two separate loan payments

Credit score

680+

Equity loan options

Best for

Accessing cash with a new rate and one payment

How it works

Replaces your mortgage with a larger loan so you can get cash

How you'll pay

One mortgage payment with a new rate and terms

Credit score

620+

Cash-out options

Cash-out refi

Home equity loan1
Cash-out refi

Cash-out refi

Best for

Accessing equity without refinancing your mortgage

How it works

Adds a separate loan alongside your current mortgage

How you'll pay

Two separate loan payments

Credit score

680+

Equity loan options

Best for

Accessing cash with a new rate and one payment

How it works

Replaces your mortgage with a larger loan so you can get cash

How you'll pay

One mortgage payment with a new rate and terms

Credit score

620+

Cash-out options

Home equity loan1

Cash-out refi

Best for

Accessing equity without refinancing your mortgage

Accessing cash with a new rate and one payment

How it works

Adds a separate loan alongside your current mortgage

Replaces your mortgage with a larger loan so you can get cash

How you'll pay

Two separate loan payments

One mortgage payment with a new rate and terms

Credit score

680+

620+

Equity loan options
Cash-out options

Legal disclosure

1 Home Equity Loan Product is a second standalone lien and may not be used for piggyback transactions. Valid for loan amounts between $45,000.00 and $500,000.00 (minimum loan amount for properties located in Michigan is $10,000.00). Not available on Ameriprise products. Additional restrictions, terms, and conditions apply. Must meet qualification requirements. This is not a commitment to lend.

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Calculate the possibilities

Use our calculator tools to estimate payments, see costs clearly, and make smarter moves.

Collage in the shape of the Rocket Logo featuring scenes of people and families interacting.

Helping more clients home

Lifetime savings

If rates drop, so could your payment. We’ll let you know anytime you could save.

Exclusive discounts

Save with reduced agent commissions and cash credits on your home purchase.

Proven results

Over 9 million mortgages closed and dreams realized.

Important legal disclosures

†Based on data from clients surveyed after closing on a Home Equity Loan or cash-out refinance, August 2026.

1Clients who use a Redfin, Redfin partner agent, Compass, or Compass-affiliated brokerage real estate agent for their purchase transaction may be eligible for a lender credit equal to 0.75% of the final loan amount, up to $6,000, depending on program requirements. Actual savings and eligibility vary based on transaction details and program requirements.

Clients are eligible for a 100 basis point (bps) loan level price reduction when they lock their rate between June 22, 2026, 11 am ET and June 23, 2026, at 8 am ET. Valid only on new rate locks on retail rate/term products. Cannot be applied to previously locked loans. Excludes wholesale, Executive Loan Officer and team member loans. Excludes VA IRRRL and streamline loan products. Additional restrictions/conditions may apply. Rocket Mortgage reserves the right to cancel/modify this promotion at any time. This is not a commitment to lend.

In lieu of lender paid credits, clients may elect a 1-0 temporary buydown. All loans are subject to underwriting approval, and not all applicants will qualify. Loan terms, client, and property must meet applicable investor and program guidelines; the credit may be reduced per investor or regulatory guidelines. Offer valid only on retail loans with conforming loan limits. Non-Qualified Mortgage, Debt Service Coverage Ratio, Interest-Only, Bank Statement, and Jumbo loans are eligible for a lender-paid credit of 0.25% of the loan amount, with no cap. This offer may not be combined with any other discount or offer, and may not be applied on loans through Schwab, Relocation, Rocket Pro, Home Loan Benefit Partners or on team member referrals or team member loans. Rocket Mortgage reserves the right to modify or cancel this offer at any time. Additional restrictions and conditions apply. This is not a commitment to lend.

Rocket Mortgage clients who buy and sell with a Redfin agent may also be eligible for an additional real estate commission discount equal to the lender-paid credit provided by Rocket Mortgage described above, which will be reflected as either a brokerage credit or a discount on Redfin’s fee at the time of the second qualifying transaction. The second transaction, whether a purchase or sale, must close by December 31, 2026. If the client elected the 1-0 temporary buydown from Rocket Mortgage, the commission discount will be 0.75% of the loan amount, up to $6,000. This discount is provided solely by Redfin and is subject to Redfin agent availability. Additional restrictions and conditions apply. This discount may not be combined with any other discount or offer. The discount may be reduced per investor or regulatory guidelines. Not available in all states. Redfin may modify or cancel this offer at any time. Rocket Mortgage and Redfin are affiliated companies and use of each is optional.

Refinancing may increase charges over the life of the loan. Rate alert communications are not a commitment to lend. All loans are subject to credit and property approval.

Rocket Mortgage is a VA-approved lender, not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.