Curious about your cash-out options?
How it works
Payment structure
Core benefit
Rate type
Rocket Mortgage®
Home equity loan 1
How it works
A second loan alongside your current mortgage.
Payment structure
Fixed monthly payments on a lump sum.
Core benefit
Access cash while keeping your rate.
Rate type
Fixed
How it works
A new mortgage that replaces your current one.
Payment structure
Payments rolled into a new mortgage.
Core benefit
Access cash and you could adjust your rate.
Rate type
Fixed
How it works
Flexible loan that doesn’t require home equity.
Payment structure
Fixed monthly payments on a lump sum.
Core benefit
Access cash fast without using your home.
Rate type
Fixed, often higher
Rocket Mortgage®
Cash-out refi
Cash-out refi
How it works
A second loan alongside your current mortgage.
Payment structure
Fixed monthly payments on a lump sum.
Core benefit
Access cash while keeping your rate.
Rate type
Fixed
How it works
A new mortgage that replaces your current one.
Payment structure
Payments rolled into a new mortgage.
Core benefit
Access cash and you could adjust your rate.
Rate type
Fixed
How it works
Flexible loan that doesn’t require home equity.
Payment structure
Fixed monthly payments on a lump sum.
Core benefit
Access cash fast without using your home.
Rate type
Fixed, often higher
Rocket Loans®
Personal loan
How it works
A second loan alongside your current mortgage.
Payment structure
Fixed monthly payments on a lump sum.
Core benefit
Access cash while keeping your rate.
Rate type
Fixed
How it works
A new mortgage that replaces your current one.
Payment structure
Payments rolled into a new mortgage.
Core benefit
Access cash and you could adjust your rate.
Rate type
Fixed
How it works
Flexible loan that doesn’t require home equity.
Payment structure
Fixed monthly payments on a lump sum.
Core benefit
Access cash fast without using your home.
Rate type
Fixed, often higher
Rocket Mortgage®
Rocket Mortgage®
Home equity loan 1
Cash-out refi
A second loan alongside your current mortgage.
A new mortgage that replaces your current one.
Fixed monthly payments on a lump sum.
Payments rolled into a new mortgage.
Access cash while keeping your rate.
Access cash and you could adjust your rate.
Fixed
Fixed
Popular next steps
A closer look at Home Equity Loans
Building home equity is a gradual process.
Some things that affect equity are out of your control — like the housing market — but there are other things you can do to help your equity grow.
Regular payments
Simply making your payment each month will increase your equity over time as the loan balance decreases.
Extra payments
Additional payments toward your loan balance can increase your equity and decrease the length of your loan.
Home improvements
Home upgrades and energy-saving renovation projects can increase the value of your home, building equity.
Home equity calculator FAQ
You can also get help from a Home Loan Expert.