Question 1

What credit score do I need for a HELoan in Pleasanton?

Accepted Answer

Most lenders require a 620 minimum. Scores above 740 get the best rates.

Question 2

Can I keep my existing mortgage and add a HELoan?

Accepted Answer

Yes. A HELoan is a second mortgage. Your first loan stays exactly as-is.

Question 3

How much equity can I borrow against in Pleasanton?

Accepted Answer

Most lenders allow up to 80% combined loan-to-value. The rest stays as your equity cushion.

Question 4

How is a HELoan different from a HELOC?

Accepted Answer

A HELoan is a fixed-rate lump sum. A HELOC is a revolving line with a variable rate.

Question 5

How long does a HELoan take to close?

Accepted Answer

Typically 3 to 6 weeks. An appraisal and title work are required, which drive most of the timeline.

Question 6

What can I use a HELoan for?

Accepted Answer

Renovations, debt consolidation, tuition — lenders don't restrict how you use the funds.

Home Equity Loans in Pleasanton, CA