Question 1

How much can I borrow against my Burlingame home?

Accepted Answer

Most lenders allow 80-85% combined LTV. If your home is worth $2M with a $1M first mortgage, you could access $600-700K through a HELoan.

Question 2

What's the typical rate on a Burlingame HELoan?

Accepted Answer

Rates vary by borrower profile and market conditions. Expect 1-2 points above standard mortgage rates as of February 2026.

Question 3

Do HELoans require a new appraisal?

Accepted Answer

Yes. Lenders need current value to calculate available equity. Burlingame appraisals typically run $500-700 and take 7-10 days.

Question 4

Can I deduct HELoan interest on taxes?

Accepted Answer

Only if you use funds for home improvements. IRS rules changed in 2018. Talk to your CPA about your specific situation.

Question 5

How long does HELoan approval take?

Accepted Answer

Expect 3-4 weeks from application to funding. Local lenders who know Burlingame can sometimes close in two weeks.

Home Equity Loans in Burlingame: Fixed Rates on Peninsula Equity