Question 1

How much can I borrow with a HELoan in Sunnyvale?

Accepted Answer

Most lenders cap combined balances at 80% of your home's appraised value. Subtract your current mortgage balance to find your available equity.

Question 2

Does a HELoan affect my existing mortgage?

Accepted Answer

No. A HELoan is a second mortgage. Your first mortgage rate and terms stay exactly as they are.

Question 3

How long does a HELoan take to close?

Accepted Answer

Typically 3–6 weeks. An appraisal is required, and that scheduling can affect the timeline in a busy market like Sunnyvale.

Question 4

Can I use RSU income to qualify in Sunnyvale?

Accepted Answer

Some lenders accept it with a two-year history and proof of continued vesting. Not every lender counts it the same way — shopping lenders matters here.

Question 5

Is HELoan interest tax deductible?

Accepted Answer

It can be, if the funds are used to buy, build, or substantially improve the home. Consult a tax advisor for your specific situation.

Question 6

What's the difference between a HELoan and a HELOC?

Accepted Answer

A HELoan gives you a fixed lump sum at a fixed rate. A HELOC is a revolving credit line with a variable rate you draw from over time.

Home Equity Loans in Sunnyvale, CA