Home equity line of credit

Your home equity as a line of credit.

Emberline Capital places home equity lines with a lender that reviews them online. The application asks for what sizes the line: the property, what is owed on it and the income behind it. Your rate is checked with a soft credit pull.

  • A revolving line you can draw again as you pay it down
  • Your line amount and rate on a soft credit pull
  • Primary homes, second homes and investment property, including homes held in a trust or an LLC
Step 1 of 5 · about 3 minutes

Start with the line

Enter 0 if the home is paid off. Most home equity lines are sized to 80% of the value of the home, less what is still owed on it.

Where we reach you
  1. The line
  2. The home
  3. You
  4. Documents
  5. Review

The home the line is secured by

A home equity line is sized against the property and what is already owed on it. These are the answers that set the limit.

How do you use the property?

A primary residence carries the largest line and the longest terms.

A home held in your name, jointly, in a revocable trust or by an LLC all qualify.

A second mortgage or an existing home equity line counts against the same 80%. Enter 0 if the first mortgage is the only loan on the home.

The line you want

You can take up to the full line at closing and draw again as you repay.

Available at 80% of value Home value at 80%, less the loans already on it —

About you

This is what the soft credit pull runs on. It does not affect your credit score, and we already have your name and how to reach you.

Used for the soft pull only. Nothing here is a hard inquiry.

Residency
Do you live at the property?
Income

Rent, distributions, a pension or anything else you want counted. Alimony and child support only if you want them considered.

Home equity programs usually start around a 640 score. An estimate is enough here.

Anyone else on the line
Will a co-applicant be on the account?

Everyone on the title signs. A co-applicant who is not on the title can still be added for income.

What the lender needs on the home

The mortgage statement and the insurance page are what confirm the loans already on the property. Income is what sizes the line against them.

Attach what you have. Nothing here holds up your rate. The rest can go up later in your secure application.

Supporting documents

A property tax bill, an HOA statement, a recent appraisal, a payoff letter on the loan being consolidated, and anything else already in hand. No limit on how many.

    PDF, JPG, PNG, Excel or Word, up to 100 MB per file. Identity verification and the online signing happen later, in the secure application.

    Review and submit

    Check the numbers on the home. You can go back and change anything.

    Your application is in.

    Your home equity application is with Emberline Capital's lending partners. Your secure portal is next: the rest of the application continues there, and lender responses arrive there as they come in.

    A line of credit you can come back to.

    A home equity line reopens as you pay it down, so the same equity covers the next need as well as this one.

    Draw, repay, draw again

    Take what you need at closing and draw again as the balance comes down, with no new application.

    A soft pull first

    The application uses a soft credit pull, so you see the line and the rate before any hard inquiry.

    Put it to work in the business

    Owners use a home equity line to buy a business, add equipment or pay off higher-rate debt.

    From application to the first draw.

    The portal shows where the file stands through closing.

    1. 1

      Apply

      The home, what is owed on it and your income, in one application with no fee.

    2. 2

      See your line

      A soft credit pull returns the line amount, the rate and the term options.

    3. 3

      Documents

      The mortgage statement, the insurance declaration and proof of income are uploaded once.

    4. 4

      Sign

      The lender prepares the closing documents and explains how signing works in your state.

    5. 5

      Draw the funds

      Funds are available after closing, and the rest of the line stays open.

    An Emberline Capital home equity application and the line it returns

    Home equity in numbers.

    How these lines are usually sized and what they allow.

    Up to 80% of value

    The line is usually 80% of the home’s value, minus the mortgage and any other loan against it.

    Terms of 10 to 30 years

    A longer term lowers the payment on the same draw. You choose the term at closing.

    Four ways to hold title

    In your name, jointly, through a revocable trust or an LLC, on a primary residence, a second home or an investment property.

    See what your equity can support.

    Answer the questions about your home, and the line, the rate and the term options come back to your portal. Checking does not affect your credit score.

    Apply now Back to home
    • 80% of valueLess what is owed on the home
    • 10 to 30 yearsRepayment term
    • Soft pullTo check your rate