Use your equity without giving up your rate.
If you locked in a low mortgage rate, a cash-out refinance means giving that rate up on your entire balance. A home equity loan or a HELOC doesn't touch your first mortgage. It sits behind it, so your rate, term, and payment stay where they are. I'll help you compare home equity options available through NOVA Home Loans and find the one that fits what you're doing.
Get access to your equity
- Keep your first mortgage rate and payment
- Loan vs. line of credit, compared side by side
- Cash-out refinance comparison when it fits better
Secure application through NOVA Home Loans
Two ways to tap your equity, and they're not the same.
A home equity loan gives you one lump sum, usually with a fixed rate and a fixed payment, which works well when you already know the number. A HELOC is a line of credit you draw from as you go, usually with a variable rate, paying interest only on what you've used, which works well when the total isn't set yet.
Same home, very different tools. If you're not sure which one fits, I'll compare both and show you the difference before you decide.
What you get with Mark.
Keep Your First Mortgage
A home equity loan or HELOC sits behind your first mortgage, so your current rate and payment stay the same.
Loan vs. Line, Compared
I'll compare a home equity loan and a HELOC side by side so you can see which fits your plans.
Cash-Out Comparison
Sometimes a cash-out refinance is the better fit. If that's your situation, I'll tell you.
Honest Guidance
Straight answers and no pressure, from the first question through closing.
A simple, straightforward way to use your equity.
What you're funding helps decide which option fits.
Tell Me the Goal
Remodel, debt consolidation, tuition, or a cushion you want available. What you're funding helps decide which option fits.
Find Your Number
I look at your home's value, what you still owe, and your credit to estimate what you may be able to borrow.
Compare Your Options
Home equity loan, HELOC, and cash-out refinance, side by side so you can choose with real numbers.
Close & Put It to Work
I keep the paperwork moving and you updated until your funds are ready.
Where I help homeowners use their equity.
I help homeowners across the Las Vegas valley, including Summerlin, Henderson, North Las Vegas, Enterprise, Spring Valley, and Pahrump, use their equity the right way. I'm also licensed in other states.
Wherever your home is, I'll help you figure out whether a home equity loan, a HELOC, or a cash-out refinance fits what you're doing.
Licensed in nine states
Mark works out of NOVA Home Loans' southwest Las Vegas office and is licensed to originate loans in Nevada, Arizona, California, Colorado, North Carolina, Oregon, Pennsylvania, Texas, and Washington. Program availability varies by state. Verify licensing at NMLS Consumer Access (NMLS #351484).
Frequently asked questions.
Straight answers to what borrowers ask most. Don't see yours? Just ask.
How is a home equity loan different from a HELOC?
Will this change my current mortgage?
How much can I borrow?
Mark Sangster, Senior Loan Officer, NMLS #351484. NOVA Financial & Investment Corporation, DBA NOVA Home Loans, NMLS #3087. 5516 S. Fort Apache Rd., Suite 120, Las Vegas, NV 89148. Office (702) 463-6682. Verify licensing at www.nmlsconsumeraccess.org. This is not a commitment to lend. All loans are subject to credit approval, income and asset verification, property appraisal, and program guidelines. Programs, rates, terms, and availability are subject to change without notice. Equal Housing Opportunity.
Ready to make your move? Let's talk.
Whether you're buying, refinancing, or investing, let's talk through your options. No pressure, just straight answers.