Fixed-rate second mortgage · HELOC refinance
Refinance an adjustable-rate second mortgage or HELOC into a fixed-rate second — your low first-mortgage rate never moves. And if you need it, additional cash may be available.
What’s happening
A home equity line adjusts with the market, so the payment keeps moving. Worse, an interest-only HELOC never pays the balance down. Meanwhile your first mortgage is locked at a rate you’ll likely never see again — and a full cash-out refinance would throw that away. There’s a better move.
The move
We refinance only the second lien into a new fixed-rate second mortgage. Your first mortgage — its rate, term and balance — is left exactly as it is. You trade an adjustable, interest-only balance for a fixed payment that actually pays down.
What you get
We refinance only the second — the low first-mortgage rate you locked stays exactly where it is.
No more payment surprises when the index moves again. A fixed second means a payment you can plan around.
A fully-amortizing second actually retires the debt over time — not just the interest, month after month.
Consolidate higher-rate debt or pull cash out in the same fixed second — up to roughly 90% combined loan-to-value.
A fit when
If any of these sound like you, a fixed second is worth running the numbers on.
Your first mortgage is in the 2–4% range and you have no intention of giving it up.
The adjustable second has climbed as rates rose, and the interest-only payment never touches principal.
You’d like to roll in higher-rate debt or access equity — without repricing the whole mortgage.
How it works
Your first and second balances, your home’s value, and what you’re trying to do — lower the payment, lock the rate, or pull cash.
Rate, term and any cash-out, sized to your combined loan-to-value — with the first mortgage left exactly as it is.
The new fixed second funds and pays off the HELOC. Your low first-mortgage rate, term and balance are unchanged.
See your number
Send over your first and second balances and your goal. If a fixed second is the right move, we’ll show you the payment — and the cash, if there’s room for it.
