What is a First Lien HELOC ?

You may be familiar with a home equity line of credit, or HELOC, as a way to use the equity in your house as cash. People use HELOC’s for all kinds of things, such as home improvements, consolidating debt, or paying for education expenses.

​

Traditionally, people think of a HELOC as a second loan or lien on their homes, which sits “behind” their first mortgage. A First Lien HELOC is an option to replace your mortgage and also have access to all your equity, not just the amount of a smaller 2nd mortgage HELOC.

​

Additionally, using the Velocity Banking strategy we can teach you with a First Lien HELOC, people can pay off their home in as little as 5-7 years without changing their lifestyle or need for more income.