HELOC & Home Equity Loans in Texas

How a Texas HELOC or home equity loan can help eligible homeowners use equity without replacing a first mortgage. Central Texas and statewide. NMLS #2252174.

Krissi Ebbens, Senior Mortgage Broker

Ebbens & Co Mortgage Group/Powered by Xpert Home Lending

Phone: (254) 479-2434

Email: [email protected]

NMLS# 2252174

Company NMLS# 2179191

Licensed in: TX

Equal Housing Lender. All loans subject to credit approval, underwriting guidelines, and program availability. Rates and terms may change without notice. Not all applicants qualify. This is not a commitment to lend.

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How a Texas HELOC or home equity loan can help eligible homeowners use equity without replacing a first mortgage. Central Texas and statewide. NMLS #2252174.

HELOC & Home Equity Loans in Texas

What is a HELOC?

HELOC

Home equity loan

How does a HELOC work?

HELOC vs. cash-out refinance

Why homeowners with a low first-mortgage rate may consider a HELOC

Common uses

Basic qualification factors

Central Texas first. Homeowners throughout Texas, too.

Frequently asked HELOC questions

Talk with Krissi

Ask about a Texas HELOC

Programs

Texas homeowners · Central Texas & statewide

A HELOC can let eligible Texas homeowners access available home equity without refinancing or replacing the first mortgage they already have. If you like the rate on that loan, this is the conversation worth having — especially around Whitney, Hill County, Waco, Hillsboro, Cleburne, and Granbury. I help homeowners throughout Texas.

Krissi Ebbens, Mortgage Broker

Ebbens & Co Mortgage Group powered by Xpert Home Lending

Krissi NMLS 2252174 | Xpert Home Lending NMLS 2179191

Tell me about the house, the first mortgage, and what you would use the equity for. I will tell you whether a HELOC, a home equity loan, or leaving things alone is the cleaner path.

A HELOC — a home equity line of credit — is a credit line secured by your home. You are considered for a limit. During the draw period you can take advances up to what is available, pay the balance down, and on many lines draw again if the terms still allow it.

People say “HELOC” when they really want one of two things: a flexible line, or a one-time home equity loan. Both are ways eligible homeowners can access home equity. When a first mortgage is already on the house, either one is usually recorded behind it. The first mortgage does not have to be refinanced for the equity loan to exist.

Line of credit

You draw what you need, when the expense shows up.

Interest is generally charged on the amount drawn, not on the unused part of the limit.

The rate is often variable, so the payment can change.

A fit when the project or the bills arrive in stages.

Lump sum

You receive the amount at closing and start a set repayment.

The rate is often fixed, which makes the payment easier to plan.

Paying it down does not refill the loan. A new advance means a new loan.

A fit when you already know the amount.

Neither product is automatically the better deal. The useful one is the one that matches how you will spend the money and how you will pay it back. Any rate or payment has to be quoted from your loan, your home, and the guidelines in effect that day.

Here is the shape of it for a Texas homeowner who wants to keep the first mortgage. Your file still has to pass review.

A cash-out refinance replaces your first mortgage. A HELOC or home equity loan is built so the first mortgage can stay. Same goal — use equity — and two very different loans.

HELOC or home equity loan

Cash-out refinance

If you want a sketch of a brand-new first-mortgage payment, the refinance calculator is a starting point. Bring the real mortgage statement before you decide. A calculator cannot approve a loan or promise a lower payment.

A low rate on the loan you already have is worth protecting. Cash-out refinancing asks you to give that rate up. Today’s rate would land on everything — the balance you already owe and the cash you take out. With a HELOC, your existing first mortgage can stay in place, and the new financing applies only to the equity you access. The new rate, whatever it is when we lock or draw, applies to the equity portion.

This is why the call exists. It is not a promise that a HELOC will cost less, save money, or fit the house. Some files are better as a cash-out refinance. Some are better untouched.

Home improvements, debt consolidation, and major expenses are the three reasons I hear most from Texas homeowners. The loan still has to make sense after the money is spent.

Equity, credit, income, and the property. Those four decide whether a Texas HELOC or home equity loan is even a candidate. Approval is a later step, after the full file is reviewed.

Texas generally allows only one home equity loan on the homestead at a time, and the rules live in the state constitution — which is why this feels stricter than a second mortgage you may have seen in another state. I will walk through what applies to your property. Approval comes only after the full file is reviewed.

I focus on Texas homeowners, especially in Central Texas. If your house is in Whitney, Hill County, Waco, Hillsboro, Cleburne, or Granbury, you are in the middle of the map I work every week. If it is anywhere else in Texas, I can still help. The homestead rules follow the property, and the licensing covers the state.

The questions Texas homeowners ask before they touch a first mortgage they like. Straight answers, including the parts that slow the process down.

Mortgage Broker

Call, apply online, or send a note about the home and the first mortgage. A conversation is a look at the file. It is not an approval, a rate quote, or a figure for how much equity you can access.

Share the city, what you would use the equity for, and whether you want to keep your first mortgage. Starred fields are required.

Got it — thank you.

I will follow up about your home equity question. Sending this note does not apply for a loan or approve one.

That note did not send.

Try once more, or call . Reset the form

Submitting this form does not trigger a credit pull, lock a rate, or promise an equity amount.

Krissi Ebbens, Mortgage Broker. Ebbens & Co Mortgage Group powered by Xpert Home Lending. Texas home equity, purchase, and refinance conversations — without the runaround.

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· NMLS #2252174 · Ebbens & Co Mortgage Group powered by Xpert Home Lending · Xpert Home Lending NMLS #2179191 · NMLS Consumer Access

This is not a commitment to lend. Any rates, payment figures, or examples shown on this site are illustrative only and may not include Annual Percentage Rate (APR). Actual rates and APR vary based on credit, loan program, property, and other factors, and may change without notice. Contact us for a personalized quote.

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