Apply with our 100% online application in minutes
and funding in as few as 5 days.
While traditional HELOCs usually have variable interest rates that can change over time, our HELOC provides fixed rates. No need to wait for an in-person appraisal. Get the funds you need now, and move forward with life.
No in-person appraisal needed and pre-qualification won’t affect your credit score.
Borrow from $25,000 to $400,000. Easy online notary services for closing.
Competitive rates and choose from 5-30 year terms and no pre-payment penalty.
Minimum credit score of 640 and a maximum debt ratio (DTI) of 50%.
EXCELLENT Based on 13 reviews Jake WahlinTrustindex verifies that the original source of the review is Google. Victor Emmel has been amazing to work with. I will be recommending him to all of my friends and family. Thanks again Victor! Austin RobisonTrustindex verifies that the original source of the review is Google. Victor was great to work with answered all my questions and wad helpful every step of the way Lexi DTrustindex verifies that the original source of the review is Google. Victor is the best. Working with him was so easy! As a first-time homebuyer, there was a lot we didn't know coming into the process, but Victor always explained each option to us in an easy-to-understand way. I always felt as though he had our best interests in mind. He always responded to my communications in a timely manner, and was never frustrated or annoyed by my questions. He helped us close on our house in a little less than a month! I recommend him to anyone!! Makenzie PhippsTrustindex verifies that the original source of the review is Google. Victor is awesome, we have worked multiple transactions with him. He always is so helpful, answers any and all questions! He is wonderful and we would recommend him to anyone getting ready to buy a home. ☺️ Nusha NushaTrustindex verifies that the original source of the review is Google. We had very pleasant experience! Always quick responses, very clear explanations. Everything was done very fast and on time:) Joe MartinezTrustindex verifies that the original source of the review is Google. Victor was wonderful when it came to refinancing my home. He was very professional, kept me updated throughout the whole process and made it very easy during the whole refinance. I will recommend Victor to anyone looking to refinance their home in the future. 5 star service for sure. Dominique WareTrustindex verifies that the original source of the review is Google. Victor is one of the best loan officer's in the state of Utah! Laurie WardTrustindex verifies that the original source of the review is Google. I was trying to refinance my house through my own mortgage company for 4 months we tried to close twice but I would look at the disclosure and the numbers were wrong. They set up a third appointment and I saw they did not change anything on there but expected me to sign it anyway I told them no and I am not doing this again. I contacted Victor Emmel and let him know what happened and he said he could help me and we closed in 3 weeks! Amazing and the numbers were correct! I will continue to use him in the future and tell my family and friends. He is the best! Frank GomezTrustindex verifies that the original source of the review is Google. What an amazing and positive experience!!! It was so refreshing to work with a professional who knows what they are doing!! Going into this my wife and I had high anxiety of hoping we wouldn't get jerked around. Victor from the very beginning made us feel very comfortable and calm about the process. He explained everything to us in detail and not once got frustrated with us for asking the same questions over and over. In fact he said he understood and reassured us everything is moving forward as discussed. He was very knowledgeable and so personable!! When we finally signed the papers and closed, my wife cried in my arms and all I could think about was how awesome Victor was and the great job he did for us! He literally changed our lives for the better and I couldn't say enough good things about him. I highly recommend Victor for any mortgage needs you may have! 5 Stars all the way, thank you Victor!!!!!! Debbie AndrushkoTrustindex verifies that the original source of the review is Google. Victor was so helpful and knowledgeable and I had no worries during my lending process. I would highly recommend.
Goodway Mortgage | 10808 S River Front Pkwy #3137 South Jordan, UT 84095 | (801) 285-0222 | [email protected] | NMLS ID 2235920 | For licensing information go to www.nmlsconsumeraccess.org
Goodway Mortgage is licensed in Utah. Equal Housing Opportunity
The Home Equity Line is an open-ended product, and the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product includes an additional draw feature. As borrowers repay the balance on the line, additional draws may be made during the draw period. The interest rate for any additional draw will be based on the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. The fixed rate for additional draws may be higher than the fixed rate for the initial draw.
Loan approval may be granted in as little as five minutes; however, approval is subject to income, employment, and property condition verification through a property condition report. The five-business-day funding timeline assumes loan closing with a remote online notary. Funding timelines may be extended for loans in counties requiring in-person closings, disallowing e-signature recordings, or imposing waiting periods before closing.
Checking rates and terms involves a soft credit pull, which will not affect your credit score. Submitting a formal application will trigger a hard credit pull, which may impact your credit score, as we request a full credit report from one or more consumer reporting agencies.
Unlike personal loans or credit cards, HELOCs are secured by your home as collateral. Loan amounts range from $25,000 to $400,000. Maximum loan amounts depend on home value, lien position, credit profile, verified income, and equity. Independent data sources and automated valuation models determine home values and equity.
Available APRs range from 7.20% to 15.60%. Lower APRs are available to the most qualified applicants based on credit profile, property location, and selection of five-year loan terms. APRs will be higher for other applicants and longer loan terms. Your exact APR will depend on creditworthiness, combined loan-to-value ratio, loan term, occupancy status, and whether you choose to pay a higher origination fee for a lower rate. APRs for home equity lines of credit do not include costs beyond interest. Rates change frequently; your final APR will be based on the date of application.
Depending on your credit profile and property location, you will be responsible for an origination fee of up to 2.99% of your initial draw. Additional costs may include a property valuation fee ($180 if an AVM is unavailable), manual notarization fee ($380, if required by your county), recording fees ($0-$315), and recording taxes ($0-$1,400 per $100,000 borrowed). Property insurance is required, and flood insurance may be necessary if your property is in a flood zone.
This tool is for illustrative and educational purposes only and does not represent a commitment to lend. All loan calculations are estimates based on the inputs you provide. The final loan amount will depend on factors such as your credit history, verified property value, outstanding liens, debt-to-income ratio, and requested credit amount. If approved, your loan amount may differ from the estimated amount provided.
Note: Terms and conditions are subject to change. For specific details, please contact Goodway Mortgage directly at (801) 285-0222 or [email protected].