Tap your equity without touching your low first-mortgage rate
Home equity lines of credit and second mortgages for homeowners in California, Texas, Georgia, Tennessee, Oklahoma, and Idaho. Access your home’s equity for renovations, debt consolidation, or major expenses. CDL Mortgage helps you tap equity the smart way.
Why CDL
CDL Mortgage Services Inc. is a full-service mortgage company focused on securing the best loans at the best rates. As an independent broker, we aren’t tied to one bank’s products — we shop multiple wholesale lenders for every HELOC to find the strongest pricing for your scenario.
Every file is handled start-to-finish by a licensed loan officer, not a call center. From fast pre-approval through underwriting and closing, you’ll always know exactly where your loan stands.
Requirements
General guidelines — final qualification depends on the lender, property, and your full financial profile.
Calculator
Estimates only. Mortgage insurance and HOA dues are not included. Your actual payment depends on your final rate, program, taxes, and insurance premiums.
How It Works
A home equity line of credit sits behind your first mortgage and lets you draw against your equity like a credit card secured by your home. A fixed second mortgage gives you the same equity access as a one-time lump sum.
Your line is based on the home value minus your first mortgage balance, up to the combined loan-to-value the lender allows.
Many HELOCs use an automated valuation instead of a full appraisal, which keeps costs low and timelines short.
Typically ten years of drawing what you need, with interest-only payments on the balance you actually use.
After the draw period ends the balance amortizes with principal and interest over the remaining term.
Most HELOCs adjust with the prime rate. We show you the payment at today’s rate and at a stressed rate.
Nothing about your existing first mortgage changes — that is the entire point when your current rate is low.
Your Options
There are three ways to reach your equity, and they behave very differently over time.
Honest Advice
Equity is real money with real risk attached. Here is how we frame the decision.
If your first mortgage is in the 2s or 3s, a second lets you access cash without losing it.
Renovations and tuition happen over time. You only pay interest on what you have drawn.
An unused line costs little and gives you options in a downturn.
If a rate increase would break your budget, a fixed second is the safer structure.
Financing vacations or vehicles against your home converts short-term wants into long-term risk.
A second payment on top of a tight budget raises real foreclosure risk. We will recommend against it.
Questions
A HELOC is a second loan that leaves your first mortgage untouched and gives you a revolving line of credit you can draw from as needed. A cash-out refinance replaces your entire mortgage. If you have a low first-mortgage rate you want to keep, a HELOC is often the better choice.
Most lenders let you borrow up to 80–85% of your home’s value minus what you still owe on your first mortgage. We’ll estimate your available credit line based on your current balance and home value.
A HELOC typically has a draw period (often 10 years) when you can borrow and make interest-only payments, followed by a repayment period when you pay back principal and interest. We’ll walk you through the full payment schedule before you commit.
Common uses include home renovations, consolidating higher-interest debt, funding education, or covering large one-time expenses. Because the credit line is secured by your home, rates are usually far lower than credit cards or personal loans.
Interest may be tax deductible when the funds are used to buy, build, or substantially improve the home securing the loan. Tax rules change, so confirm your specific situation with a tax professional — we’ll provide the documentation you need.
About Us
CDL Mortgage Services Inc. is an independent, full-service mortgage company. Instead of pushing one bank’s products, we shop multiple wholesale lenders to secure the best loan at the best rate for every borrower.
Purchase, refinance, and home equity — all under one roof, focused on the best loans at the best rates.
Based at 6524 Lonetree Blvd, Rocklin, CA 95765 and licensed in California, Texas, Georgia, Tennessee, Oklahoma & Idaho.
Every file is handled start-to-finish by a licensed loan officer who knows your name and your goals.
Fully licensed and regulated, with award-winning lender partnerships and 35+ years serving borrowers.
Find HELOC & home equity details for your city or county below.
Ready when you are
Same-day pre-approvals, dozens of wholesale lenders shopped for you, and one licensed loan officer from application to keys in hand.