The mortgage your bank
probably doesn't even offer.

Why a first-lien HELOC?

A regular mortgage doesn't care that you have $40K sitting in your checking account. It charges you interest on the full balance anyway, every month. A first-lien HELOC charges daily on your actual outstanding balance. Your cash flow does the work your mortgage never gave it credit for.

The refinance that wasn't...

Business professional. $750K home. Great income, strong cash flow, standard 30-year conventional mortgage.When rates started moving he called about a refinance — made sense on paper.

We ran the numbers both ways. A conventional refinance would have saved him money. A first-lien HELOC would save him significantly more — because his cash flow was doing nothing sitting in a checking account every month.

He went with the HELOC. Estimated 10-year savings: $58,000 MORE than a conventional refinance.

FAQs

Why hasn't my bank offered me this?

Traditional banks make their money on the interest you pay over 30 years. A product that significantly reduces that interest isn't something they're motivated to sell. This program is only offered through a few, select lenders.

The rate is variable, should I be concerned?

It's a real consideration and worth discussing in your specific context. The rate is typically tied to prime. For clients with strong, stable income, the savings from daily accrual often significantly outweigh the variability risk — especially in the early years when your balance is highest. We help you model both scenarios so you can make an informed decision.Describe the item or answer the question so that site visitors who are interested get more information. You can emphasize this text with bullets, italics or bold, and add links.

Can I use this for a purchase or refinance?

Both. You can use this for a home purchase or to replace an existing mortgage through refinance. For a purchase, the mechanics are the same, your income starts working against your balance from day one.

What are the qualification requirements?

Generally 680+ credit score, documented income (W-2, self-employed, or other), and 20%+ equity or down payment. This is designed for financially sophisticated borrowers with consistent cash flow — the higher your income and the more disciplined your finances, the more you benefit.

Is this the same as a HELOC I get from my bank?

No a traditional HELOC from your bank is a second lien on top of your mortgage. The is a first-lien HELOC that completely replaces your mortgage. The mechanics of how interest accrues are also fundamentally different; it's a different product, not a different name for the same thing.