Main Content
Hero
Use Your Home’s Equity to
Fund What Matters Most.
Whether you want a lump sum or flexible access to cash, Cohen Financial Group offers the best home equity line of credit (HELOC) and home equity loan options tailored to Los Angeles homeowners. Renovate, consolidate debt, or invest in your future — your equity, your way.
Talk To A Loan Expert
Home
Improvement
Debt
Investment
Other
Heloc
Home Equity Loan
Not Sure
Needs Work
< 620
FAIR
620 - 679
GOOD
680 - 719
EXCELLENT
720 +A loan representative will contact
you shortly to help you with all your
mortgage needs.
- Feature
- Funds Disbursed
- Interest Type
- Payment
Structure - Best For
- Home Equity Loan
- Lump sum
- Fixed
- Fixed monthly
payment - One-time large
expenses
- Heloc
- As needed Flexible credit line
- Variable usually
- Interest-only during
draw period - Ongoing or flexible
expenses
Why Refinancing
- Fund home improvement loans from equity
- Cover College Tuition
- Pay Off High-Interest Debt
- Build an Emergency Fund
- Make a Major Purchase
- Increase Property Value
FAQs
Common Questions About Home
Equity Loans & HELOCs
A home equity loan gives you a one-time lump sum with a fixed rate and fixed repayment term. A HELOC is a revolving credit line that allows you to borrow as needed, typically with a variable interest rate.
Most lenders allow you to borrow up to 80%-85% of your home's value, minus what you owe on your current mortgage.
Both HELOC (Home Equity Line of Credit) and a Cash-Out Refinance let you tap into your home's equity, but they work differently:
- HELOC: Works like a credit card secured by your home. You borrow only what you need, when you need it—often with a variable interest rate. It's ideal for flexible or ongoing expenses like home improvements.
- Cash-Out Refinance: Replaces your current mortgage with a new, larger one—allowing you to pocket the difference in cash. It typically offers a fixed rate and is best who want a lump sum and possibly a better interest rate on their overall mortgage.
Generally, a credit score of 620 or higher is needed. Better scores may qualify for lower rates and more favorable terms.
Yes. Both HELOCs and home equity loans are designed to work as a second mortgage alongside your existing home loan.
Approval and funding can take between 5 to 15 business days, depending on your application,
documentation, and whether an appraisal is needed.
Yes, usually 2-5% of the loan amount. Some options may include no-closing-cost loans or lender credits.
Refinance Form
Your Home.
Your Equity.
Your Move.
Don't Miss the Next
Rate Drop
Let Cohen Financial Group help you save money and build wealth — all from the comfort of your home.