Variable-Rate HELOC: Access Cash Quickly, Repay on Your Terms
/ Variable-Rate HELOC
See What a Variable-Rate HELOC Can Do for You
When you need a flexible way to borrow against your home’s equity, a variable-rate HELOC from Spring EQ could be the answer. Unlike fixed-rate options, your interest rate may change over time, which can work in your favor if you’re using it for smaller, short-term needs.
- Flexible borrowing for unexpected or occasional expenses
- Rates may adjust with the market
- Use funds as needed during your draw period
Variable-Rate HELOC Benefits
Short-Term Savings
Ideal for homeowners who can pay down their balance quickly and want flexibility in repayment.
Ongoing Access to Cash
Tap into your equity multiple times during the draw period without reapplying for a new loan.
Lower Initial Rates
Variable-rate HELOCs often start with lower interest rates than fixed-rate options, helping you save upfront.
Flexible Uses
Cover home improvements, debt consolidation, tuition or other short-term expenses with ease.
Borrow Up to $500,000
Access the funds you need from your home’s equity.
Interest-Only Payment Option
Manage cash flow effectively by making interest-only payments during the draw period.
Fast Funding
Receive funds in as few as 11 days.*
Qualify With As Low As a 640 FICO
You don’t need perfect credit to take advantage of a variable-rate HELOC.
Variable-Rate HELOC: Built for Flexible, Short-Term Borrowing
When you get a variable-rate HELOC from Spring EQ, you get access to the cash you need, along with plenty more. You also get a well-established lender with extensive equity experience, a dedicated team of experts who will support you step by step, and a seamless approval process.
Adaptable Financing
Your rate adjusts with the market, giving you room to borrow when you need it most.
Quick Access to Funds
Get access to cash as you need it along the way.
Smart for Short-Term Needs
Perfect for projects or expenses you can pay down quickly, making the most of a lower starting rate.
Frequently Asked Questions
With a variable-rate HELOC, your interest rate changes as market rates shift. A fixed-rate HELOC locks your rate in for the life of your loan.
Borrow up to 90% of your home’s value, with loan amounts ranging from $50,000 to $500,000.
No application fee. Variable-rate HELOCs come with a lender and an annual fee. Additional third party fees may apply.
Yes, there are no prepayment penalties.
It may be tax deductible if funds are used for home improvements, but we recommend you consult with your tax advisor.**
/ Testimonials
Why Do Homeowners Choose Spring EQ?
See for Yourself.
Don’t just take our word for it. Hear from customers who used a Spring EQ HELOC to unlock opportunities and achieve their goals.
Mark C.
Convenient loan, no hassle. Needed money for tuition, bills, etc. and in 5 days I got the money. Thank you so much. You are a big help financially to my problem.
Jarred L.
Experience has been great everyone has been super patient with me and super quick on getting everything that I needed from them. Been a wonderful experience!!!! Thank you so much!!
Thomas C.
[S]o far my experience getting this home equity loan has been outstanding. Professional communication and quality service. I would recommend Spring EQ for anyone's home equity needs. They are as professional as you can get and more.
Christina D.
It was a fast, smooth process from the beginning. Everyone involved during this process was very helpful and did a great job with the timing of everything. I am pleased.
Tina T.
I must tell you that Pat and his team have been absolutely wonderful. Friendly, knowledgeable, efficient. I am impressed. I will definitely recommend Spring EQ.
Robert J.
Great experience, friendly customer service. Extremely fast results.
/ Other Products
Explore More Home Equity Solutions
Fixed-Rate Home Equity Line of Credit (HELOC)
Combine the flexibility of a line of credit with the security of a rate that won’t change.
Home Refinance
Refinance your current mortgage to take cash out or find new terms that fit your needs.
/ Awards
Don’t Just Take Our Word for It: Industry Leaders Trust Us Too.
We’re proud of the recognition we’ve earned across the industry. Check out some of the awards we’ve received.
