01
Your goal
Tell us what the money is for: a project, consolidating debt, tuition or something else.
LOAN OPTIONS / HOME EQUITY
Keep your mortgage. Use your equity.
A home equity loan or line of credit lets you borrow against the home you already own without replacing your current mortgage. ShayMak offers both. Tell us what you’re planning and we’ll walk through the options.
Decide how to borrow against your home
02
Your equity
We’ll look at what you owe today against what the home is worth now.
03
Comparison
Review a second mortgage against a cash-out refinance so you keep the loan that costs less overall.
Home equity loans and second mortgages
01 · Keep your current mortgage
A second mortgage sits behind your existing loan, so you keep its rate and term. You take on a second monthly payment for the amount you borrow.
02 · Fixed amount or a line of credit
ShayMak offers both. A home equity loan pays out a lump sum with a set payment. A home equity line of credit lets you draw as you need it. There is no maximum amount; what you can borrow depends on your equity, credit and income.
03 · Compare it with a cash-out refinance
If your current rate is higher than today’s, replacing the whole mortgage may cost less. If it’s lower, a second mortgage usually makes more sense. We’ll run both with your numbers.
See it with your numbers
Enter the amount you want to borrow as the price with nothing down. Add the rate from your quote to see principal and interest.
- Down payment
- 0.0%
- Loan amount
- $50,000
- Principal and interest, 30 years
- Add your rate
Before taxes, insurance and mortgage insurance. Not a quote or a commitment to lend.
Open the full calculator
Before you call
Tick off what you have. You can start without all of it.
“He went above and beyond to provide a loan product which met our specific needs.”
Kevin Mehigh
Common questions
Still wondering about something? Call (517) 580‑5050 and we’ll walk through it with you.
What would you use it for?
Call us with your current mortgage balance and a rough idea of your home’s value. We’ll talk through whether a home equity loan or second mortgage could fit.
Talk to us
What to expect when you call
Your questions answered by a local loan officer
Options compared using your own numbers
A clear next step, with no obligation to apply
(517) 580-5050
114 W Main St, DeWitt
Loan approval is subject to credit, property and underwriting requirements. Some loan products may not be available in all states. Terms, rates and fees are subject to change. This website is not a commitment to lend.
Important mortgage disclosures
Payment estimates
Calculators are educational tools. Results use your inputs and assumptions and are not a rate quote, Loan Estimate, preapproval or guarantee. Actual payments and costs may differ. Include taxes, insurance, mortgage insurance and association dues where applicable.
Refinancing and home equity
Refinancing can involve closing costs and may increase total interest or extend repayment. A lower monthly payment does not necessarily mean a lower total cost. Compare the proposed terms with your existing loan. Borrowing against your home puts your home at risk if you cannot repay.
Application and account access
Apply now and Sign in lead to ShayMak’s existing external application portal. Review that portal’s privacy policy and terms before submitting personal or financial information. An application does not guarantee approval or a specific rate.
Company and licensing
ShayMak Mortgage, LLC. NMLS #1989312. Equal Housing Opportunity. Review current company and individual licensing information through NMLS Consumer Access. Program eligibility and availability depend on your situation and location.