HOME EQUITY · SAN LUIS OBISPO COUNTY
Aven HELOC.
Your equity.
More possibility.
Fixed-rate cash draws. The convenience of a card. A local mortgage professional to help you see the whole picture.
Offered through Sean Mertens at Assist Home Loans.
Fixed rates apply to cash draws; card purchases have a variable rate.
Keep your first mortgage.
A second-lien HELOC can access equity while leaving an existing first mortgage in place.
Plan around a fixed draw.
Your selected cash draw has a fixed rate and repayment term. Later draws receive their own terms.
Reuse available credit.
As you repay, available credit can be used during the five-year draw period, subject to your account terms.
PUT YOUR EQUITY IN PERSPECTIVE
What could your
HELOC look like?
Start with your home, then adjust the amount, term, and draw fee. Compare a full draw with an 89% paydown and approved recast.
California illustration · Pricing sheet: September 23, 2026 · Not a live quote or approval
1. Tell Us About Your Home
2. Shape your line
30 years requires an amount above $25,000 in this calculator. Ask Sean about other available terms.
A lower upfront fee increases the interest rate. The initial fee is financed into your line of credit.
YOUR PAYMENT ESTIMATE
Full Initial Draw
—/mo
Estimated principal & interest, including the financed draw fee.
- Financed initial draw fee
- —
AFTER AN 89% PAYDOWN
Keep 11% of the draw.
—/mo after approved recast
- One-time principal paydown
- —
- Remaining balance, with original fee
- —
This is a conditional recast estimate, not an automatic minimum payment. You must first draw 100%. Aven must approve a recast before a lower required payment applies.
*From the dated rate sheet, with its rate floor and adjustments. This is not a lender-confirmed APR or a fee-inclusive APR calculation. Confirm current APR, fees, and terms with Aven.
How this estimate works
Line sizing: The model uses your occupancy, credit score, property value, and first-mortgage balance. It applies the matrix's tiered line and combined loan-to-value limits, retains at least $30,000 of equity, and limits a second-lien balance to 40% of home value. A $0 mortgage balance is modeled as a first lien. Other liens and lien payoffs require a separate review.
Fees and payments: The chosen amount is the cash draw before the fee. The full initial fee is added to the modeled loan balance and conservatively counted against equity and line limits. Aven's final treatment of fee capacity may differ. Payments use standard monthly amortization. Recording charges, which the matrix places on a separate 12-month interest-free plan, are excluded. Your first mortgage, taxes, and insurance are also excluded.
89% paydown: Based on Sean's program guidance, this comparison repays 89% of the cash draw, leaves 11% outstanding, and retains the full original financed fee. It assumes an immediate approved recast at the same rate over the selected term, with no accrued interest. Actual timing and payment can differ. Paying principal down alone does not automatically lower the required payment. The supplied matrix requires no Aven delinquencies and a recast that reduces aggregate payments by at least 10%, and describes availability within the first 30 days. Confirm eligibility and timing directly with Aven.
Pricing scope: Rates use the supplied September 23, 2026 sheet, with fee, term, and occupancy adjustments and a 6.24% floor. The calculator includes only the 10-, 15-, and 30-year terms supported and priced in both supplied documents. Exact CLTV endpoints use the lower rate band; the non-owner-occupied score of exactly 720 uses the more conservative overlapping tier. Ask Sean for a current quote and any other term options.
Qualification: This does not evaluate income, debt-to-income ratio, cash flow, actual credit reports, property type, ownership history, insurance, title, or other underwriting requirements. Limits are estimates, not an offer or approval. Primary residences generally require at least 90 days of ownership; second homes and investment properties require at least 12 months. Lines over $400,000 require a full appraisal and additional underwriting. Availability and terms can change.
A CLEARER WAY TO COMPARE
Cash when you need it.
Know what comes with it.
A fixed plan for your cash.
The initial cash draw has a fixed rate and scheduled principal-and-interest payments, with no interest-only period. The entire line is drawn initially. Any later cash-out or balance-transfer plan receives the rate offered at that time.
A card connected to your equity.
Use available credit through the Aven card under your account's rules. Card purchases carry a variable rate tied to the Wall Street Journal Prime index; they are separate from your fixed-rate cash plan.
A home-secured obligation.
Aven records a lien against your property. Using equity to consolidate debt converts those balances into debt secured by your home. Review total interest, fees, and repayment risk—not just the monthly payment.
Room for a different answer.
A conventional HELOC, fixed home equity loan, or cash-out refinance may fit better. Sean can compare the whole payment picture, including whether it makes sense to keep your existing first-mortgage rate.
LOCAL GUIDANCE. YOUR CHOICE.
Let's make sure
it fits your life.
Talk with Sean Mertens about your equity, your goals, and the alternatives—before you choose.
Aven HELOC guidance in San Luis Obispo County
Based in Morro Bay and serving homeowners throughout California, Sean brings a local perspective to your home-equity decision.
Explore options for renovations, planned expenses, or debt consolidation in San Luis Obispo, Morro Bay, Los Osos, Cayucos, Cambria, Paso Robles, Atascadero, Templeton, Arroyo Grande, Pismo Beach, Grover Beach, and Nipomo.
Bring your current mortgage balance and rate, your borrowing goal, and any competing offer. We'll compare costs and terms around your situation.
Meet Sean MertensGOOD QUESTIONS TO ASK
Before you borrow.
Is the Aven HELOC fixed rate?
The cash draw uses a fixed-rate repayment plan. Additional cash draws and balance transfers receive their own offered fixed rates. Card purchases use a variable rate, so the entire account is not permanently fixed.
Do I have to draw the whole line?
Yes. The supplied program matrix requires a 100% initial draw. Sean's program guidance allows an 89% principal paydown while retaining 11% of the draw. A lower required monthly payment depends on an approved recast; it is not automatic. The calculator preserves the full initial financed fee in the remaining balance.
Can I keep my current mortgage?
Aven can be a second lien behind your current first mortgage, subject to equity and underwriting requirements. If your property is mortgage-free, a first-lien option may be available. Existing additional liens need a separate payoff review.
How do the draw fee and term affect my payment?
In the supplied rate sheet, selecting a lower initial draw fee increases the rate. A shorter term may reduce the rate but typically increases the monthly payment. A longer term can lower the monthly payment while increasing total interest. The initial fee is financed, so it also affects the balance you repay.
Are second homes and investment properties eligible?
The supplied California program matrix includes non-owner-occupied properties, with different credit, equity, and line limits and at least 12 months of ownership. Final eligibility depends on the property, borrower, and current underwriting requirements.
Should I choose a HELOC or a cash-out refinance?
That depends on your existing rate, how much you need, your repayment plan, and total costs. A second-lien HELOC can preserve your first mortgage; a cash-out refinance replaces it. Schedule a local consultation to compare them, or read about refinance options.
See what your equity can do.
Explore Aven's offer, or start with a conversation.