Jib vs HELOC

Need funds for your next home purchase? See how our innovative Short Home Loans compare to traditional Home Equity Lines of Credit, and why we're the smarter choice for homeowners.

Feature

Jib

HELOC

Financing Amount

Up to 100% of new home

Limited to available home equity (typically 80-85% CLTV)

Monthly Payments

None until you sell

Required monthly interest payments

Interest Rates

Fixed rate

Variable rate (tied to prime rate)

Loan Term

3-12 months

5-30 years

Approval Time

Instant

2-6 weeks

Credit Score Required

600+

680+

Income Verification

Simplified process

Extensive documentation

Property Appraisal

Closing Costs

Minimal

2-5% of credit line

Draw Period Restrictions

Online Application

Compare Jib with Other Solutions

Jib vs Bridge Loans

Compare with traditional bridge loan options

Jib vs Homelight

See how we compare to Homelight's Trade-In program

Jib vs Knock

Compare our solution with Knock's Home Swap

Why Choose Jib Over a HELOC?

No Monthly Payments

Unlike HELOCs, Jib requires no monthly payments until you sell your home, preserving your cash flow.

Fixed Rate Protection

Enjoy peace of mind with our fixed rates, unlike HELOCs' variable rates that can increase with market changes.

Quick & Simple

Get approved instantly with minimal paperwork, compared to weeks of processing and extensive documentation for HELOCs.

Ready to make your next move?

Get started with Jib today and experience a better way to finance your next home purchase.