3%unlimited cash back on your largest spend category
10-yeardraw period with 30-year loan term
For unexpected events
For life milestones
For your dream vacation
For your home improvement
For caring for family
Why choose Trovy?
Turn home equity into instant cash
Access cash whenever you need it — withdraw from ATMs or transfer
funds directly to your bank account via ACH.4
Draw only what you need
No upfront draw requirement means you draw funds only when you need
them, and pay interest only on what you use. You can make monthly
payments just like a credit card - starting at 1% of the balance.
Lower rates for homeowners
APRs well below typical credit cards — because you're a homeowner.6 Ideal for consolidating high-interest debt.
Convert any balance into an installment loan
Trovy FixedPay allows you to convert any draw or balance (of at
least $100) into a fixed-rate installment loan over a 5–25 year
term.
As easy and rewarding as your favorite credit card
Just swipe your Trovy Card in store or use online. Plus, receive
1.5% unlimited cash back on all purchases, and 3% back on your
largest spend category.
The Trovy HELOC is the most flexible HELOC on the market. There is no
minimum upfront draw so you can draw on your HELOC when you need the
funds, and only pay interest on the amount you use. Your HELOC funds
are easy to access - you can transfer money to your bank account,
request a balance transfer, or use your Trovy Card wherever Mastercard
is accepted. If you pay your balance in full each month, you won't owe
any interest on your card purchases. You also pay no draw fees when
you access your HELOC funds through the Trovy Card. It's a flexible,
affordable, and modern borrowing solution for homeowners.
What is the Trovy HELOC Card?
With your Trovy HELOC, you will receive a Trovy Card that you can use
to access your line of credit. You can use it for purchases or cash
advances anywhere Mastercard is accepted, giving you flexible access
to your home equity funds when you need them.
How do I take cash out with the Trovy HELOC?
You can use your Trovy HELOC to request an ACH transfer to your bank
account, and you can use your Trovy Card to take cash out at an ATM.
This gives you quick access to your home equity when you need it most.
Each cash advance will be subject to a fee of up to 3% of the amount
drawn, up to a 5% life of loan cap.
Does Trovy require an upfront draw or charge fees to access my line?
Trovy does not require any upfront draw when you open your HELOC. You
can draw funds whenever you need them. While balance transfers and
cash advances are subject to a draw fee of up to 3%, there are no draw
fees on purchases made with your Trovy Card.
Are Trovy HELOC rates fixed or variable?
The Trovy HELOC starts with a variable rate, but offers you the best
of both worlds. You can convert all or part of your balance to a fixed
rate, locking in predictable monthly payments for that portion while
keeping the flexibility of variable-rate borrowing on your remaining
balance. This gives you control over your payment structure as your
needs change. You can convert all or a portion of your outstanding
HELOC balance at the end of any calendar month, or the full amount of
specific purchases, cash advances, or balance transfers.
