Do Quicken Loans offer home equity loans?

Quicken Loans, also known as Rocket Mortgage after its rebranding in 2021, does not traditionally offer home equity loans. Their product line mainly includes mortgage refinancing and cash-out refinance options. A cash-out refinance allows homeowners to refinance their mortgage for more than they owe and take the difference in cash, which can be used similarly to a home equity loan. Customers looking to tap into their home's equity might find this an attractive alternative. Those specifically seeking a traditional home equity loan would need to consider other financial institutions, as Quicken Loans focuses primarily on mortgage products.