Shawn WayHELOC specialist · NMLS #1007298HELOCs & fixed-rate home equity options
Use your home equity.
Keep your first mortgage.
Work with HELOC specialist Shawn Way to consolidate debt, renovate or build an ADU. Compare HELOCs and fixed-rate home equity options while keeping your first mortgage in place.
Second-lien financing adds a separate payment and uses your home as collateral. Subject to qualification.
4.91/5 · 112 reviewsExperience.com · November 1, 2026Start with what you want to do
What would your equity make possible?
Choose the goal. Then compare the borrowing structure, payment and cost.
Debt consolidation
Put the whole debt picture on one page.
Compare paying off higher-rate balances with a home equity option. Look at monthly breathing room, fees and the payoff timeline together.
Moving unsecured debt onto your home adds foreclosure risk. A lower payment can also mean paying for longer.
Bring to the conversation
- Balances and payments you want to compare
- Your first-mortgage rate and balance
- A plan to keep paid-off balances from rebuilding
Home renovation
Match the financing to the project.
A kitchen, roof or larger remodel can call for money at different stages. Compare a line of credit with a fixed-rate lump sum and the project’s payment schedule.
Leave room for overruns and the loan payment during construction. A project’s cost is not a guarantee of added home value.
Bring to the conversation
- A contractor estimate and payment schedule
- A timeline and a contingency budget
- Your current home value and mortgage balance
Accessory dwelling unit
Plan the ADU budget before the borrowing.
A backyard home, garage conversion or in-law unit needs a funding plan from design through completion. Start by comparing your existing equity with the full project budget.
Permits, costs and eligible rental income depend on the property, locality and lender. Future rent and future value are not guaranteed.
Bring to the conversation
- The property location and project stage
- Plans, estimates and permit status
- A payment plan before any potential rent begins
Your current mortgage + a separate equity loan
A low first-mortgage rate is worth comparing around.
A second-lien HELOC or home equity loan leaves the first loan’s contract in place. Shawn compares the added payment and costs with the alternatives, including a cash-out refinance when it belongs in the comparison.
Compare the combined monthly payment and total cost.
Want a fixed rate?
Make payment certainty part of the comparison.
Ask Shawn about fixed-rate HELOC options and fixed-rate home equity loans. Get clear on which balance is fixed, for how long, and what future draws would cost.
Three things to put in writing
- What rate is fixed, and on which balance?
- What is the payment and repayment term?
- Can later draws carry a different rate?
HELOC structures vary. A fixed rate does not mean every future payment or draw stays the same.
Why borrowers work with Shawn
More choices, explained by someone who still does the work.
Lender access
West Capital Lending is a mortgage brokerage. Shawn can consider programs from the brokerage’s lender network, then narrow the comparison to the options relevant to your file.
Personally funded since 2023
Shawn has originated loans since 2012: more than 1,700 across his career, and 740 at West Capital Lending alone since February 2023.
Team at West Capital Lending, 2025
He leads The Masters, more than 200 loan officers who funded 7,319 loans in 2025, and he still works with his own borrowers.
Personal production from Shawn’s West Capital Lending profile and the funding record published on HELOCHQ, through October 2026. Team figures are separate from his personal results.
Watch Shawn explain it
The question homeowners bring
“Can I get the cash without touching my first mortgage?”
Shawn describes a past borrower who wanted to pay off bills and preserve a 2.75% first mortgage. A HELOC worked for that file. The next step for yours is comparing the numbers.
Historical borrower example. The 2.75% was the existing first-mortgage rate, not an offered HELOC rate. Individual outcomes vary.
Borrower reviews
4.91 out of 5 from 112 reviews.
On Experience.com, as of November 1, 2026.
quick with responses, honest with their answers
Shawn was very helpful.
He made me a believer!
Excerpts displayed on Experience.com, quoted exactly. Individual experiences, not a promise of results.
What happens when you reach out
Three steps, and you decide at each one.
- 1
Tell Shawn the goal
Call, text or send a message with what you want the loan to do, the property’s state and your timing.
- 2
See the options side by side
He compares the structures that could fit, with the payment, the costs and what you’d give up with each.
- 3
Apply only if it makes sense
If you go ahead, you apply through West Capital Lending’s secure application. Approval depends on a full review.
Can I use my equity without refinancing my first mortgage?
A second-lien HELOC or home equity loan can leave your existing first-mortgage contract in place. You add a separate payment. Compare both loans together, including fees and repayment terms.
Can I get a fixed-rate HELOC?
Fixed-rate structures are available on some HELOC products. A rate can apply to an initial draw or a specific locked portion, while later draws may have different terms. Compare the written offer with a fixed-rate home equity loan.
Can I use home equity for debt consolidation, renovations or an ADU?
These are purposes to discuss with Shawn. The appropriate loan depends on your equity, budget, income, credit, property and lender rules. Borrowing against your home adds risk, so compare the payment and payoff plan as well as access to cash.
Is a HELOC the same as a home equity loan?
A HELOC is a line of credit with draw and repayment rules; it often has a variable rate, with fixed-rate options on some products. A home equity loan generally pays a lump sum and is commonly fixed-rate. Check the actual terms of either offer.
Who is Shawn Way?
Shawn Way is a HELOC specialist, mortgage loan originator (NMLS #1007298) and Senior Vice President at West Capital Lending, Inc. in Irvine, California. He has worked in mortgage lending since 2012, has personally funded more than 1,700 loans, and leads The Masters, a team of more than 200 loan officers that ranked #1 at West Capital Lending in 2025.
Is Shawn Way licensed in my state?
Shawn is licensed in 36 states and the District of Columbia: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Hawaii, Idaho, Iowa, Kansas, Kentucky, Maine, Maryland, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin and Wyoming. Every license number is on the licensing page, and you can confirm them on NMLS Consumer Access.
What kinds of loans does Shawn Way help with?
Home equity lines of credit (HELOCs), including fixed-rate and bank-statement HELOCs; home equity loans; purchase loans, including conventional, jumbo, FHA and VA; cash-out and rate-and-term refinances; alternative income documentation for self-employed borrowers; and rental-property financing, including DSCR loans.
How is working with Shawn different from going to my bank?
A bank offers its own loan programs. West Capital Lending is a mortgage brokerage, so Shawn can compare programs from more than 180 lenders and show you the trade-offs side by side before you choose one.
What should I have ready before I call Shawn?
What you want the loan to do, the property’s state, a rough home value and current loan balance, and how you earn your income. His first-conversation checklist covers the rest.
How do I contact Shawn Way?
Call or text (949) 569-7019, email [email protected], or send a message. His office is at 17911 Von Karman Ave, Suite 400, Irvine, CA 92614.
Where can I read reviews of Shawn Way?
On Experience.com, where borrowers rate Shawn 4.91 out of 5 across 112 reviews (as of November 1, 2026). Read every review, including the critical ones.
A broader mortgage practice
Buying, refinancing or investing? Shawn does that too.
Home equity starts the conversation here. These paths cover the rest.
Buy a home
Conventional, jumbo, FHA and VA options, with the payment and cash to close compared first.
Plan a purchaseRefinance
Compare the costs, term and payoff balance when changing your first mortgage may make sense.
Compare refinancingA different kind of file
Self-employed income, rental-property financing, or a file another lender declined.
See all mortgage optionsTalk to Shawn
Let’s compare what your equity could do.
Bring your goal, a rough home value and your current mortgage balance. Shawn will walk through the options and the added payment.