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What is Home Equity?The time frame to get a HELOC is similar to a home equity loan. Based on the lender, the process may take two weeks to two months. It generally takes 2 to 6 weeks to get a HELOC, but the timeframe can be longer. Here's how you may be able to speed up the process. Better Mortgage has a One Day HELOC� program allows you to apply online and get approved within 24 hours. You'll then get your cash within seven days. To get a.