# Is a Home Equity Agreement (HEA) the Right Option? 

Figuring out the best way to access your home equity can be a challenge. If you want to pull cash out of your home without selling your property or taking on additional debt, [a home equity agreement (HEA)](/blog/home-equity/understanding-a-home-equity-agreement/) could be a great fit. Here's a look at the benefits of an HEA:

- No need to refinance
- No monthly payments
- No interest charges
- No restrictions on net proceeds
- Flexible, 10-year term
- No penalty for buying back equity before term ends
- Retain ownership of your home
- Funding in roughly 30 days

### Traditional Financing vs. HEA 

Most of the traditional options for unlocking your home equity involve a long approval process and leave you with more debt.  ### Unlock offers: 

- Flexible income and credit requirements
- Funding in 30 days
- No monthly payments or interest charges.
- Sell your home or buy back your equity any time during those 10 years without penalty.

**Want to learn more?** See how we compare with [conventional options.](/blog/home-equity/best-way-to-unlock-home-equity/) **Have questions?** Call **844-314-1435** (Monday – Friday, 9 AM to 11 PM ET).