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) 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.
- 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.
Have questions? Call 844-314-1435 (Monday – Friday, 9 AM to 8 PM ET).
The blog articles published by Unlock Technologies are available for informational purposes only and not considered legal or financial advice on any subject matter. The blogs should not be used as a substitute for legal or financial advice from a licensed attorney or financial professional. Links in our blog posts to third-party websites are provided as a convenience and are for informational purposes only; they do not constitute an endorsement of any products, services or opinions of the corporation, organization or individual. Unlock Technologies bears no responsibility for the accuracy, legality, or content of external sites or that of subsequent links.