What it Costs

Access cash, fast.

A home equity agreement (HEA) was designed with you in mind. Access your equity easily without monthly payments.

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Name
Home Value:
$200,000 $2.5 million
How much do you owe on your home?
$0 $850,000
You may qualify for up to $.
How much do you want to unlock?
$52,000
$30,000 $52,000
Get Started

Unlock typically uses independent third-party appraisers to fairly determine the value of your home. Appraisal, title, and escrow costs are paid to third parties and may vary depending on property specific factors.

But what will you owe in the future?

Average Appreciation:
3
Years of Ownership:
5
This calculator is for informational purposes only.
Terms and conditions apply.

  

Future home value: $987,374
$221,510
$765,864
Unlock’s share – 22%
Your share – 78%

How Unlock Stacks Up

Credit Card
Personal Loan
Reverse Mortgage
Home Equity Loan
HELOC
Cash-Out Refinance
Amount
$50k
$50k
$50k
$50k
$50k
$50k
$50k
Term or Period
10 years
N/A
3-7 years
Event Based
10 years
15 years
30 years
Interest Rate i
0%
22.21%
10.73 – 35.9%
5.61%
7.74%
7.30%
6.70%
Interest Rate Type
N/A
Variable
Fixed
Variable or Fixed
Fixed
Variable or Fixed
Variable or Fixed
Average or Minimum Monthly Payment
$0
$1,416 i
$1,190
N/A
$606
$588
$323

Amount
$50k

Term or Period
10 years

Interest Rate i
0%

Interest Rate Type
N/A

Average or Minimum Monthly Payment
$0

Credit Card

Amount
$50k

Term or Period
N/A

Interest Rate i
22.21%

Interest Rate Type
Variable

Average or Minimum Monthly Payment
$1,416 i

Personal Loan

Amount
$50k

Term or Period
3-7 years

Interest Rate i
10.73 – 35.9%

Interest Rate Type
Fixed

Average or Minimum Monthly Payment
$1,190

Reverse Mortgage

Amount
$50k

Term or Period
Event Based

Interest Rate i
5.61%

Interest Rate Type
Variable or Fixed

Average or Minimum Monthly Payment
N/A

Home Equity Loan

Amount
$50k

Term or Period
10 years

Interest Rate i
7.74%

Interest Rate Type
Fixed

Average or Minimum Monthly Payment
$606

HELOC

Amount
$50k

Term or Period
15 years

Interest Rate i
7.30%

Interest Rate Type
Variable or Fixed

Average or Minimum Monthly Payment
$588

Cash-Out Refinance

Amount
$50k

Term or Period
30 years

Interest Rate i
6.70%

Interest Rate Type
Variable or Fixed

Average or Minimum Monthly Payment
$323

This chart is meant to provide general or average costs per financial product. Interest rates are subject to change and are dependent on credit worthiness and market conditions. Average interest rates sourced from published rates on the Wall Street Journal, Bankrate and LendingTree. Information updated on 1/1/2023.

Questions?

We Have Answers

How does it work when I am ready to sell?
You have the right to sell your home whenever you want. You will need to notify Unlock Technologies as soon as you decide to sell, so that we can prepare and avoid any hiccups in the transaction. To calculate the Unlock share we need to determine the ending home value. Typically, it’s equal to the sale price to a bona fide, arms-length, third party buyer. It includes the fair market value of any non-cash consideration (such as a seller concession), and does not include deductions for closing costs, taxes, documentary fees, mortgage loans, other liens or secured loans, sales commissions, or appraisal expenses. After we receive notice of your intent to sell, we may decide to obtain an appraisal. In addition to supplying an independent measure of your home’s value, an appraisal will be needed if you have requested an improvement adjustment. We will also obtain a property inspection to determine if a maintenance adjustment might be required. Special provisions may apply if it appears that your sale is not arms-length, or the proposed sale price is materially different from your home’s market value. Once the ending home value and sharable value are determined, we will provide the escrow company with a settlement statement including the exact amount of the Unlock share and documents needed to release our lien on the property. At the closing of your sale, the escrow company will pay us the Unlock share out of the sale proceeds and release our lien, ending the Unlock agreement. How much you will receive from the sale will depend on the amount payable to us, the outstanding balances of any loans secured by your property, and real estate commissions and other costs associated with the sale of your home.
What types of properties are eligible?
Unlock Technologies invests in most residential real estate (single family, condominiums, 2-4 unit properties and townhomes), including both owner and non-owner occupied. We currently do not invest in TICs, co-ops, raw land, or any prefabricated homes such as mobile homes or manufactured housing.
How much does Unlock cost?
There are no monthly payments with Unlock. Instead, we share in the future value of your home according to the terms of our agreement when you sell or decide to buy us out. A typical agreement might exchange 10% of the current home’s value (cash to you) for 20.5% of the future home’s value (the Unlock share). The annualized cost of your agreement can never exceed 20% and the annualized cost of the agreement drops significantly the longer you hold your agreement. At closing Unlock charges an origination fee of 3.9% of Unlock’s investment, which is comparable to many types of real estate financing. You will also pay any required third-party expenses to appraise, inspect, and record your transaction.
Are there any restrictions for what I can do with the cash?
In some cases, Unlock Technologies may require you to pay off some debts when your Unlock agreement is originated, but we do not place any restrictions on the net cash you receive from us after close of escrow.

Interested in a home equity agreement (HEA) from Unlock?

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