A Home Equity Investment (HEI) loan option is a financial product that allows homeowners to leverage the equity in their property to access funds for various needs.
This type of loan is particularly appealing to those looking to finance home improvements, consolidate debt, or even invest in other opportunities.
Some homeowners use this loan option to catch up back payments and cure their mortgage default. You may qualify even if you are in foreclosure and a Notice of Default has been issued.
Unlike traditional home equity loans, which require monthly payments, a Home Equity Investment Loan typically offers a different repayment structure, allowing homeowners to potentially benefit from the appreciation of their property's value over time.
Home Equity Investment Loans are changing the way homeowners access their home equity by providing a hassle-free option without additional monthly payments and no new debt.
This type of loan lets you access your hard-earned equity without restrictive qualification hurdles and no early repurchase penalties.
Get the most out of your home’s value with equity sharing.
There are NO monthly payments!
How It Works:
A home equity sharing agreement is not a typical loan! It allows homeowners to access their home’s current value without interest or monthly payments. In return, a home investment company will invest in a share of your home’s future value.
You'll have streamlined access to cash with no monthly payments.
There are NO early repurchase penalties.
Repurchase your investment option anytime within your term.
Your term runs as long as your senior mortgage or at least 10 years, up to 30 years.
No income or employment requirements.
Easy qualification based on your home equity.
Keep your home! You remain the owner and continue living in your home.
Major Benefits
No monthly payments
No income requirements
No age limit
Not a loan - there is no interest rate
No debt-to-income requirements
Go from application to funding in 4 simple steps:
Step 1: Pre-qualify
We'll need your Drivers License (front & back sides) and current Mortgage Statement(s).
Step 2: Complete application
Complete the application by answering a few questions about you, your home, and how you will use the funds. You'll need to supply your home insurance declaration page to show your home is insured.
Step 3: Review offer
Once your application is complete, we'll work with you to gather any additional documents, underwrite your HEI, appraise your home, and coordinate a convenient day for you to sign the closing documents.
Step 4: Receive funds
After signing the closing documents, get ready to receive your funds and use them however you wish.
Step 5: Repurchase your option
Repurchase your investment option anytime within your term via a home sale, refinance, or cash settlement. Your term runs as long as your senior mortgage or at least 10 years, up to 30 years.
If you want to see what your home might be worth in 5, 10 or 20 years, I can give you the answer.
This can tell you how much appreciation you might be giving up in the future, to reap the benefits of receiving a share of your current equity now.
In Conclusion
A Home Equity Investment Loan Option can be a valuable tool for homeowners seeking to maximize their financial potential. By leveraging the equity in your home, you can access funds that may help you achieve your financial goals.
Don't hesitate to reach out to us for more information and to pre-qualify today!