Home Equity Investment (No age limit/ No interest/No monthly payment)

 Get Cash From Your Equity 

A Home Equity Investment (HEI) is a financial product that allows homeowners to leverage the equity in their property to access funds for various needs. The HEI has NO monthly payments and NO interest!

The HEI is particularly appealing to those looking to finance home improvements, consolidate debt, or even invest in other opportunities.

* Some homeowners use a HEI 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 Investments are changing the way homeowners access their home equity by providing a hassle-free option without additional monthly payments and no new debt. 
 
The HEI 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.
  
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.

Repurchase your investment option anytime within your term. 
 
Easy qualification based on your home equity.

Keep your home! You remain the owner and continue living in your home.

Major Benefits:
No age limit
No monthly payments / No interest
No income or employment requirements
No debt-to-income requirements
No out-of-pocket costs
No early pay-back penalties
The HEI can be funded up to 75% of the value
The term can match the remaining term on your existing mortgage
Cash from the HEI can be used for any purpose
Use the funds to catch up back payments on your existing mortgage
The HEI can transfer to the heirs (they don't have to sell to pay off the HEI)
The property can be held by a revocable Trust or LLC
The HEI can be used for owner occupied and non-owner occupied (rental) property
The homeowner retains full ownership of their property, like with any mortgage

Qualifying the homeowner: 
FICO score must be min 500
Have no more than one Notice of Default within the last year
Bankruptcy must be discharged at least 4 years for Chapter 7 and 2 years for Chapter 13
No foreclosure within the last 7 years (your home was sold at a trustee sale or auction)

Qualifying the property:
The property must be a single family home, condo, townhome or multi-family 2-4 units
The current appraised value must be between $200,000 and $5,000,000.
The property must be located in California
The property must not be on 5 acres or more
The property cannot be  a manufactured home or vacant land
The property cannot be zoned for commercial or agricultural purposes

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.

In Conclusion 
A Home Equity Investment 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!