What If You Don't Want Another Payment?
Want to access home equity—but don't want another required monthly loan payment?
A HELOC or traditional Home Equity Loan isn't the only option.
You may have heard programs described as a:
Shared Equity Agreement (SEA)
Home Equity Investment (HEI)
Home Equity Agreement (HEA)
While individual programs vary, these arrangements generally allow eligible homeowners to receive funds today without traditional monthly principal and interest payments.
Instead, the homeowner agrees to share a portion of the home's future value or appreciation according to the terms of the agreement.
An SEA/HEI/HEA isn't right for everyone, and the eventual cost can vary depending on the home's future value.
But for homeowners who want to access equity without adding another required monthly loan payment, it's an option worth understanding.
A HELOC isn't your only home equity choice anymore.
For more information Click Here
Rob Clark | Home Loan Consultant
Call/Text: 209-227-7745
robertclarkloans.com
rbrtclark53@gmail.com
Robert Clark NMLS #357788
Firestone Financial Group NMLS #301522
CA DRE #01148307
Equal Housing Lender
Advertising Disclosure: This material is for informational and educational purposes only. Shared Equity Agreements/Home Equity Investments/Home Equity Agreements are not traditional loans and may involve future equity-sharing obligations. Program terms and eligibility requirements vary and are subject to change. Carefully review all agreement terms before proceeding.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.