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Keep Your Home, Access Your Equity
4.2
4.2
MoneyAtlas
Rating
Access up to $500,000 with a Home Equity Agreement (HEA)
No monthly payments
Recommended 600 credit score
Pros
No monthly payments: You receive cash today in exchange for a share of future home value
DTI-friendly: Since there’s no installment, it doesn’t raise your debt-to-income ratio like a HELOC or cash-out refi
Flexible use of funds: Proceeds can typically be used for renovations, debt payoff, investing, or reserves
Cons
Potentially high long-run cost: If your home appreciates, the payout owed can exceed loan interest alternatives