Cash flow is tight
There is no monthly payment, so nothing is added to your budget.
Cash from your home, with no monthly payment.
A home equity investment is not a loan. An investor gives you a lump sum today in exchange for a share of your home's future value. No monthly payment, no interest and no income verification.
- Credit scores as low as 500 can qualify
- Up to $600,000, or 25% of your home's value
- Your first mortgage and its rate stay as they are
At a glance
TypeReal estate option, not a loan
Monthly paymentNone
InterestNone
Income verificationNot required
Credit scoreAs low as 500
AmountUp to $600,000
TermUp to 10 years
When a home equity investment fits.
It is for homeowners who have equity but cannot take on a payment, or cannot qualify for a loan.
Income is hard to document
Self-employed, retired or between jobs. There is no income verification.
Credit is bruised
Approval is based on your home, not your FICO. Scores as low as 500 can qualify.
A loan, or no loan at all?
A HELOC is usually cheaper if you qualify for one. A home equity investment is the right fit when cash flow is tight or a loan isn't available. We'll walk you through every number before you sign anything.
Which one fits you?
| Feature | HELOC / home equity loan | Home equity investment |
|---|---|---|
| Monthly payment | Yes | None |
| Interest | Yes | None. The investor shares in future value |
| Income verification | Required | Not required |
| Credit score | Good credit needed | As low as 500 |
| Best if | You have income and want the cheapest capital | Cash flow is tight or credit is bruised |
Not sure? Apply once and a licensed loan officer will show you both side by side.
Questions about the home equity investment.
How much can I get from a home equity investment?
Up to $600,000, or up to 25% of your home's value. Maximum amounts and eligibility vary by property and location.
When do I pay it back?
You settle when you sell, refinance, or buy the investor out, at any point during the term. The term runs up to 10 years or the maturity of your first mortgage. The amount owed depends on your home's value at that time and is subject to a rate cap. Fees apply.
Would a HELOC cost me less?
Usually, if you qualify for one. Apply once and a licensed loan officer will show you both side by side.
What's a home equity investment, and is it a loan?
It isn't a loan. We give you a lump sum today in exchange for a share of your home's future value, secured by a recorded option on the property. There are no monthly payments and no interest. You settle up when you sell, refinance, or buy the investor out, at any point during the term, which runs up to 10 years or the maturity of your first mortgage. Because there's no payment, there's no income requirement, and credit scores as low as 500 can qualify. It's the right fit when cash flow is tight or a loan isn't available; a HELOC is usually cheaper if you qualify for one, and we'll show you both.
Who is iRefi?
iRefi is the home equity brand of Clear Mortgage Capital, Inc. (NMLS 1935005), a mortgage lender headquartered in Irvine, California and led by CEO and Principal Broker Nathan Kowarsky (NMLS 294599).
Other ways to use your equity.
Home equity line of credit
A revolving line secured by your home. Draw what you need when you need it, and pay interest only on what you use. Your first mortgage and its rate stay exactly as they are.
About the home equity line of creditFixed-rate home equity loan
A fixed-rate home equity loan pays out once and comes with one predictable monthly payment. It sits behind your first mortgage, which stays exactly as it is.
About the fixed-rate home equity loanInvestment property HELOC
A line of credit on a rental property or a second home. Non-owner-occupied homes carry no rescission period, so these are the fastest loans we close. Some have funded the same day.
About the investment property HELOCCheck your rate. Three minutes, no credit hit.
Answer a few questions and a licensed loan officer will send your options, usually the same business day.
- Soft credit pull only
- No Social Security number needed for a quote
- No obligation. Walk away anytime.
Prefer to talk? 833-33-IREFI, Monday–Friday.