Renovation Plans on Hold? Unlock Your Cash, Don't Add Debt
Here’s how to unlock the cash without taking on debt.
You’re not likely dreaming of luxury upgrades or backyard fountains… you’re fixing real problems.
A leaking roof… A busted HVAC… A kitchen that’s stuck in the 90s (or older!).
You know your home needs work, you just don’t know how to pay for it.
Banks will tell you to take out a HELOC (Home Equity Line of Credit) but if you’ve looked at those terms lately, you know they’re not what they used to be:
- Variable interest rates
- Required monthly payments
- Credit score hurdles
- And potential for foreclosure if things go sideways
Here’s the truth: You shouldn’t have to go into debt just to fix your own home.
A New Way to Pay for Home Renovation: HEA
A Home Equity Agreement (HEA) gives you a lump sum of cash today in exchange for sharing a portion of your home’s future value. It’s flexible, fast, and built for real-life situations, like renovations. And doesn’t come with any monthly payments.
“Turn Your Home Equity into a Problem Solved.”
Here’s how homeowners are using HEAs to take care of the things that matter:
- Replacing a leaking roof
- Repairing foundation cracks
- Fixing plumbing or electrical issues
- Remodeling to create rental income
- Making homes safer and more livable for aging family member
When banks say “no,” or when you simply don’t want another bill to manage, an HEAs gives you a real option. A partnership. Not everyone will qualify, but many will and it’s worth exploring.
HELOC vs HEA for Construction Costs
Which is Best? A HELOC or HEA?
If you want full control and can handle monthly payments, a HELOC might work. But if you’re already stretched, or just don’t want another lender in your life, a Home Equity Agreement might be the smarter move.
Either way, the goal is the same:
✅ Fix the problem.
✅ Add value to your home.
✅ Get back to living
But you shouldn’t have to wait for a bank’s approval to fix what matters.
With a Home Equity Agreement, you can turn the value you’ve already built into a solution, not another problem.
Terms and conditions apply. Some applicants will not qualify. Not available in all states.
Unlock Agreements are provided exclusively by Unlock Partnership Solutions Inc., Unlock Partnership Solutions AO1 Inc., Unlock Partnership Solutions AO2 Inc., and Unlock Homeownership Solutions Inc., all of which are wholly-owned subsidiaries of Unlock Technologies, Inc. (collectively, “Unlock”).
Unlock holds the following Real Estate Broker licenses: Arizona – CO698434000; California – 02141737; Colorado – IC100092644; D.C. – REO40000074; Florida – CQ1062618; Hawaii – RB-23715; Illinois – 478027520; Massachusetts – 423954; Michigan – 6505431174; Minnesota – 40797638; Nevada – B.1002613; New Jersey – 2185646; North Carolina – C33769; Oregon – 201243836; Pennsylvania – RB069442; South Carolina – 25463; Tennessee – 265329; Utah – 12139955-CN00; Virginia – 0226033193; and Washington – 21010143.
The applicable Unlock entity enters into the Unlock Agreement directly with consumers and does not act as an agent or broker on behalf of any third-party. No agency relationship shall be formed between any Unlock entity and a consumer pursuant to or in connection with an Unlock Agreement. All Rights Reserved. Other terms and restrictions apply.
- Each home equity agreement (HEA) is subject to additional individual underwriting review.
- All transactions are subject to verification of your credit (with a soft credit pull), identity, property value, home insurance, title, and outstanding property liens. Other verifications may be required.
- Unlock may also require HEA proceeds to be used to clear any pre-existing liens as a condition to close.
- The following limitations shall apply in all cases: no bankruptcy, foreclosure action, short sale, or deed in lieu within the previous five years; no 90-day delinquencies on any mortgage within the prior 24 months.
- In most cases, Unlock must be in no greater than 2nd lien position and the property must be clear of any liens deemed unacceptable by Unlock in its discretion.
- A minimum HEA amount of $15,000 is required on all transactions.
- Property condition rating, as described in the Uniform Appraisal Dataset (UAD), must be at least C4 or better and properties for which comparable valuations, in the discretion of Unlock, do not exist may be ineligible.
- Not available in all states.
- To secure the performance of your obligations under HEA, Unlock will place a lien on your property in the form of either a “performance deed of trust” or a “performance mortgage” depending upon which state the property is located. The lien is terminated when you settle your HEA.
- Unlock charges up to a 4.9% origination fee and other third party paid closing costs such as appraisal, title, and government fees.
- The home equity agreement term is 10 years.
- The timeline to funding of approved HEAs may vary depending on when the homeowner submits a completed application and all supplemental documents are received and verified.
- An affiliate of Unlock Technologies, Inc., Unlock Home Equity Solutions Inc. d/b/a Unlock and/or Unlock Technologies (“UHES”) has applied for certain licenses which may be pending. UHES does not presently offer home equity agreements in any state where such products must be offered as a licensed mortgage product or any other type of licensed financial product.
- Please contact us for more information at hello@unlock.com.
- For additional information please review the Unlock Product Guide.
No new debt,
Home Equity Agreement
