From NAR
Fintech is changing the game with new options like Home Equity Agreements (HEAs), offered by companies like Unlock Technologies. These give homeowners a lump sum of cash in exchange for a share of their home’s future value—no monthly payments, and they’re easier to qualify for than traditional loans.
This is a great option for clients who might not fit the mold for traditional financing—like retirees or self-employed folks—and it opens up opportunities for home improvements, debt consolidation, or even funding new investments. Plus, homes that get a refresh with HEA funds can hit the market in better shape, making them easier to sell and potentially fetching a higher price.
Being aware of creative financing options like this keeps you ahead of the curve and gives you more tools to help clients achieve their goals.
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