Getyourhomemarket-ready for$0upfront
Coverlistingprepprojectsnow staging,repairs, painting,landscaping andrepaywhenyourhomesells.
Accessupto$50,000ofequityinminutes
Noimpacttocredittoapplyoraccessfunds
Useanyvendororpro
1.Unlockfunds
Accessyourequitywithaquickapplication
2.Payforimprovements
CoverlistingprepexpensesusingNotable
2.Repayatclosing
Easilyrepaythroughtheclosingprocess
Willmycreditscorebeimpactedbyapplying?
Theapplicationandapprovalprocessusesasoftcreditinquiry,whichdoesnotaffectyourcreditscore. Additionally,yourcreditscorewillnotbeimpactedbydrawingfunds.
Whathappensifmyhomedoesnʼtsell?
Youhave12months(1year)tosellyourhome.Ifithasnʼtsoldbythen,youcanrequestanextensionorsetupapaymentplan togiveyourselfmoretimetosell.Ifyouchoosetonolongersellyourhome,theloanwillneedtoberepaid.
Whatfeesorinterestareapplied?
Youʼllsee:
•~1%monthlyinterest(reflectingan899–1699%annualrate).
•A$499one-timefee
•Nothingduetilclosing
Mosthomessellinabout3months.Atouraverage~1%monthlyinterest(12%annually),thatʼsabout3%interestpaidat closing,onlyonwhatyouactuallyspend.
IsthereacostifIdonʼtusefunds?
Thereisnocosttoyouifyounolongerneedyourfunds.Youcansimplyrequestyourloanbeclosed.
Whatcanfundsbeusedon?
Youcanusefundsforvirtuallyanythingthathelpsgetyourhomereadytosell—fromstagingandpaintingtorepairs, landscaping,oreventhingslikestorageandtemporaryhousing.
Whatarethequalificationcriteria?
•Meetaminimumcreditscoreof680(640inCA)
•Beanowneroftheproperty(orbeabletoactonbehalfoftheowner)
•Haveatleast20%equityinthehome(insomecases,atleast10%)
•Signedlistingagreementwitharealestateagent
•Propertylistpriceunder$4M
Additionalcriteriamayapply
WhatisthemaximumamountIcanqualifyfor?
Wedetermineapprovalamountsprimarilybasedontheequityinthehome—thoughothercredit-worthinessfactorsmaybe consideredthatcanimpactyourcreditlimit.
Howistheloanrepaidatclosing?
Onceyourclosingdateisset,letusknowbyloggingintoyourportalandaddingthehomeclosedate.Wewillsendyouand youragentafinalpayoffstatementand,ifneeded,anescrowdemandalongwithclearrepaymentinstructions.
DoesitworkforhomesownedbyanLLC,Trust,Estate,orPOA?
Yes!WecanworkwithhomesownedbyanLLC,Trust,Estate,orunderPowerofAttorney(POA).Wemayaskforsome documentstoverifyownershipduringtheapplicationprocess.
WhatifIʼmbuying,too?Howmightmynewmortgagebeimpacted?
Onlysoftcreditinquiriesareperformed,soyourcreditscorewonʼtbeaffectedduringtheapplication.Ourloansarepersonal andunsecured,meaningthereʼsnolienontheproperty.Additionally,wewonʼtreporttheloantothecreditbureauunlessthe loanremainsunpaidafteritbecomesdue.