Balance empowers you to access equity in your home to pay off your entire mortgage and get up to $50k cash out.
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Get caught up & say goodbye to the stress of debt
Payments up to 30% lower compared to your current mortgage & debt payments
Balance enables you to skip monthly cash payments and pay with home equity instead
Stay on title — increase equity, refinance or sell whenever you want
Balance works for owners in forbearance, foreclosure and with low credit scores
Balance co-invests in your home by paying off your mortgage lender and, if you qualify, providing you up to $50k cash at closing to settle any other debts you may have. With a Balance investment, you’ll stay in your home and keep your share of home equity.
Similar to a mortgage, you’ll make a payment each month which also includes your share of operating expenses (e.g., taxes, insurance, HOA fees, etc.). As a co-investor, Balance will pay its share of your home’s operating expenses each month.
Make your monthly payment with cash or by tapping into your growing equity by selling a small additional share of your home to Balance. Balance provides the ability to skip up to 4 cash payments each year.
Choose to increase your ownership at any time. The more equity you have, the lower your monthly payments will be. Repay Balance in full at any time by refinancing into a mortgage. Or sell your home and keep your share of the proceeds plus appreciation.
Balance invests in your home in exchange for a portion of your home equity. As a co-investor, we share in the costs, appreciation and depreciation of your home. Sharing in your future home appreciation allows us to offer attractive terms with low monthly payments and flexible qualifying criteria.
And you can go back to traditional ownership at any time without penalty.
✓ Built up at least 10% home equity
✓ Plan to stay in your home for 3+ years
✓ Need access to cash or to payoff debts
✓Willing to trade appreciation for low payments & flexibility
I was in forbearance and unable to qualify for a refinance after months of applying. I found Balance and received an immediate offer to pay off my mortgage and $6k of credit card debt. My new housing payments are lower than my previous mortgage and I can pay with equity when I need, rebuilding my credit while growing my equity. I love the Balance team!
I was facing foreclosure and unable to refinance or get an affordable loan modification. I found Balance and in less than a month they had paid off my mortgage and my credit card debt. My housing payments are now lower than my previous mortgage and I can pay with equity when I need. I'm rebuilding my credit and growing my equity. I love the Balance team!
I was facing foreclosure and unable to refinance or get an affordable loan modification. I found Balance and in less than a month they had paid off my mortgage and my credit card debt. My housing payments are now lower than my previous mortgage and I can pay with equity when I need. I'm rebuilding my credit and growing my equity. I love the Balance team!
Both options replace your current mortgage
• Yes
No
• Yes, for at least 5 years
Sometimes
• Up to 4 per year
Never
• Yes
Sometimes
• Yes
Unlikely
• Yes
Unlikely
• 14 - 30 days
45 - 60 days
• No
Sometimes
Balance invests in your home in exchange for a portion of your home equity. As a co-investor, Balance shares in the costs, appreciation and depreciation of your home. Sharing in your future home appreciation allows Balance to offer attractive terms with low monthly payments and flexible qualifying criteria.
Balance offers fixed monthly payment amounts for at least 5 years. After that, we’ll review your monthly payment and adjust it based on market rental rates in your area with a 5% maximum annual adjustment (subject to local real estate laws). We're long-term partners and happy to co-invest in your home for at least 10 years, but you can buy us out or sell your home at any time.
Similar to a mortgage and other home equity products, Balance charges a service fee and you are responsible for paying the closing costs. You have the option to pay all of the closing costs with a portion of your home equity, so Balance’s customers typically pay $0 at closing. In fact, customers are also able to sell additional equity to Balance at closing and receive additional cash at closing to pay off other debts. Your closing costs, including any cash outs you elect to receive, will be summarized in a Balance proposal.
Yes! When you enter an agreement with Balance, we'll set a starting price for your home and adjust it up or down every three months based on the Federal Housing Finance Agency's home price index for your metro area. This means any appreciation in your home’s value above this index will be yours to keep! At any time, you can buyback all, or a portion, of Balance’s interests in your home at this price.
Balance is a co-investor in your home equity, so our goal is to keep you in your home. Any adverse situation is costly and stressful for all parties and we’ve structured Balance to avoid them by being flexible about how much of your home you own. If you cannot afford to pay your minimum monthly payments and have exhausted your ability to pay with equity, we will make every effort to accommodate any alternative financing options. A sale of the residence, where you share in the proceeds accordingly, is a last resort option.
Balance strives for fair, transparent pricing: • Balance charges a one-time shared ownership entry fee of 2.5% of your home value to co-invest in your home and pay off your mortgage and any other debt. Owners typically pay this fee in home equity instead of cash. • You’ll pay a fixed monthly fee to Balance to live in your home. You have the option at any time to increase your ownership by buying back equity, which would lower your monthly fee accordingly. • If you choose to end your agreement with Balance, we’ll calculate the increase or decrease in home value according to the Federal Housing Finance Agency (FHFA) published home price index. The payoff amount will be based on this indexed home value and our share of ownership at the time - even if it ends up being less than our initial investment amount.
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