Meet our Co-Owners
See how Balance helps people stay in their homes while reaching their personal goals
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“Balance helped us improve our finances and credit by paying off our debt so we could get to the point of being approved for a mortgage”
Jen transformed her finances by paying down $72,560 in debt, receiving $24,810 cash and boosting her credit score. She then successfully refinanced into a traditional mortgage in less than a year!
Highlights
Jen took out numerous personal loans to try and make ends meet. This ballooned into a mountain of high-interest debt, negatively impacting her credit score and chances of refinancing. Despite having considerable equity and a steady income, traditional lenders turned her away. That's where Balance stepped in. We helped her use her equity to pay off $72,560 in debt, pad her savings with $24,810 in cash, and lower her monthly payments by $1,150/mo. With Balance's help, Jen found the relief she needed and a path to financial success when others couldn't. After improving her finances, she successfully refinanced into a traditional mortgage in less than a year.
“I appreciate Balance because you all really helped us out, and you were there when we needed you, where other people would not even approve us. It relieved us that you could help us to get some bills paid so that we wouldn’t have to struggle so bad every month”
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“We are in the perfect situation: We were able to pull out money, pay off debts, take a deep breath, and get caught up”
Julie saved her home from foreclosure and used her home equity to pay off $20,000 in debt. She’s now saving over $800 each month with Balance.
Highlights
Like many others, Julie experienced a disruption in income during the pandemic. When her lender required a lump sum payment after her year in forbearance, it sent her into a debt spiral—until she found Balance.
Balance was able to help Julie pay off her mortgage and the bulk of her monthly debt obligations, saving her a total of $855 per month. Julie loves the flexibility of the program and the peace of mind it provides her: “The biggest turn on was the flexible payments and being able to access equity.” Without Balance, Julie believes she would have had to sell her home. Now Julie’s car is paid off, she’s current on her payments and her credit score has improved 15 points. Julie can breathe again now that she is on a path to recovery.
“I’m kicking myself — I could have done this so much sooner! I needed to get that money out of my house to pay down my debt and improve my credit score.”
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“I still have my house, I'm current on payments, and my credit score has gone up 140 points already”
April achieved financial freedom by paying down $23,425 of debt and improving her credit score—and repurchased Balance's interest in less than a year.
Highlights
During a temporary job loss, April’s bills began to accumulate and her credit utilization increased—impacting her credit score. April proactively tried to refinance her home and get cash out to pay off her mounting debts. Unfortunately, her credit score decreased during her lender’s final checks and she no longer met their refinancing guidelines.
While refinancing was no longer an option, Balance gave April the opportunity to achieve all of her goals in one fell swoop. April used the equity she had in her home to pay off large balances and lower her monthly housing plus debt costs by $490.
Having financial freedom has changed my life and has lifted a huge weight off my shoulders. Our credit scores have both gone up 120 points! We are now positioned to be able to qualify for a conventional refinance without private mortgage insurance.
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“In addition to paying off bills, I still maintain equity in my home … and by the time I am ready to refinance I will have a lot of it built back up again”
Ali was able to pay off mounting debt to get back ahead on her bill and save $2,000 each month
Highlights
When Ali’s mortgage company called to offer her a cash out refinance, it set off a domino effect that nearly lost her home. After agreeing to the refinance, Ali immediately took on some expensive home renovations. Unfortunately, her lender was unable to finalize the refinance before her rate lock expired. Meanwhile, interest rates had risen, preventing Ali from re-qualifying at a new rate. Saddled with hefty home renovation bills and insufficient savings, Ali began looking for solutions.
After reaching out and talking with the Balance team, Ali quickly knew that she had made the right decision.“What really really stood out to me was your sincerity from the moment I read the first ad on instagram to making the first contact with the team, and it was followed up by transparency and trust and kindness and respect… “ It was amazing to speak with someone that was just as interested in my whole story and was invested in my whole story as I was.“
“Everything the Balance team did reassured me. They came back with a professional set of paperwork that explained everything and was clearly written. The process was smooth, transparent and quick.”
In the end, Balance was able to Co-Invest in Ali’s home and lower her monthly debt payments by over $2,000. Freed from these extra payments, Ali was able to reclaim her financial stability and enjoy more quality time with her family.
“We’ve done a transaction on the house that has freed up funds. It’s not a refinance; It’s a co-investment. It is new, and people haven’t heard of it, and it’s a great option. I am really grateful for this opportunity, and I’m going to do everything I can to make this opportunity fruitful.
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“I couldn't have asked for a better process, a better outcome — this program is a godsend”
Saul saved his home from foreclosure, and used his home equity to pay off over $70,000 in debt.
Highlights
Saul inherited full ownership of his home—and an overwhelming amount of bills—after the death of his spouse. Unable to cover all the expenses, he thought his only way out was to sell or refinance his home. Saul reached out to his current mortgage servicer, but they were difficult to work with and slow moving. At his wits end, he began searching google for alternatives to refinancing and discovered Balance.
“I was so glad I found Balance”. “What I liked was that I would be able to pay off all the debt that I had. That was the biggest feature for me”
The Balance team worked out a co-Investment plan with Saul that would allow him to immediately pay off his debts and then eventually transition back to sole ownership within 5 years. Thanks to Balance, Saul was able to avoid falling into debt and stay on track to achieve his financial goals.
“The co-ownership process was exactly what I needed…it would work well for a lot of people”
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Co-Owners love Balance
“Balance Homes was amazing to work with. Their team walked us through the entire process and was always available to help us with any questions we had. Everything was up front no hidden agenda. I look forward to continuing to work with Balance Homes!”
“Balance help me and my family at a time when no one else could. I appreciate their willingness to help me and to achieve my goals. Thank you for your passion and dedication.”
“Because I had three medical incidents in 2021, I asked Balance Homes for a quote. Their team is very professional and never pushed me into making a decision. If you are facing foreclosure/forbearance or have too much debt to overcome; I wholeheartedly recommend this company. Reset your life and you will still own your home. You cannot find a better deal!”
“What a great team. They all worked together excellently. Any questions I had during the process was great and they explained everything. I do recommend them to be the help you need.”
“Everyone I have talked to at Balance is always so supportive and friendly… they really want to help you make the whole experience a positive one. They were able to help me keep my home and get back on financial track.”
“The whole Balance team was professional and supportive from start to finish. I highly recommend them!”
