Access Your Home EquityWith Repayment Deferred
A Home Equity Agreement gives you upfront capital in exchange for a share of your home's future value. Repayment is deferred until you sell, refinance, or reach the end of the term.
Understanding the Investment
Here's what happens at each stage of your Home Equity Agreement journey.
Check Your Eligibility
Enter your home address to see a preliminary estimate. This initial check takes about 2 minutes and has no impact on your credit score.
- No credit pull required
- Instant preliminary estimate
- See potential funding amount
- No obligation to proceed
Property address
Preliminary estimate
up to $100,000
Example only. Your figures depend on your home and mortgage.
Review Your Offer
We'll assess your home's value through an independent appraisal and create a personalized offer with clear, transparent terms.
- Professional home appraisal
- Clear explanation of all terms
- No hidden fees
- Take time to review, with no pressure
Preliminary term sheet
- HEA Amount
- $100,000
- Transaction Fee (4.5%)
- - $4,500
- Third-party closing costs (avg. $2,215)
- - $2,215
Example only. Third-party costs vary by file.
Close & Receive Funds
Sign your closing documents with a mobile notary at your convenience. Funds typically wire to your account within 48 hours of closing.
- Mobile notary comes to you
- Sign at your convenience
- Funds wire within 48 hours
- Timing depends on appraisal scheduling and title
Closing
- 1Mobile notary scheduledAt your address
- 2Documents signedIn person
- 3Funds wiredWithin 48 hours
The sequence at closing. Timing depends on scheduling the appraisal and clearing title.
Use Your Funds Freely
Put your capital to work however you choose. There are no restrictions on how you use the funds, and repayment is deferred until you sell, refinance, or reach the end of term.
- No restrictions on fund usage
- Nothing due month to month*
- Repayment deferred up to 10 years
- Settle anytime on your terms
Investment Period
Nothing due month to month
A Final Settlement Amount, based on your home’s value at that time, is due at the end of the Investment Period or on sale or refinance.
Settlement can happen earlier, whenever you sell, refinance or choose to settle.
What Makes HEAs Different
Mend makes an upfront payment to you in exchange for a contractual right to a percentage of your home’s value at settlement. Here’s what that means for you.
No Monthly Payments*
Unlike a HELOC, there are no monthly payments. A Final Settlement Amount based on your home's value at that time is due at the end of the Investment Period or upon sale or refinance. In a high-appreciation scenario, this amount may substantially exceed the investment proceeds received. Repayment is deferred until a settlement event.
You Stay in Control
You remain the sole owner of your home. You make all decisions about your property; Mend simply holds a contractual interest in your home’s future value.
Equity-Based Qualification
Our primary focus is your home's equity, not just your credit score. This means homeowners who may not qualify for traditional financing may still be eligible.
Transparent Terms
We believe in clarity. You'll understand exactly what you'll owe at settlement before you sign anything. No surprises, no hidden fees.
When Do You Repay?
Repayment is deferred until a "settlement event" occurs. This typically happens when you:
- 1Sell your home
Settlement occurs at the time of sale
- 2Refinance your mortgage
Use proceeds from your refinance to settle
- 3Choose to buy out the investment
You can settle anytime using savings or other funds
- 4Reach the end of term
Typically 10 years from the investment date
Settlement Amount Example
At settlement, Mend receives an agreed-upon percentage of your home's total value at that time.
*This is a simplified example for illustration purposes. Actual terms vary based on individual circumstances. See Pricing & Terms for details.
Ready to see what you qualify for?
Check your eligibility in 2 minutes. No credit impact, no obligation.
*Mend makes an upfront payment to you in exchange for a contractual right to a percentage of your home’s value at settlement, calculated using the Settlement Multiplier in your Agreement. No interest accrues; however, The total amount you repay depends on your home's value at settlement. If your home decreases in value, your repayment amount will be reduced accordingly. Settlement is required when you sell, refinance, or at the end of the agreement term (typically 10 years). You may also choose to settle at any time. This is not an offer or commitment to lend. All applications are subject to underwriting approval. Terms and conditions apply.