Home / HELOC / If there is no payment, it is not our HELOC.
Updated September 2026
HELOC guide
If there is no payment, it is not our HELOC.
A home equity contract, or equity share, gives an investor a piece of future value. It is not a HELOC, even when the ad says no monthly payment. A HELOC has a balance, a rate, and a payoff. You can draw it down to zero and the lien can be released. An equity contract follows the home's value and can cost more if the house rises. We do not offer that product and we will not describe it as a HELOC. If someone promised no payment and no interest, read the contract before you sign away future equity.
Sending a file is not an approval and not a credit pull. We text the same business day. We do not call. If we can structure it, we name the door. If we cannot, we say so.
The screen
| HELOC | Equity contract | |
|---|---|---|
| What it is | A loan | A share of future value |
| Payment | Interest on what you draw | Often none, until sale or a buyout |
| End | Pay the balance | Share the upside |
| Our desk | Yes, in six states | No |
What we fund
- People who were pitched a no-payment product
- Owners who want a normal second lien
- A comparison before you sign someone else's contract
What we still need. Short list.
- The first mortgage balance, rate, and whether it can stay.
- A value we can support, and the cash you actually want.
- The property state. HELOC is only GA, FL, TN, AL, NC, and SC.
- Income path: full doc, bank statements, or rent on a DSCR HELOC.
Questions
Do you broker equity shares?
No.
Is no payment better?
Not if you give away a chunk of the sale. Run the dollars, not the slogan.
Can I refinance out of an equity contract later?
That depends on their contract, not on our HELOC. Get their payoff terms in writing.
Related
These are the guidelines we screen. They are not a promise that your file hits the maximum. Credit-event seasoning, occupancy, and property condition still have to be confirmed. Not a commitment to lend. We text. We do not call.