The traditional LTV model asks, "What's the risk based on current value?" HEIA asks, "What value can we create together?" That's a fundamental shift in thinking.
Picture this: You're a homeowner with big renovation dreams but a not-so-big bank account. The solution seems obvious – tap into your home's equity. For years, that meant one thing: a Home Equity Line of Credit (HELOC).
Remember when getting approved for a mortgage was as simple as having a steady job and decent credit? Those days are long gone. Today's income ratio for mortgage have become increasingly complex barriers between hardworking Americans and their dreams
The traditional lending system has a way of making people feel like they're carrying around a scarlet letter. Bad credit score? Sorry, no home equity access for you. Less-than-perfect payment history? Good luck getting approved for that HELOC.
