Pursuant to the Fair Credit Reporting Act (FCRA), I hereby provide my written instructions and authorization for J.G. Wentworth to obtain a consumer report on me. I understand that J.G. Wentworth has a permissible purpose under the FCRA to request and review my consumer report in connection with a financial transaction. I acknowledge that this request for a consumer report is being made in accordance with my explicit consent and instructions as required under the FCRA.
“30 years helping families move forward financially.”
Understanding a Home Equity Cashout (HEC)
A Home Equity Cashout (HEC) lets you access cash today in exchange for a share of your home’s future value. It’s not a traditional loan, so there are no monthly payments, and you can keep your current mortgage. You can repay any time within 10 years, in full or in partial amounts.
Get cash upfront
Pre‑qualify in seconds and access $50,000+ from your home equity.
Use it for what you need
Apply it toward debt, expenses, or goals, with no monthly payments.
Pay it off when you’re ready
Repay any time within 10 years, either in full or in partial payments over time.
How our Home Equity Cashout works:
1
Check your offer
Answer a few questions to see
your estimate in minutes.
2
Talk with a specialist
Review your options and tailor
them to your goals.
3
Get your funds
Once approved, receive your cash
in just weeks.
4
Repay on your timeline
No monthly payments; repay
within 10 years, anytime.
Our commitment to you
Transparency
Clear terms, no jargon, and straightforward explanations at every step.
Support
Dedicated specialists focused on your goals, not sales pressure.
Expertise
Over 30 years helping Americans move forward with confidence.
How you can use your Cashout
Your home’s value can help you move forward, without the burden of monthly payments.
Eliminate debt
Simplify and reduce high interest balances
Improve your home
Renovate or repair to increase value.
Invest in your life
Education, retirement, or personal goals.
How a Cashout compares
Home Equity Cashouts offer flexibility and simplicity compared to traditional options.
Cashout
HELOC
Reverse Mortgage
Personal Loan
No monthly payments
No payments for up to 10 years
No income requirement
500+ credit scores accepted
No need to pay off first mortgage
Maintain ownership of your home1
Cashout
HELOC
No monthly payments
No payments for up to 10 years
No income requirement
500+ credit scores accepted
No need to pay off first mortgage
Maintain ownership of your home1
FAQs
Answers to common questions about how a Home Equity Cashout works.
What is a Home Equity Cashout?
A Home Equity Cashout from JG Wentworth lets you access the equity you’ve built in your home without taking on new monthly payments, even if you don’t have perfect credit.
The idea is simple: Instead of a loan, JG Wentworth gives you a lump sum of cash today in exchange for a percentage of your home’s future value.
It’s a flexible option for homeowners who want to access some of their home’s equity without selling or refinancing, without needing perfect credit, and without the pressure of more monthly payments. If you’re looking for financial breathing room while keeping your home, a Home Equity Cashout may be right for you.
Do I qualify for a JG Wentworth Home Equity Cashout?
To be considered for a Home Equity Cashout, you’ll need the following:
- A credit score above 600
- Home equity of 25% or more
- A home worth over $150,000 in a state we operate in
- No recent bankruptcies or foreclosures
- A qualifying property—that is, a single‑family home (1 unit), condo, townhome, 2–4 unit residence, or planned unit development
If you’re unsure whether you qualify, we can walk you through it. Many homeowners are eligible even if they’ve been turned down for traditional financing.
See My EligibilityWhat states is JG Wentworth’s Cashout available in?
We currently offer Home Equity Cashouts in: California, Florida, Georgia, Illinois, Michigan, New Jersey, New York, Ohio, Pennsylvania.
We’re actively expanding into new states, so more locations are continually added. Stay tuned!
When do I need to repay JG Wentworth?
After you receive your funds, you’ll have up to 10 years to settle the Cashout. This can happen in two ways:
- If you sell your home, our share is simply paid from the sale proceeds.
- You can obtain and use other funds, such as getting a home equity loan, refinancing your mortgage, or using your personal savings.
By using some of their Cashout funds to pay down debt and bills, clients can often improve their credit profile and become eligible for a home equity loan in just a few years. That home equity loan can then be used to settle the Cashout early.
There are no prepayment penalties, and you can also make partial payments at any time.
Is a Home Equity Cashout a second mortgage?
No, a Home Equity Cashout is not a home equity loan.
A Home Equity Cashout is designed to help people who might not qualify for a home equity loan or don’t want additional monthly payments. Instead, it gives you access to your equity without increasing your monthly obligations and without the strict credit requirements of traditional lenders.
Like other home equity products, it does place a lien on your property, but only so it can be settled when you sell or refinance—not through monthly payments.
Home Equity Cashouts are designed for homeowners who want flexibility, stability, and access to cash without taking on more debt.
1In the event of an uncured default JGW has the right to become co-owners of the property, to declare the payoff amount immediately due, and to sell or foreclose on the property, among other rights.
Home Equity Cashouts are originated by JGW Residential. LLC (NMLS ID # 2669687 in CO, GA, IL, and WA) NMLS – Consumer Access – Company
A Home Equity Cashout is not a traditional loan and does not require monthly payments. However, it involves a future financial obligation based on the value of your home at the time of sale or another triggering event. Product classification may vary by state, and in some jurisdictions, this agreement may be considered a reverse mortgage or credit obligation. Please consult with a licensed advisor or attorney to understand how this product may be treated under local law. Licenses.
