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.
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You could get a Cashout of $25K or more
Get cash upfront
Pre-qualify in seconds, starting from $25k. You own and enjoy your home - we receive a share of your home’s future value.
Use it for what you need
Pay down debt—or use the cash to pay for anything you need. There are no monthly payments and you keep your existing mortgage.
Pay it off when you’re ready
You have up to 10 years to decide how and when you pay off your Cashout. There are no prepayment penalties and you can make partial payments at any time.
How a Home Equity Cashout works:
Fast, efficient and intuitive process, led by our experts
1
Answer a few questions
Let us know how to get in touch with you
2
Get a free estimate
A specialist will call you to go over your situation and review your options
3
Receive your funds
If approved and finalized, you will receive a lump sum payment
See how a Cashout stacks up
Home Equity Cashouts deliver speed and certainty for homeowners seeking more flexibilty
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 home*
In 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.
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 home*
In 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.
FAQs
JG Wentworth’s Home Equity Cashout enables you to access the equity you’ve accumulated in your home without taking on new debt.
The concept is simple: JG Wentworth gives you a lump sum of cash today in exchange for a percentage of your home’s future value later.
If you’re looking for a way to access your home’s equity, but don’t have perfect credit, want to avoid the stress of more monthly payments, and don’t want to sell your home—a Home Equity Cashout may be right for you.
- Your home needs to be in an approved market area, and it should be worth over
- You need to have sufficient percentage of the equity in your home, usually at least 30%.
- You should have a minimum credit score of 500.
- You don’t have any recent bankruptcies or foreclosures.
- Your home is of a qualified property type, i.e. not commercial properties, manufactured homes, modular homes, mobile homes, properties with 5 or more acres, properties with an LLC ownership, or co-ops.
After receiving your funds, you have up to 10 years to pay off the Cashout. This can happen in two ways:
- If you sell your home, we will receive our portion of the proceeds.
- You can pay off the Cashout with other funds—for example, by obtaining a home equity loan, refinancing your mortgage, or using personal savings.
Many homeowners target paying off their Cashout within 3-4 years to benefit from this lower Payoff percentage, providing an effective discount. By using 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—and then can use those funds to pay off the Cashout early.
