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Key Facts
- Mortgage Types: Home equity
- Min. Credit Score: 550
- APR: Undisclosed
Pros
May provide homeowners who are credit challenged or carry too much debt for a traditional home equity loan with a means by which to access the value of their home equity
No monthly payments
No interest charges
Available to homeowners with credit scores as low as 550
Online calculator makes it easy for property owners to see how much they may qualify for based on the home's value and outstanding mortgage debt
Cons
Not a loan
Unlock places a lien on the homeowner's property
Rural properties are not eligible
Unlock Agreements are provided exclusively by Unlock Partnership Solutions Inc., Unlock Partnership Solutions AO1 Inc., Unlock Partnership Solutions AO2 Inc., and Unlock Homeownership Solutions Inc., all of which are wholly-owned subsidiaries of Unlock Technologies, Inc. (collectively, “Unlock”).
The applicable Unlock entity enters into the Unlock Agreements directly with consumers and does not act as an agent or broker on behalf of any third-party. No agency relationship shall be formed between any Unlock entity and a consumer pursuant to or in connection with an Unlock Agreement. All Rights Reserved.
*Application to funding may take over 60 days to complete. Funding timelines may vary depending on factors, including, but not limited to appraisal turnaround times and follow-ups required for verification of property details and a clear title.
Liens or any interest secured on the property by MV Realty must be paid off and removed as a condition to close.
Terms and conditions apply.
- Minimum credit score as low as 550
- No obligation; quote within a few minutes
- Quick and easy online experience