Why a Swiched Home Equity Agreement?
Historic levels of home equity
$22.1 Tn: tappable home equity
$1.9 Tn: tappable equity (FICO < 620)
$254,000 median home equity
31% average CLTV
82% of the market has tappable equity
Customers love it
No monthly payments ever
No additional debt
No pre-payment fees
Settle anytime within 10 years
Fast, frictionless, fully digital process
Expand your market
HELOC/HEloans: 40%+ decline rates
Non-traditional incomes eligible
LLC eligible
Minimum 500 FICO
No age or DTI requirements
Up to 80% Finance Limit
Equity products available today do not serve the whole market
Source: Transunion home equity report 3Q2023, Mortgage Bankers Association
Swiched Advantage
- Wholesale only
- Full suite of tools including quick quote & pre-qual
- Purpose built and industry leading tech platform including fully digital customer experience
- Best-in-class turn times and dedicated support
- Common sense underwriting
- Comprehensive virtual and live training
How it works
- Swiched provides an up front cash investment payment
- In exchange, Swiched receives a share of the home's future value
- Homeowner settles with Swiched anytime within 10 years
- Total cost is based on the home's value in the future when they settle
Get Swiched
Offer your clients the Swiched HEA today