You do not need to be wealthy to benefit from an Equity Builder Loan. You need to be organized. The loan works by putting your existing income and savings to work against your mortgage balance every single day. The more money you keep in your account between deposits and expenses, the faster your balance drops and the less interest you pay. If that sounds like how you already manage your money, you are probably a strong candidate.
You might be a great fit if...
- You are financially discipled
- You consistently spend less than you earn
- You save at least 5%-10% of net deposits each month
- You want to have access to your equity
- You want to build financial wealth
Who It Works For
Three Borrowers Who Thrive
The Dual Income Family
Two incomes flowing into one account means more money sweeping against the mortgage every night. Dual income households typically see some of the most dramatic payoff acceleration because the combined surplus is significantly higher than a single income household. If both paychecks hit the Equity Builder account, the results can be remarkable.
The High Earner
High earners with strong monthly cash flow are natural fits for the Equity Builder Loan. The more income that flows through the account, the more aggressively the balance drops. If you are earning well and keeping a meaningful portion of that income liquid before expenses go out, the daily sweep mechanic works especially hard for you.
The Smart Saver
You do not have to be a high earner to benefit. Borrowers who are disciplined about keeping money in their accounts between paychecks and expenses, even at moderate income levels, see strong results. If you have $20,000 or more in savings that you can move into the Equity Builder account from day one, you start with a significant advantage.
HOW YOU CAN QUALIFY
MORE WAYS TO QUALIFY THAN YOU MIGHT EXPECT
The Equity Builder Loan is available to a wider range of borrowers than most people assume. In addition to traditional W2 income, you may be able to qualify using Asset Depletion or Bank Statement income. That means self-employed borrowers, business owners, retirees, and high-net-worth individuals with significant liquid assets may all have a path to approval.
If you are not sure whether your income situation qualifies, reach out to Todd and Aaron directly. They will walk you through your specific scenario and give you a straight answer.
Being Honest
It Is Not the Right Fit for Everyone
We would rather tell you upfront than have you find out after closing. The Equity Builder Loan works beautifully for the right borrower and significantly less well for the wrong one. Here is who might not be the best fit.
This might not be the right fit if...
- You consistently spend close to or more than you earn
- Your Debt-to-Income ratio is higher than 43%
- You don't have reserves of at least 10-15% of the line amount
The Best Way to Know Is to Run Your Numbers
Every financial situation is different. The only way to know for certain whether the Equity Builder Loan makes sense for you is to see your specific scenario modeled out. We will look at your income, your monthly expenses, your liquid savings, and your mortgage amount and show you exactly what your payoff timeline and interest savings could look like.