Homeowners in Illinois, Georgia, Minnesota, Florida and Texas now have a more affordable and flexible way to own their home
Posted: October 19, 2021 at 12:00 p.m. EDT|Update: 3 hours ago
LOS ANGELES, October 19, 2021 / PRNewswire / – Designed to help homeowners who are struggling to qualify for traditional low credit refinancing, House Balance launched in five states, offering a unique new way for homeowners to own their homes without conventional mortgage debt. Balance partners with homeowners, co-investing in their home by paying off their mortgage in full in exchange for a portion of their home equity. This option opens up new avenues for homeowners and underserved communities who might otherwise not be able to stay in their homes.
With Libra, homeowners make monthly payments on their home that are similar or lower than a traditional mortgage, with the option to skip a cash payment and pay with a withdrawal from their home’s equity instead. Owners can also buy Libra shares at any time, reducing their monthly payment amount. Like a traditional mortgage, Libra allows homeowners to live in and improve their home as they see fit, and they can pay off Libra’s investment by refinancing or selling the home at any time.
This innovative new system is designed to provide abstention relief to people who would not otherwise qualify. As Libra Sales Manager Daniel Osman explained, “Today, all of the options available to distressed homeowners increase long-term debt and offer no flexibility or help the immediate effects of debt. financial instability or other adverse life events. That’s why we created Libra. ”He clarified,“ We wanted to offer another option that could help homeowners find stable ground without incurring additional debt and provide flexibility to maintain their equity and stay in their home. “
Currently, Balance is available to owners of Florida, Georgia, Illinois, Minnesota, and Texas, with more statements coming soon. The company itself operates remotely with a team of talented professionals across United States, and continues to grow as their business grows.
About houses of equilibrium: Libra offers an alternative to borrowing and mortgaging your home with more flexibility, affordability, and broader eligibility criteria. Designed for those struggling to get homeownership, forbearance or foreclosure, Balance offers a new solution for underserved homeowners or those shunned by big banks. To find out more and get a free proposal on your home, visit https://www.balancehomes.com/.
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SOURCE Balancing Houses
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