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Questions? (855)629-9757

Understanding a Home Equity Cashout (HEC)  

A Home Equity Cashout (HEC) lets you access cash today in exchange for a share of your home’s future value. It’s not a traditional loan, so there are no monthly payments, and you can keep your current mortgage. You can repay any time within 10 years, in full or in partial amounts. 

See my cashout estimate

Get cash upfront

Pre‑qualify in seconds and access $50,000+ from your home equity.

Use it for what you need

Apply it toward debt, expenses, or goals, with no monthly payments.

Pay it off when you’re ready

Repay any time within 10 years, either in full or in partial payments over time.

30+ Years of Experience You Can Trust

There is a saying about first impressions…

“There is a saying about first impressions...JGW totally exceeded mine! Couldn't ask for a better experience. I started the call almost in tears because of my situation and by the end of the call I was smiling. So excited about my financial future now and it's all thanks to JGW.”
April
Quick, Professional, and Highly Recommended

“Working with J.G. Wentworth was a fantastic and stress-free experience from start to finish.
The specialist I worked with was professional, supportive, and clearly explained every detail, building my confidence right away. I was most impressed by their efficiency and speed. The entire process, from initial call to final result, was fast and seamless.
If you need financial flexibility and want to work with a reputable company, I highly recommend J.G. Wentworth. They are quick, reliable, and truly deliver. Five stars!”
Purvis
Names Do Make a Difference

“The agent was the best part. Nonjudgmental only gave his opinion when asked and was honest about them. Communicated knowledge without bragging. Very good at explanations of things I didn't understand.”
Kenneth
Talk to a specialist

Find out today how much you could cashout!​

Unlock Your Equity

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

600+ credit scores accepted

No need to pay off first mortgage

Maintain ownership of your home1

Cashout

HELOC

No monthly payments

No payments for up to 10 years 

No income requirement

600+ credit scores accepted

No need to pay off first mortgage

Maintain ownership of your home1

Home Equity Cashout Made Simple

See Your Options

FAQs

Answers to common questions about how a Home Equity Cashout works. 

What is a Home Equity Cashout?

A Home Equity Cashout from JG Wentworth enables you to access the equity you’ve accumulated in your home without monthly payments, even if you don’t have perfect credit.

The idea 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.

Do I qualify for a JG Wentworth Home Equity Cashout?

To qualify you must meet the following criteria:

  • Your home needs to be in an approved market area, and it should be worth over $150,000.
  • You need to have sufficient percentage of the equity in your home, usually at least 25%.
  • You should have a minimum credit score of 600.
  • You don’t have any recent bankruptcies or foreclosures.
  • Your home is of a qualified property type—i.e., a Single Family Home (1 unit), Condo, Townhome, 2-4 Unit residence, or planned unit development.
Check my eligibility
What states is JG Wentworth’s Cashout available in?

Florida, Michigan, New Jersey, New York, Ohio, Pennsylvania, California, Georgia and Illinois.  We are continuing to expand in other states so stay tuned. 

When do I need to repay JG Wentworth?

After receiving your funds, you have up to 10 years to settle the Cashout. This can happen in two ways:

  • If you sell your home, we will receive our portion of the proceeds from the sale or
  • You can settle the Cashout with other funds—for example, by obtaining a home equity loan, refinancing your mortgage, or using personal savings.

By using some of their 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.

Is a Home Equity Cashout a second mortgage?

No, it’s not a mortgage or loan. In fact, it’s designed to help people who might not qualify for a second mortgage. However, it does create a lien on your property that must be satisfied when you sell or refinance.

1In 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.

Home Equity Cashouts are originated by JGW Residential. LLC (NMLS ID # 2669687 in CO, GA, IL, and WA) NMLS – Consumer Access – Company

A Home Equity Cashout is not a traditional loan and does not require monthly payments. However, it involves a future financial obligation based on the value of your home at the time of sale or another triggering event. Product classification may vary by state, and in some jurisdictions, this agreement may be considered a reverse mortgage or credit obligation. Please consult with a licensed advisor or attorney to understand how this product may be treated under local law. Licenses.

Your entered value is significantly different from our estimate. You can adjust it for accuracy, or continue as is.

Update home value
Keep current value

FYI, this option
requires collateral

This could include items you own such as
Your vehicle
Housing fixtures
Using collateral can boost your approval chances and/or ability to secure a lower APR. Would you like to continue?
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