EP. 6 - Access home equity using a NonQM HELOC or HELOAN

If you own a home or investment property, there is a good chance you are sitting on equity you do not even realize you can access. Many homeowners and real estate investors assume equity can only be used through a traditional refinance, but that is not always the best option.

In this episode, Ryan Marks breaks down HELOCs and HELOANs, how they work, and how self employed borrowers and investors can access equity without refinancing their existing mortgage. We explain the difference between a home equity line of credit and a home equity loan, how payments are structured, and when each option makes the most sense.

This episode also covers how Non QM equity programs allow borrowers to qualify using bank statements, DSCR, or alternative income documentation, making it possible to tap into equity even if you do not qualify under traditional lending guidelines.

Whether you are looking to consolidate debt, fund renovations, purchase another property, or access cash for business or investment purposes, this episode explains how to unlock equity while keeping your long term financing strategy intact.

In This Episode:

• What a HELOC is and how a home equity line of credit works
 • What a HELOAN is and how it differs from a HELOC
 • How to access equity without tax returns or traditional income documentation
 • When to use a HELOC versus a HELOAN
 • Accessing equity without refinancing your first mortgage
 • How self employed borrowers qualify using Non QM programs
 • Using bank statements or DSCR to qualify for equity products
 • Common use cases including renovations, investments, and debt consolidation
 • Risks and considerations when tapping into home equity

Tools and Resources

Visit https://www.seimortgage.com
for equity calculators, Non QM program guides, and resources for self employed borrowers and real estate investors.

DISCLAIMER - Ryan Marks is a Licensed Mortgage Loan Originator (NMLS #519138) operating under The Turkey Foundation, Inc. (NMLS #236669), an Equal Housing Lender. Ryan conducts mortgage origination under his DBA, The Everyday Lending Group. SEI Mortgage is an educational brand only. It is not a mortgage lender, does not issue pre-approvals or loan estimates, and does not extend credit in any form. All information provided in this podcast is for educational and informational purposes only. Nothing in this episode should be interpreted as: Legal advice, financial advice, tax advice, real estate advice, a commitment to lend, an offer, quote, or guarantee of loan terms. Loan guidelines, program availability, rates, underwriting rules, and qualification methods - especially for Non-QM mortgage programs can change at any time and may vary by lender, investor, market conditions, and state regulations. Examples given are hypothetical and may not reflect actual terms available to any borrower. Listeners should independently verify all calculations, assumptions, and program details with qualified professionals. Always consult with a licensed mortgage lender, real estate agent, CPA, financial advisor, or attorney before making decisions related to home financing, investing, or credit. This podcast is not affiliated with, endorsed by, or acting on behalf of Fannie Mae, Freddie Mac, FHA, VA, HUD, or any government agency. No government agency has reviewed or approved the content of this recording. The Turkey Foundation, Inc. 1805 E Garry Ave, Santa Ana, CA 92705 Equal Housing Lender