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EasyKnock

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49 User Reviews

7.0

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EasyKnock’s Sell & Stay product offers an alternative method of accessing home value to traditional home equity lines of credits (HELOCs) and reverse mortgages — without all the challenges associated to qualify. Qualifying requirements are more lenient compared to a traditional HELOC or home equity loan, making it a great option for homeowners that have a low credit score.

Its unique sale-leaseback program makes it easy for homeowners to pocket their home equity while still living in their home. Current homeowners sell their home to EasyKnock in exchange for cashing out on their home's equity and remaining in their house as renters. EasyKnock makes it easy for homeowners to quickly gain financial freedom in a unique way.

Check out EasyKnock's profile below for a more detailed look into the company, or skip down to the EasyKnock reviews below.

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The Good

  • Revolutionary Sale-Leaseback Program
  • Eliminate The Rush To Move
  • Quick Closing Time
  • Great EasyKnock Reviews

Revolutionary Sale-Leaseback Program

EasyKnock’s Sell & Stay program is designed for people who own single-family homes who are looking to tap into their home equity (receive it in cash) but who also aren't quite ready to move out of their home. It is an excellent option for independent contractors, freelancers, and those with bad credit history since the credit score is not as important and there is no W-2 requirement. 

The Sell & Stay program is primarily a residential sale-leaseback program. With Sell & Stay, homeowners sell their home to EasyKnock and homeowners can continue to live in their house by paying monthly rent. By selling your house you can quickly recover your home's equity in the form of cash. You can then use your home's equity to pay off debt, fund college, start a business or whatever you like while still remaining in your current home. There is no other company that has this sort of program, EasyKnock offers the only Sell & Stay program for residential homeowners.

How it works:

  • Upon approval, EasyKnock will determine the funding amount, rental price, and a repurchase price (amounts and prices can be negotiated). Like the majority of lease terms, EasyKnock’s is 12 months — but it can be renewed for up to five years. If you decide to stay and lease your home, you'll only have to pay rent, EasyKnock will take care of property taxes and homeowners insurance. The company prides itself on its flexibility and allows customers to buy back their homes or move anytime throughout the lease. 
  • Consumers should be aware that EasyKnock will send an inspector out to check out their property for any maintenance issues and will order a title report. Once that is done, customers will receive the equity — in cash — upon closing. 
  • Those who decide to repurchase their home will have to pay the previously agreed-upon repurchase price. Those who choose to move will have their home put on the market (by EasyKnock). Once the house sells, consumers leave and receive the Sellout Value.

Eliminate The Rush To Move

The MoveAbility program is a great option for those who plan on purchasing a new home but don’t want to worry about having to buy and sell simultaneously. Currently, the program is available to people selling single-family homes, condos, and apartments. 

MoveAbility allows homeowners to get cash for their home quickly but waits until the customer is ready to sell. Once the customer is ready, EasyKnock will help them find a realtor to list the home at full market value. 

Those who choose to stay in their home will have to pay rent,  plus the initial lease term is only six months. However, consumers can renew twice — a total lease term of 18 months — but after that, the home has to be put on the market. 

The MoveAbility program is great for people looking for a bit of flexibility while they look for their dream home — it’s also an excellent option for those who don’t qualify for a bridge loan. 

Keep in mind that the MoveAbility program is not for those who want to buy back their home, as homeowners do not have that option. 

Quick Closing Time

Those in need of immediate cash will be relieved to hear that EasyKnock typically can close on a home in under two weeks. Banks and lenders often take around 40 days. EasyKnock will be able to give up to 70% of the home's value upfront—a huge bonus if you are needing to tap into your home equity quickly.

This money can be used to pay off debts or fund personal needs. Current homeowners that are stretched by their current mortgage payments and homeowners expenses can find peace in the fact that they can recoup a large amount of equity in the form of cash.

Great EasyKnock Reviews

EasyKnock is a great HELOC option that many customers are satisfied with. Out of about 50 of its customer reviews—

  • There are no one-star reviews
  • Over 60% of the reviews are five-star
  • It has received a 4.5/5 star rating from its customer reviews for the quality of product or service, customer service, and company trustworthiness

Most of the positive customer reviews talk about how EasyKnock is quick and flexible to work with any sort of circumstances that borrowers faced. For example, a recent customer named Jonathan said,

"I had a lot of equity but a low credit score so nobody would write me a mortgage. It was pretty easy and went very well. They answered every question that I had."

The negative reviews shared a common theme pointing out that occasionally the process could get a bit confusing, but typically issues were sorted out promptly and the overwhelming majority highlighted the ease of the home equity line of credit process.

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The Bad

  • No Longer a Homeowner

No Longer a Homeowner

While home equity loans or refinance loans allow consumers to maintain ownership of their home, working with EasyKnock means homeowners will become renters (and have to pay rent). If a renter stays in the home for more than 12 months, the rent will increase by the higher amount of 2.5 percent or CPI annually.

For those looking to maintain homeownership and desire a more traditional home loan then it will be wise for some borrowers to look into other options.

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The Bottom Line

A relatively new company, EasyKnock, is an excellent option for those who want access to their home equity but don’t qualify to refinance their mortgage. If you have low income or a low credit score and are wanting to access money quickly, this sale leaseback program is a great option for you. The company offers innovative solutions to help you reach your financial goals, beyond just homeownership, and is transparent about the entire process. Site visitors will find the company’s website to be packed with information that is easy to understand and digest. 

However, homeowners might not be happy that they’ll have to become renters in a home they once owned and some might find themselves frustrated with increasing rent prices. 

We recommend that consumers contact the company for more information and perhaps look over your agreement with an attorney to ensure EasyKnock is right for you.

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Star Rating

4.5

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49 Reviews

Review Breakdown

5 grade

61%

4 grade

33%

3 grade

2%

2 grade

4%

1 grade

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Verified Customer

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Thomas

Everything was easily done online. They were able to to take the time to talk to me and tell me how to send in my paperwork and everything. All I recommend is that you have all your paperwork together before you call so that you don't take too long.

1 year ago

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Verified Customer

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Al Morgan

I chose them because of the ease of the process. Every aspect was explained to me. Each time I've reached out with any questions, hiccups or anything has happened I've gotten a response promptly and eventually we've got it rectified, solved or answered. Just great people.

1 year ago

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Verified Customer

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Peggy

Everything is going smoothly and haven't had any hiccups. They have always been there. They've been able to answer my questions, put me at ease and if I wasn't able to speak to them they got back to me within twenty four hours. They did not ever leave me hanging.

1 year ago

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Verified Customer

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David

They are so friendly and do anything they can to aid you in the process of your loan. Everything was done very timely and any questions I had were easily takin care of and answered and they made the whole process smooth. It was the right fit for the time that we needed it and just wonderful people to work with.

1 year ago

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Verified Customer

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Marc Reno, NV

They are able to be very flexible to get things done. Their customer support is a little disconnected. They don't always have the fastest response or give me the correct response. I'd like to see them send out hard documents instead of relying on email but other then that they are an excellent company.

1 year ago

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Verified Customer

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Dennis San Antonio, TX

It was an easy process, they were really quick. You don't really worry about going through credit and all that kind of stuff they just make sure that your house is within the parameters they were looking for and then everything went really quick and easy. Anytime you are talking with them or dealing with them they're really quick to respond and answer your questions appropriately.

1 year ago

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Verified Customer

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Kevin Craig

So far the whole experience has been great,, I am in process of re-purchasing my home on the 26th of this month. Fingers crossed it goes as smoothly as everything has so far. If so, I will have a glowing review for EasyKnock

1 year ago

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Verified Customer

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anonymous Ocala, FL

I chose them because they had what I needed. It's always hard to get ahold of someone. Other than that everything's good. They were nice people to work with and they tried to explain everything so I can understand it and I thought it was a pretty good experience.

1 year ago

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Verified Customer

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Deanna Salser

I had to pay all of the fees, pay for all the testing and all the taxes. Once would have been fine but I had to pay them when i sold my house to them and then again when they sold it. I lost out on over $20,000 because of this. It was there but in small print and uppity can bet they didn't point it out to me ahead of signing the contract. I felt that was duplicitous.

1 year ago

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John

I needed extra money for health care for my partner. Everything went pretty well. The process of going through inspections and such took a little long. They did really well at keeping me informed.

1 year ago

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Verified Customer

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Chris

They were financially the right move at the time. It was pretty easy it was all done over the phone. The only thing is there was too many different people I had to talk to that got confusing.

1 year ago

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Verified Customer

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Jonathan

I had a lot of equity but low credit scores so nobody would wright me a mortgage. It was pretty easy and went very well. They answered every question I had.

1 year ago

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Verified Customer

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Timothy Fort Worth, TX

It was the best financial decision and the easiest on boarding process. They really have a good team. They are very responsive when you have questions.

1 year ago

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Verified Customer

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Brooks and Janice Kessler Wyandotte, MI

Helped us when no one else did. Need money send didn't want to leave our home. Thanks for everything you did for our family.

1 year ago

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Verified Customer

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Antoinette

I chose it because the other banks wouldn't let me get the equity because of my credit. They answered all my questions. Everything went smoothly.

1 year ago

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Verified Customer

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Max

It's a good alternative for people who don't have a whole lot of options. It was easy and straightforward. We did have an issue and customer service dealt with it quickly.

1 year ago

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Verified Customer

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Ramona Pettry Matthews, NC

They were helpful, easy to work with, and fast with getting all information to us for a quick process.

1 year ago

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Verified Customer

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Laurie Smith

This company is definitely customer driven. I've never had a better experience with anyone in this field.

1 year ago

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Verified Customer

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John

They ended up buying my house. There wasn't a lot of red tape. They're not real good about calling me back.

1 year ago

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Verified Customer

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Luis

Its convenient and I'm glad I did it. They've always been there for me. They expedited everything in a timely manner.

1 year ago

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Verified Customer

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Sheresa Byrns

Great informative service! Help provided when other means were practically impossible.

1 year ago

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Verified Customer

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Barbara

It was easy and convenient and then took care of me and explained everything to me.

1 year ago

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Andrew

They were easy to deal with and they were fair. There's someone there to help you when you need.

1 year ago

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Verified Customer

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Debbie

Their program works for my circumstances. So far I've been happy with them and what they've been doing.

1 year ago

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Verified Customer

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Eric

The people that I have dealt with have been friendly and nice. They were really good and it went smoothly.

1 year ago

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Verified Customer

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Kathyn Canton, GA

I'm very satisfied. It was an easy process. Sometimes when you call it is hard to get to the right person.

1 year ago

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Verified Customer

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Anonymous Chester, VA

I don't think it was fair to take ownership of my home for a home equity line. Then record it saying you purchased it for 396k

1 year ago

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Verified Customer

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Wendi Greer, SC

Easy knock was there for our family when we needed help quickly.

1 year ago

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Verified Customer

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Jennifer Horst

Fast and efficient. There was some confusion about the amount of money I was getting at closing

1 year ago

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Verified Customer

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Erika

Using Easy Knock for my home equity loan was easy and convenient.

1 year ago

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Verified Customer

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Olufisayo Humble, TX

They were honest, easy, and professional. Everything was done timely.

1 year ago

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Verified Customer

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Michelle Farmer Douglasville, GA

They were very responsive and made the process easy

1 year ago

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Verified Customer

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Robert E Kinison Euclid, OH

Easy to deal with They return phone calls and emails

1 year ago

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Verified Customer

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Audrey Koop Ballwin, MO

They helped me stay in my home when I had no other options

1 year ago

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Blake Sweat

They were easy to work with and very quick with the process

1 year ago

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Alexander Kogan

Good company, very good service No delays very professional people

1 year ago

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Sharon Palmer

Great way to keep my home but not be overwhelmed with taxes.

1 year ago

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Debbie

Easy to do business with and contact representatives as needed.

1 year ago

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Verified Customer

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Blair Hershey

Easy to work with and are very professional

1 year ago

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Verified Customer

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DyAnne Awe

Lexi was FANTASTIC in customer service and help

1 year ago

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Verified Customer

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R Sitzman

Compared to traditional home equity loans, Easy Knock has been very helpful.

1 year ago

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Verified Customer

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Ebony O'Neal

The process was quick, easy and fool proof.

1 year ago

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Verified Customer

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Tanyanika

Easy Knock gives awesome support - they are very fast.

1 year ago

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Verified Customer

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Paul

Someone at the company is always available.

1 year ago

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Verified Customer

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Jose

They are always available and willing to help.

1 year ago

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Verified Customer

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Jonathon Schuh Kansas City, MO

They are great at getting the process done fast

1 year ago

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Verified Customer

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Kristin Garlick

Easy to work with, but there are mix ups.

1 year ago

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Tara

They were helpful and the process was easy.

1 year ago

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Verified Customer

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Donald San Antonio, TX

Not as good communication as really needed.

1 year ago

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