Cornerstone Financing, creator of CHEIFS (Cornerstone Home Equity Insurance/Investment Funding Solutions), on Wednesday announced the launch of Prime HEI.

The wholesale program allows mortgage brokers to offer homeowners access to home equity without debt, monthly payments or interest.

CHEIFS, which is Cornerstone’s prime, non-debt home equity funding solution, was originally built for financial advisors to help fund retirement, insurance and investment strategies, but demand from the mortgage broker community led the company to expand distribution through Prime HEI.

Unlike HELOCs, closed-end seconds and reverse mortgages, which carry monthly payment obligations or upfront costs, CHEIFS provides a fractional equity investment, allowing homeowners details ⇒

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