Home equity is one of the biggest, most underused assets most investors have. It’s sitting there, tied up in the walls of a property, while cash-out refinances take weeks and traditional home equity lines of credit (HELOCs) come with paperwork, appraisals, and closing costs that can make the whole process feel like more trouble than it’s worth.
That’s the gap Aven is trying to close. BiggerPockets is excited to welcome Aven as our newest Pro perk partner, and the timing makes sense: More investors are looking for ways to access capital without taking on a new mortgage or waiting weeks for funds to hit their account.
What Aven Actually Is
Aven’s core product is a credit card backed by a home equity line of credit. In practice, that means you get a card you can use anywhere, for anything, but the credit line behind it is secured by your home’s equity rather than your credit history alone. Because the line is secured, Aven can typically offer rates well below what you’d find on a traditional, unsecured credit card.
For homeowners, that opens up a few practical use cases:
- Consolidating higher-interest debt onto a lower rate
- Funding a renovation or repair without pulling cash out of a deal
- Covering a large expense without applying for a separate loan
- Having a flexible credit line on hand for whatever comes up
The application process is designed to be fast and mostly online, which is a meaningful shift from the multi-week timelines that have historically come with home equity products.
Why This Matters For Real Estate Investors
Investors tend to have more of their net worth tied up in property than the average homeowner, which also means they have more equity sitting idle. A tool that makes that equity easier to access, without refinancing a low-rate mortgage or taking on a second loan with a lengthy approval process, is worth understanding, even if you don’t use it right away.
That doesn’t mean a HELOC-backed credit card is the right fit for every situation. Like any credit product secured by your home, it’s worth understanding the terms, the variable rate structure common to HELOCs, and how it fits into your overall financial picture before applying. But for investors who want more flexibility with the equity they’ve already built, it’s a tool worth having in the toolbox.
The Pro Perk
Here’s where the partnership gets interesting for BiggerPockets Pro members specifically: If you apply and get approved for the Aven card, Aven will give you a $400 statement credit when you spend $400, the same amount as an annual Pro membership.
It’s one of a growing number of Pro Perks we’ve added because our members told us they wanted more than education and tools. They wanted partnerships that put real money back in their pockets.
Worth a Look
Aven joins the lineup of Pro Perks built to help members put their real estate investments to work in more ways than one. If a lower-rate, home equity-backed line of credit is something you’ve been curious about, this is a straightforward way to see what you qualify for.
Click here to see if you qualify for the Aven card.
Terms and conditions apply. Approval for the Aven card is subject to Aven’s underwriting criteria, and statement credit terms are set by Aven. Review the full offer details before applying.
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