6 Ways To Get Cash Quickly

There are all types of reasons why you might need cash in hand as soon as possible. Perhaps you want to fund your next vacation or make improvements to your home that increase its value. Maybe money is a tighter than usual and you need cash to help cover expenses for a little while.

Whatever the case, it’s important to avoid potential scams. Here are six legitimate ways to get your hands on a large amount of cash quickly!

1. Get Fast Cash with a Personal Loan

A personal loan is a type of unsecured debt that you borrow from a lender and pay back over time via monthly installments. The higher the loan’s interest rate, the more you’re likely to pay for the loan, so it’s important to shop around for the best interest rate.

An online loan marketplace like Credible allows you to find and compare multiple personal loan rates from top lenders in one place. Just fill out Credible’s simple form and you will receive real rates without impacting your credit score.

Credible has loans up to $100,000 — more than enough cash for most people. Once you find a loan you like, apply, and are approved, you’ll receive your funds swiftly.

The first step is to check your rates with Credible today. The company is so confident in their rates that they will even give you $200 if you find a better rate elsewhere (terms apply).

2. Turn Your Home Equity into a Huge Chunk of Cash

Have you paid a decent amount of money into your home? If so, you may be able to access that amount in cash by getting a home equity loan. This is a type of secured loan that uses your home as collateral, so you’re often able to get a better interest rate than many other loans.

Lending Tree is an online marketplace that makes it easy to check your home equity loan rates. Simply answer a few questions about your home and this company will show you multiple offers from top lenders in one place.

When you see an offer you like, simply apply for that loan. If approved, you’ll receive your loan amount in one lump sum. Just be sure to make your payment each month.

To get started, answer a few simple questions about your home and check out the offers LendingTree has for you!

3. Get Up to $500K in Cash without Taking Out a Loan

To access the equity you have built up in your home, consider home equity sharing. This is an agreement through which an investor gives you a lump sum payment in exchange for a percentage of your home’s appreciation when it comes time to sell. The best part? There is no loan involved, which means no debt, no monthly payments, and no interest fees.

Unison is a home equity sharing company that could give you up to $500,000 or 17.5% of your home’s value in cash. Share with Unison in your home’s appreciation when you sell your home up to 30 years later or settle early without selling your home.

Plus, you can get an estimate in seconds without impacting your credit. If you like the offer, fill out an application and set up an appraisal with Unison. Shortly after, you’ll choose how much cash you would like to access and get your funds distributed quickly.

Get your quick estimate from Unison now and find out how much money you could have in hand!

4. Sell Your Home for Cold, Hard Cash (without a Real Estate Agent)

Looking to move? Skip the traditional home selling process—the waiting for offers, the home showings, and the negotiations—and sell to a home buying company that will put cash in your hand instead.

Offerpad is a company that will give you a real cash offer for your home within 24 hours—without you needing to get a real estate or open your home up for showings. If you like the offer, simply accept it and schedule your closing date within 60 days.

What’s more, Offerpad will let you stay up to three days later and even give you a free local move to your next home within 50 miles.

To get started, take Offerpad’s three-minute questionnaire and get a real cash estimate for your home. Keep in mind that Offerpad is only available in metro areas of Alabama, Arizona, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Tennessee, and Texas.

5. Borrow Money from Your Own 401(k)

Rather than borrowing money from a third-party, why not borrow from yourself? If you have a 401(k) account through your employer, you could get a 401(k) loan that gives you access to these retirement funds. One of the benefits of this kind of loan is that you’re able to avoid credit checks and income requirements.

While you are technically borrowing from yourself, keep in mind that 401(k) loans still have terms and interest rates like most other loans. The only difference is that the interest you pay goes into your 401(k) account as the loan is repaid.

Depending on the plan, you can withdraw up to $50,000 or 50% of your funds (whichever amount is smaller), and the IRS gives you five years to pay back the loan. If you are using the money to buy your home, however, you may have even more time.

6. Get Access to Cash Over a Long Period with a HELOC

Not sure how much cash you need or when you might need it? Consider a home equity line of credit (HELOC). This is a type of loan that allows you draw money up to a certain amount based on the equity you have built up in your home.

A HELOC is a secured loan, meaning you are drawing against your home equity and listing your home as collateral. For this reason, you can often get a better interest rate than many other loans and lines of credit.

The best part is that you only need to pay back the money that you draw and use. After you pay it back, you can draw more money from that account down the road.