1) There are no monthly payments with an HEI.

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2) If you have had a hard time qualifying for other equity products, it may be easier to qualify for a Point investment.

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3) Since repayment is tied to your home value, if your home depreciates, your buyback cost may be smaller.

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4) It’s equity financing for homeowners! Finally, you can take advantage of an option that businesses have been using to finance their growth for years.

Prequalifying online is fast and easy and can be done in under 60 seconds.
Once approved, homeowners can close in as little as three weeks. The closing timeline is dependent on homeowner responsiveness, mortgage payments being up to date, appraiser timelines, and other debt obligations associated with the property being met for the previous 90 days.

When you repay Point, you will need to pay back the original investment amount plus a predetermined percentage of your home’s appreciation. Point also deducts fees from the original amount received, covering a home appraisal, escrow, and Point’s processing costs. There is no fee for applying.

After your application goes through an initial review, we’ll arrange an independent, third-party evaluation of your home. The initial value, from which appreciation is calculated will be risk-adjusted to arrive at the appreciation starting value. This adjustment is a protection for Point.

Quickly see if Point’s Home Equity Investment may be a good fit for your situation by visiting home.point.com - it takes just a minute to see how much home equity you could unlock.

Homeowners pay Point back with the proceeds from a refinance, home sale, HELOC/home equity loan, or another source of funds.

Often, homeowners who aren’t a good fit for a traditional home equity product use Point to stabilize and improve their financial situation. Down the line, they’re then in a better position to obtain traditional financing. Point works with every customer we fund to ensure they have a viable exit strategy.

We never want to foreclose on a homeowner, and it’s not in our interest financially, so we perform a lot of due diligence upfront to ensure the partnership is a successful one. Similar to traditional mortgage loans, Point can only initiate foreclosure if a homeowner is in default of the agreement. We will always work with you to prevent default and notify you in advance before taking any actions.

You can repay your Home Equity Investment at any time that works best for you during the life of your 30-year term. There are no prepayment penalties, and we will work with you to make a plan for paying back your HEI at the right time for you.