Get up to $500K with no monthly payments, ever!
Have you ever wanted a new way to unlock your home equity? That’s a Home Equity Investment (HEI) from Point. We offer equity financing for homeowners. We pay you today for a share of your home’s future appreciation. There are no monthly payments; you have the flexibility to buy Point out or sell the home at any time; costs are capped so that if your home appreciates in value a lot, you don’t give up too much of the gains. We do well when you do well. Now, that’s quite revolutionary.
Property Geographic Areas
Point is available to homeowners in select areas of California, Washington, Oregon, Colorado, New Jersey, Massachusetts, Virginia, Washington DC, Florida, New York, Maryland, Pennsylvania, Illinois, Michigan, Minnesota, Arizona, North Carolina, and Ohio.
How it Works
- Gain early access to your home equity
Point will invest in a slice of your home equity, paying you cash today. You can get $25,000-$500,000, depending on your home value and the amount of equity you own. Point is not added to the title of your property.
- Free yourself from monthly payments
Since Point is investing in your home, there are no monthly payments, ever. In fact, homeowners who use a Home Equity Investment (HEI) to pay down their existing debts increase their monthly cash flow by an average of $1,413.
- Keep enjoying your home
You maintain control over your home and continue to live in it.
- Eliminate debt and build a safety net
You can use your unlocked equity for whatever you need, such as paying down debt, an unexpected expense, fixing up your home, or an investment opportunity.
- Repay when it’s convenient
You can buy back your equity any time during the 30-year term, typically via a refinance, home loan, or sale. There is no pre-payment penalty.
- Repay in proportion to your wealth
When you exit the contract, your buyback cost will depend on your home value—the cost will be the amount originally received plus a portion of your home’s appreciation since partnering.
- If your home has appreciated past a certain threshold, your cost will be capped.
- If your home has depreciated, your buyback cost will be smaller.
Point’s Process for Home Equity Investments
- See if your home qualifies and get an estimate.
Answer a few questions here to get instant pre-approval or denial, and see how much you could get. This takes under a minute, is free, and will not affect your credit.
- Have all your questions answered on a call with one of our home equity experts.
We take customer education seriously—we want everyone we partner with to understand how equity sharing works. This is your opportunity to ask us anything!
- Fill out an online application and upload required documents.
If you’ve applied for a mortgage, you’ll be familiar with this part, though our customers tell us our process is easier. The information you provide here will help us understand your situation better and possibly improve on our offer.
- Schedule a home visit with an independent, third-party appraiser to set your initial home value.
If we decide to invest in your home, we’ll need to determine your starting home value, from which to calculate appreciation. To ensure the process is fair, we work with third-party appraisers that we are unaffiliated with. After the appraisal is complete, we’ll finalize our offer to you.
- Receive your funds.
We’ll send a notary to you wherever you are to sign closing documents and then electronically transfer the funds to your bank account. A 3-5% transaction fee, an appraisal fee, and an escrow fee will be deducted from your funds. We’ll file a record of the transaction with your county recorder’s office.
- Sell your home or buy back your equity anytime within 30 years.
If you sell your home, Point is automatically paid from escrow. Customers who aren’t ready to sell typically acquire the funds to repay Point via a refinance or home equity loan. See our Pricing page to estimate how much Point might cost.
Point was founded because of our own frustrations with homeownership in Silicon Valley and beyond.
From failed efforts to refinance our homes to being “beaten” out from buying a home repeatedly in the San Francisco Bay Area, we have experienced first hand the failings of a system skewed by debt financing.
Point was founded in 2014 by Eddie Lim, Eoin Matthews and Alex Rampell.