Point is the only platform to offer homeowners both HELOCs (Home Equity Lines of Credit) and Home Equity Investments (HEIs*). With either solution, you can access up to $500,000 in cash with a seamless online application, and a commitment to homeowner satisfaction.
Compare the features of HEIs and HELOCs below.
With a HEI, Point invests in your home, giving you cash today with no monthly payments. Ideal for homeowners looking for more flexibility, HEIs are a proven way to access your home equity wealth now without the headache of a monthly bill or strict eligibility criteria. With an appreciation sharing structure, you can pay off at any time in the 30 year term.
Point’s HELOC comes with very competitive rates, no fees, a 10 year interest only period, and a quick online application process. If you have excellent credit history and income to support your monthly payments, this loan option may be the the best choice for you.
Point literally changed my life. By partnering with Point, I was able to eliminate my high interest credit cards while actually saving money each month toward my family’s future. The process is very straightforward and simple…this really is a ‘no brainer’.
Charlie from San Mateo
Point was so easy to work with. It was a big weight off my shoulders and a breath of fresh air. It was a great experience. They really came through.
Raju from Novato
I like being self-employed, but loan options tend to be very frustrating because the banks require a lot to qualify. You have all this equity in your house, but maybe you don’t have a good credit score or your debt-to-income is too high. In my case, with Point, I was able to put myself in a position of financial freedom.
Rameil from Burbank
Turn your home into home of your dreams. Use your home equity cash to pay for renovations and home improvements.
Improve your monthly cash-flow by knocking out expensive loan payments and credit card debt with your HEI or HELOC.
Turn your home equity into a wealth generator by buying your next property, funding your business, or making other investments.
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* Point partners with and invests alongside the homeowner in the property. Subject to underwriting approval, Point will pay you an investment payment for the option to purchase a fractional interest in your home. Point charges a processing fee between 3-5% and other third party paid closing costs such as appraisal, escrow, and government fees. The maximum term is 30 years. Point will place a lien on your home to secure performance of the option agreement. There are no monthly payments or interest accrual. Homeowner’s repayment is based on the future appraised value of the subject property at the time of exit.
** Based on Point’s rates as of 07/11/2021. A home equity line of credit is secured by your property and is available only for single-family residence, 2-4 unit owner-occupied, and condominiums, excluding co-op’s, in California. The Annual Percentage Rate (APR) can be as low as 3.25% for the most qualified applicants and will be higher for other applicants, depending on credit profile. For example, a borrower with a CLTV of 50% and a credit score of 800 would receive an APR of 3.25%. The APR is a variable rate that is indexed to the Prime Rate as published in The Wall Street Journal plus a margin. The margin is determined based on credit history, loan amount, property usage, and combined loan-to-value (CLTV) ratio. The floor rate is 3.25%, and the maximum APR is 18%. The variable rate will not increase more than 2% annually. Your initial draw is required to be 100% of your line of credit up to $50,000. No application, early termination, and annual fees. Closing costs may vary based on the line amount, property location, title insurance required, and appraisal fees. Property insurance is required as a condition of the loan and flood insurance may be required if your property is located in a flood zone.
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