How Point's Home Equity Investment (HEI) 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 might be right for you if...
You want cash without a monthly payment
I was looking for a HELOC, but the monthly payments were high because interest rates had gone up. I was wondering how I could get around that when I came across a Point ad. The money from Point allowed me to clean up old debt, clean up the yard, and have a little extra left over to do things around the house that needed to be done. Point is a wonderful alternative.
Thousand Oaks, CA
You have trouble qualifying for traditional equity products
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. I’m always keeping my eye out for possible real estate investments. That was a motivation—to be able to have access to that equity rather than have it just sit there and do nothing for me. In my case, with Point, I was able to put myself in a position of financial freedom. Point was that connector that connected me from point A to point B.
Burbank, CA
You'd like to start a small business
I used the equity Point freed up for me to buy a couple cars in Guatemala and start my own taxi business. It’s feeding me an extra $600 per month. Plus, I now have substantial backup reserves in the bank, all my debt is gone, and my credit score jumped 70 points. My financial situation was a little complicated, but Point was really understanding and easy to work with.
Revere, MA
You have high-interest debt
A few years after the recession I lost a job I’d been at for 20 years, so we used credit cards to fill the gap. You make the minimum payments but you’re not able to really pay down the debt. Next thing you know, you’re in trouble again. There was a point in time when I told my husband, we can’t keep living this way, we’ve got to find a solution, and if the solution meant selling our house...well he just was not ready to sell the house at that time. Point solved two problems. We got to stay in our home, so he got what he wanted, and I got the debt relief that I was looking for.
Issaquah, WA
You want to improve your home
My wife and I were looking for funds to renovate our kitchen, bathrooms, and yard. But we didn’t want to add to our debt load or have an extra monthly payment. Point provided the cash we needed to upgrade our house, which will increase its value and our equity. As a bonus, because we knocked out some debt with the funds, my base credit score jumped 27 points within a month of closing. This program was the alternative that had all of the right terms for me.
Danville, CA
You want cash without a monthly payment
I was looking for a HELOC, but the monthly payments were high because interest rates had gone up. I was wondering how I could get around that when I came across a Point ad. The money from Point allowed me to clean up old debt, clean up the yard, and have a little extra left over to do things around the house that needed to be done. Point is a wonderful alternative.
Thousand Oaks, CA
You have high-interest debt
A few years after the recession I lost a job I’d been at for 20 years, so we used credit cards to fill the gap. You make the minimum payments but you’re not able to really pay down the debt. Next thing you know, you’re in trouble again. There was a point in time when I told my husband, we can’t keep living this way, we’ve got to find a solution, and if the solution meant selling our house...well he just was not ready to sell the house at that time. Point solved two problems. We got to stay in our home, so he got what he wanted, and I got the debt relief that I was looking for.
Issaquah, WA
You have trouble qualifying for traditional equity products
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. I’m always keeping my eye out for possible real estate investments. That was a motivation—to be able to have access to that equity rather than have it just sit there and do nothing for me. In my case, with Point, I was able to put myself in a position of financial freedom. Point was that connector that connected me from point A to point B.
Burbank, CA
You want to improve your home
My wife and I were looking for funds to renovate our kitchen, bathrooms, and yard. But we didn’t want to add to our debt load or have an extra monthly payment. Point provided the cash we needed to upgrade our house, which will increase its value and our equity. As a bonus, because we knocked out some debt with the funds, my base credit score jumped 27 points within a month of closing. This program was the alternative that had all of the right terms for me.
Danville, CA
You'd like to start a small business
I used the equity Point freed up for me to buy a couple cars in Guatemala and start my own taxi business. It’s feeding me an extra $600 per month. Plus, I now have substantial backup reserves in the bank, all my debt is gone, and my credit score jumped 70 points. My financial situation was a little complicated, but Point was really understanding and easy to work with.
Revere, MA
The Home Equity Investment Process
See if your home qualifies and get an estimate.
Have all your questions answered on a call with one of our home equity experts.
Fill out an online application and upload required documents.
Schedule a home visit with an independent, third-party appraiser to set your initial home value.
Receive your funds.
Sell your home or buy back your equity anytime within 30 years.
After Point I’m back on track and gaining financial strength. I’ve been able to pay off some larger bills, re-establish my 401k contributions, set up an IRA, and set up a traditional savings account for any rainy day emergencies.
Issaquah, WA
Frequently Asked Questions
How do I know I can trust Point?
At Point, we care deeply about our customers—we take customer education seriously and strive for full transparency in our process. That’s why the Center for Financial Services Innovation, America’s leading non-profit focused on consumer financial health, recognized Point with the prestigious 2017 Finlab award. Featured in The Wall Street Journal, Forbes, and The Atlantic, and with an A+ rating from the Better Business Bureau, Point has helped homeowners across the country unlock their home equity.
What are the advantages of Point over a home equity line of credit, refinance, or home equity loan?
1) There are no monthly payments with Point. 2) If you have had a hard time qualifying for other equity products, it may be easier to qualify for a Point investment. 3) Since repayment is tied to your home value, if your home depreciates, your buyback cost will be smaller. 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.
How much does Point cost?
When you repay Point, you will need to pay back the original investment amount plus a predetermined percentage of your home’s appreciation, usually between 25-40%. Check out our Pricing page to understand what this might mean across different scenarios of home appreciation. Point also deducts fees from the original amount received, covering a home appraisal, escrow, and Point’s time to arrange the transaction. See more details here. There is no fee for applying.
How is my home’s initial value determined?
After your application goes through an initial review, we’ll arrange for a third-party independent appraiser to come to your home for an on-site evaluation. The initial value, from which appreciation is calculated, is usually adjusted to be 75-80% of this appraised value. This adjustment is a protection for Point, in case your home depreciates. (In return, as a protection for the homeowner, we cap your repayment so that you never have to pay above a certain amount if your home value increases greatly.)
How do homeowners qualify?
Quickly see if Point may be a good fit for your situation by visiting home.point.com - it takes just a minute to see how much you could qualify for. When deciding whether to make an investment or not, Point will review your credit history, income, home value and equity, and your plan for repayment.
Can I pay back Point without selling my home?
Yes, many customers pay Point back with the proceeds from a refinance, HELOC, or home equity loan. 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 which they can use to knock out Point. Point works with every customer we fund to ensure they have a viable exit strategy.
Is Point going to try and foreclose on me?
We never want to foreclose on a customer, 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. Since our arrangement with the homeowner is a partnership, Point only does well when the homeowner does well. Point is a team of problem solvers passionate about fixing the housing affordability crisis. Nonprofits like the Center for Financial Services Innovation vouch for us, as do some of the most well-respected technology investors in Silicon Valley.
