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UNLOCK YOUR HOME EQUITY WITH A HOME CO-INVESTMENT

March 20th, 8:20 AM EDT
Sponsored: Advertising Content


(NewsUSA) - Owning a home is a huge investment, and once they've owned long
enough to build up equity, many homeowners opt to leverage the equity for other
uses. But if you're on the fence about taking on another monthly loan payment,
an option that may be right for you is co-investing.

With a home equity loan, you borrow against the equity in your home and receive
a lump sum of money that you have to pay back each month over a specified term -
commonly 15 years. The interest rate is usually fixed, but is typically higher
than your primary mortgage.

Co-investing offers an alternative to traditional home equity loans. In a
nutshell, the co-investing company pays the homeowner an upfront amount, with no
repayments for a set number of years, or until the home is sold, whichever comes
first. There may also be an option to buy the company out, after a minimum
restriction period passes. This option can be ideal for a homeowner who wants
access to cash without the added financial burden of monthly loan payments, who
has lived in a home long enough to build up some equity, and plans to stay at
least another five years.

Unison, a San-Francisco-based real estate company, is a leader in the growing
field of co-investment. Unison offers homeowners a cash payment of up to 17.5
percent of their home's current market value. When the house is sold or 30 years
pass, the owner pays Unison an amount equal to the initial co-investment, plus
(or minus) a percentage of the home's appreciated (or depreciated) value.

Here's an example: A homeowner whose home is currently worth $500,000 and who
needed $25,000 in cash (5 percent of the home's value) would repay an amount
equal to $25,000 plus 25 percent* of the amount the house appreciates in value
during the time of the co-investment. With a larger co-investment, the company
receives a larger share of the appreciation in value.

Homeowners can use their cash for anything, but Unison recommends something of
long-term value, such as kids' college tuition, medical expenses, home
remodeling, or investing in diverse stocks and bonds.

Other benefits of co-investing: Keeping gains from remodeling work and keeping
the equity built from prompt mortgage payments.

Being a good candidate for homeowner co-investing is not so different from being
a good homeowner generally. Unison requires that homeowners keep the home as
their primary residence; stay current on payments for mortgages, property tax,
and homeowners' insurance; keep the home well-maintained to retain and increase
value; and keep Unison informed of issues, such as remodeling plans or
emergencies, such as natural disasters, bankruptcy, or plans to sell the home.

To find out how Unison can help you get the most out of homeownership, visit
unison.com.



*This is a possible percentage for illustrative purposes. The actual percentage
varies based on the specific HomeOwner transaction.



Information contained on this page is provided by an independent third-party
content provider. Frankly and this Site make no warranties or representations in
connection therewith. If you are affiliated with this page and have questions or
removal requests please contact pressreleases@franklymedia.com




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