Are there really no monthly payments associated with Point?
There are no monthly payments associated with Point. At origination, you will pay a one-time processing fee of 3% and an escrow fee from the amount we invest in your property. You will also pay an appraisal fee directly to the appraisal management company. You will repay Point when you buy/finance Point out, when you sell your home or when the end of the term is reached. One of the main goals we had in creating Point was to create a financial product that did not add to our customers' monthly debt payments. So, there are no monthly payments.