When and how is Point paid?

Every Point Homeowner Agreement comes with a 10-year term. Point is repaid when any of the following happens (the homeowner can do these at any time during the term without penalty):

  • the homeowner chooses to buy out Point based on the appraised fair-market-value of the home at that time 
  • the homeowner chooses to finance out Point with a HELOC, home equity loan or reverse mortgage based on the appraised fair-market-value of the home at that time
  • the homeowner sells the home; in which case, Point is paid directly from escrow
  • the end of the term is reached; in which case, the homeowner repays Point based on the appraised fair-market-value of the home at the end of the term.

To model out different repayment scenarios, please visit the  Point Homeowner Calculator.

Still need help? Contact Us Contact Us