What if I don't sell my property before the end of the term?

If you don't want to sell the property, you can choose to do either of the following at ANY time during the term (without penalty):

  • buy out Point based on the appraised fair-market-value of the home at that time 
  • 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

If you don't sell or pursue any of the other options mentioned above before the end of the term then you must repay Point when the end of the term is reached. In this scenario, the homeowner repays Point based on the appraised fair-market-value of the property at that time (i.e. at the end of the term).

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