How is a Home Equity Investment different from a home loan or HELOC?
A Home Equity Investment (HEI) is a little different from a home loan or HELOC.
- There are no monthly payments with an HEI.
- If you have had a hard time qualifying for other equity products, it may be easier to qualify for a Point investment.
- Since repayment is tied to your home value, if your home depreciates, your repayment may be smaller.