What's the application process for a Home Equity Investment?
The application process for a Home Equity Investment (HEI) includes three main steps:
Get your initial offer and apply
Start by answering a few simple questions online. We’ll run a soft credit pull to determine if you prequalify—this won’t impact your credit. If you’re eligible, you’ll receive an initial offer. To move forward, you’ll complete a full application, upload required documents, and authorize a hard credit pull.
Complete a home valuation and title review
Next, Point will coordinate a home valuation to help confirm your property’s current value. We’ll also complete a title review to ensure the property is eligible and free of any issues that could affect the investment. If necessary, we can work with you to help resolve title issues identified during the review.
Sign and receive your funds
Once everything is approved, you’ll sign your closing documents in person with a notary. After the required waiting period, your funds are typically sent via wire or check.