What happens if the homeowner dies?

In the event of a homeowner’s death, Point’s contract is assumable and continues with the co-owner or the estate. Death doesn’t trigger an acceleration of the homeowner’s agreement with Point and cause repayment to come due. The heir of the estate has the same term to pay Point back as the original homeowner through a sale, refinance or another source of funds. We will request that once the vesting changes, your heirs sign an assumption agreement to confirm their understanding of Point’s contract. Whether they agree to the assumption agreement or not, the heir of the estate has the same term to pay Point back as the original homeowner through a sale, refinance or another source of funds.