What if I want to rent out my property?
You don't have to live in your property to use Point. You can rent out your home any time you'd like! However, there is some additional wear and tear associated with renters. Because of this, there is usually a difference in pricing between a rental property and a primary residence.
If you rent out a home that you were living in at the start of your Point agreement, you'll need to pay a small Rental Premium. The Rental Premium is due at payoff, and it's typically 10% of Point's share of appreciation. For example, where a property that is owner-occupied might see the homeowner share 20% of the appreciation with Point, the same property with a Rental Premium applied will see the homeowner share 22% of the appreciation with Point.