When and how is Point paid?

Point is paid when you repay your HEI—usually through the sale of your home, HELOC, cash-out refinance, the use of personal funds, or a Re-Point. Repayment includes the original investment amount plus your share of appreciation, protected by the Homeowner Protection Cap. You have up to 30 years to repay with no prepayment penalties. (Unless you have an existing agreement that specifies a 10-year term.)