How does a Re-Point work?
A Re-Point is a new Home Equity Investment (HEI) on your existing funded property. It pays off your current HEI with Point, while providing you with additional funds to use however you'd like.
A Re-Point is subject to prequalification and underwriting eligibility requirements, just like your initial investment.
For example, if you've already received $50,000, but want $20,000 more sometime during your term, we can appraise, underwrite, and fund your property for the new investment amount, written in a new option agreement.
Re-Point HEIs can be repaid anytime up to 30 years.