Are there really no monthly payments with a Home Equity Investment?
Our HEI has no monthly payments. You have up to 30 years to repay Point in a single lump sum. (Unless you have an existing agreement that specifies a 10-year term). Repay when you choose, there are no prepayment penalties.
Most homeowners repay through:
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Selling their home
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Refinancing (like a HELOC or cash-out refi)
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Another source of funds
This flexibility makes it a great option for homeowners who need cash but don't want the pressure of additional monthly payments.