What is the agreement I sign with Point?

The agreement you sign is called a real estate option agreement. It’s a binding legal contract between you and Point that gives us the option to share in your home’s future change in value.

In plain terms, you're agreeing to receive a lump sum of cash now, and in exchange, Point will be entitled to a portion of your home’s appreciation when you sell, refinance, or decide you want to repay. You have up to 30 years to do so. (Unless you have an existing agreement that specifies a 10-year term.) The terms of the agreement are finalized during closing and remain in place until you repay the HEI.

The agreement:

• Is recorded against your property (though you remain the owner).

• Outlines your and Point’s rights and responsibilities for the life of the investment.