Unison’s Equity Sharing Home Loan combines features of traditional mortgages and home equity investments, providing a hybrid solution that allows homeowners to access equity flexibly.
Ryan Downs, Unison President, emphasized that the new product allows homeowners to pursue financial goals with lower payments, while sharing in home appreciation, enhancing financial peace.
The Equity Sharing Home Loan features a 10-year interest-only term, requires a 680+ FICO score, and offers favorable terms for borrowers with higher credit scores.
Borrowers can repay the loan early without penalties, including initial amounts and deferred interest while benefiting from any appreciated value due to home improvements.
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