A New Way to Access the Equity in Your HomeUnison HomeOwner: How it Works

What We Do

Unison helps you free up cash by tapping into your home’s equity-
Without any of the downsides associated with traditional lenders.

What We Do

We created a smart alternative to traditional credit that lets you convert existing equity in your home to cash. Unlike a loan, with Unison there are no monthly payments or interest. We’re able to do this by buying an optionWhat’s an option contract? It’s a complicated financial instrument, but for our purposes, it essentially
prevents us from being treated like debt –
which is what allows us not to charge you monthly
payments and an interest rate. Want to know more? We cover this in depth here.
to purchase the equity in your home (up to 17.5%), and when you eventually sell your home, you send us a predetermined portion of your home’s appreciated value, plus the initial payment amount we gave you.

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How it Works

Here’s a quick look at the lifecycle of the program.

What We Do

Step One

When we begin working together, we give you a cash payment. Unison then has the future right to a percentage of the appreciation of your home. Choosing to receive less money from us today means the Investor Percentage will be lower. And choosing to receive more money means the Investor Percentage will be higher. We’ll let you know what you qualify for, but from there it’s really up to you to decide how much to accept. The choice ultimately depends on what you need financially and where your comfort level is with the Investor Percentage.

What We Do

Step Two

Once you receive your payment, you’re free to do whatever you want: Fund a remodeling project, pay for tuition, start a business, etc. Until you sell (or 30 years pass), there won’t be much interaction with us, unless you need us. All you need to do during that time is keep your home in good repair and stay current on your mortgage, real estate taxes, insurance, etc. You’re still the owner of the home, so all the advantages of owning are completely yours, including any tax advantages.

What We Do

Step Three

When you sell your home (or 30 years passes) your agreement with Unison ends. This is when you’ll send us a payment equal to our initial payment, plus (or minus) our portion of the change in your home’s value. Check out how it works

If you’re sitting there wondering if there’s a catch, there isn’t.

So, how do we survive if we’re waiting upwards of 30 years for our investments to come back?
Are we just really patient people? Actually, yes. Our investors are big institutions
(think university endowment funds, pension funds, etc.) who require a mix of long and short-term investments.
They look to us for long term investments.

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How We Stack Up

See how we compare to other home equity products out there.

Guidelines

You already know there are a lot of financing options out there. And you also probably know many of them aren’t always that great for all homeowners. We noticed that too, which is why we created HomeOwner. So if you’re wondering how we stack up against more traditional financing, here’s a quick breakdown:

UNISION

Unison HomeOwner

Unison HomeOwner

With us, there are no interest rates or monthly payments. In addition, you control the length of the term by deciding when to sell your home, including the ability to buy us out after three years (more on this later). This gives you the flexibility to do what’s best for your family (Note: There is a maximum term of 30 years).

Unison HomeOwner

Unison HomeOwner

We only get a portion of future appreciation. All of the home equity you have when we start working together remains yours; we just convert a portion of it to cash for you.

OTHER LENDERS

Home Equity Loans

Home Equity Loans

(also called home equity lines of credit)
These provide access to cash, but require monthly payments, often over a short ten‐year term. Another downside is that a lot of these have a variable interest rate, which can end up costing you a lot more than you budgeted. Not ideal (unless you’re the bank).

Reverse Mortgages

Reverse Mortgages

This is a type of loan based on your home equity. However, with reverse mortgages your home’s equity typically decreases over time. That means over a period of time, a reverse mortgage can actually consume 100% of your home equity, leaving you with a big financial loss. On top of that, it’s difficult to qualify due to age and debt restrictions. All situations that are not ideal.

Note: There is a one time time transaction fee equaling 3.9% of the cash proceeds due to Unison at HomeOwner Agreement closing. This fee covers all processing and third-party costs from appraisal and home inspection to titles, state taxes, and settlement costs.

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Once we did get on board with the Unison program, I realized I was going to be able to pay off my debt… and have extra money to do remodeling with.

Find more videos and testimonials direct from our clients to see how our programs helped them out.

How Much Can I Get?

So you know you can extract the equity sitting in your home,
here’s where you go to decide how much you want.

Breakdown

Breakdown
Your Home’s Value

This is the first consideration when determining how much you’re eligible to receive. Simply put, the more your home is worth, the more cash we’re able to provide. The less it’s worth, the less we can provide.

Breakdown
The Percentage of Your Home’s Value + Payment

We can provide a payment to you for up to 17.5% of your home’s value (“Percentage of Home Value”) today. So if your house is worth $500,000 we can, for example, multiply that by 10% to arrive at a payment of $50,000 if that’s what you need.

Breakdown
The Investor Percentage

This is what determines how much of your home’s appreciated value is paid to us later, and it is tied to how much money you receive. In a typical HomeOwner deal, the Investor Percentage is calculated by multiplying the percentage of your home’s value you receiving today, by four. So if you receive 10% of your home’s value today, the Investor Percentage is likely going to be 40%. Choosing to receive less money from us will result in a lower Investor Percentage, and obviously receiving more money from us will result in a higher Investor Percentage. Regardless, our minimum Investor Percentage is 20% and our maximum is 70%.

The maximum amount of money you can receive from Unison
(“The Unison Investment Payment”)
is around $500,000 or 17.5% of your home’s value, whichever is higher.

Your Cash Payment & The Investor Percentage

Breakdown
Check out a few scenarios to see how your home’s value
and the amount of money you receive affect the Investor Percentage.

Is your home currently worth:

Breakdown If your home is worth: Breakdown Percentage of home value: Breakdown Would give you a payment of: Breakdown And require an Investor Percentage of:
$250,000 17.5% $43,750 70%
12.5% $31,250 50%
7.5% $18,750 30%
5% $12,500 20%

Please note: The numbers in the tables are for a client with average/above average credit, whose Unison HomeOwner Agreement is made on their primary residence, and whose home is typical of other homes in the neighbourhood. In situations where a client has below-average credit or otherwise differs, the money offered may be lower and/or the Unison Investment Percentage higher. Your Program Specialist will discuss your specific transaction terms with you.

Breakdown

Once you receive your payment, you’re free to do whatever you want
Fund a remodeling project, pay for tuition, start a business, etc. Until you sell (or 30 years pass), there won’t be much interaction with us, unless you need us. All you need to do during that time is keep your home in good repair and stay current on your mortgage, real estate taxes, insurance, etc. You’re still the owner of the home, so all the advantages of owning are completely yours, including any tax advantages.

When you sell your home (or 30 years passes) your agreement with Unison ends. This is when you’ll send us a payment equal to our initial payment, plus (or minus) our portion of the change in your home’s value.

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Remember when we mentioned the option contract?
Now that you know more about the payment structure,
the details of the option contract will make more sense.

How Do I Get Started?

The process is easy… follow these steps to get started today

Breakdown

We are working tirelessly to make sure our process is streamlined, digital, and quick. There are steps we include because we care that you are educated, prepared, and sure our program is right for you. Follow these steps and gain access to your home equity in as few 15 days:

Breakdown

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Now let’s take a closer look:

We want you to make the best decision for you and your family. And while we do our best to explain everything, we highly recommend you carefully review the Unison HomeOwner Agreement, the Unison Legal Documents, and other materials available online. It’s a good idea to do this with family members, as well as with your legal and financial advisors. In fact, we advise you to do so. Your program specialist will be happy to provide you with all the documents necessary.

It takes just minutes to see how Unison can help you. Start today!

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