Overview

Point Mortgage offers homeowners a chance to get cash upfront, without taking out a loan or making monthly payments. The Point home equity investment program works like this: Homeowners give Point shares in their home’s future appreciation. In exchange, Point provides upfront cash. It’s an investment, not a loan, so you won’t have any monthly payments.

If you own a home and need extra money, consider working with Point. Point Mortgage can give homeowners $25k to $500k in cash. Customers can use their funds as they wish, whether to pay off other bills, complete a personal purchase, or finally make those home renovations. The loan has no income requirements. Even those with less than average credit scores could still qualify, as Point has flexible credit requirements of only 500+.

Overall, customers give positive reviews of Point Mortgage. They love their helpful online resources and tools. Point mortgage agents are on standby to answer any questions and ease the closing process. Best of all, a home equity investment program has more flexibility than traditional loans, giving homeowners access to the cash they need.

Types of Loans/Products

Despite the name, Point’s home equity investment loans aren’t actual loans at all. Instead, it functions as an investment opportunity to exchange for cash. This modern product allows a lender to share in the future appreciation of your home’s value for cash upfront. Instead of repaying a loan, you’ll settle your investment when you sell your home or if you choose to buy out your investment once the investment term ends.

Eligibility Process

Point mortgage has flexible eligibility requirements

• Requires home ownership
• No income requirements
• Flexible credit requirements of 500+

To get started, head to the Point website. By entering your home address, you can get an instant idea of your offer. You can also reach customer service directly through live chat or by phone at (888) 764-6823.

Those who don’t own a home yet should still consider Point’s SEED investment loans. Although not currently available, in the future the SEED loan will help assist prospective buyers in buying a home. They provide funds for a downpayment of 20% or higher in exchange for a portion of your home’s future appreciation.

Fees & Rates

With Point’s home equity investment loan, homeowners give their property’s future appreciation in exchange for cash upfront. Not a loan, but a shared investment, means that you don’t have to repay the money in the traditional sense of a loan. Instead, you repay the money through those future earnings on your home value appreciation. Alternatively, customers can buy out Point at any time within a 30-year term with no penalty.

Repayment Terms

When it comes to Point mortgage, customers don’t actually borrow money. Therefore, they don’t need to worry about future monthly repayments. Instead, Point invests in the future value of your home. So, you’ll have the option to buy out their investment at the end of the 30-year loan term. Alternatively, you can settle the investment upon selling your home.

Customer Support

Point Headquarters

444 High Street, Fl 4

Palo Alto, CA 94301

Servicing: (650) 632-5040

Fax: (650) 434-3778

General inquiries: (888) 764-6823

If you need to reach support, customer service is available through phone and live chat. Customers looking to educate themselves can access free information available on the Poiint Mortgage website. Blog articles and research online help you improve financial literacy and make better decisions about your money. Online calculators and tools make it easy to understand your budget, repayment, and interest for your loan options.

So, what do customers have to say about their experience with Point Mortgage? One customer reported, “The banks required a lot more to qualify for their loans. Point came in and said, here’s an option for you.” In general, customers love the efficiency of the lending process, which usually only takes a few weeks to close. Others mentioned Point’s friendly customer service agents that make the entire process straightforward and easy.