Point
Home equity investment, plus a HELOC originated with Figure.
Home equity
Point offers a HELOC alongside the investment product. The HELOC is originated through Figure: digital file, initial draw generally fixed and fully funded, redraws later at a prime-based rate. It is a debt product with a monthly payment.
Mortgage refinance
Point does not replace your first mortgage. There is no Point cash-out refinance.
Home equity investment
The home equity investment is the distinctive product. Point pays a lump sum — commonly framed as a share of current value, with advances often in the tens to hundreds of thousands — and records a lien. No monthly payment and no interest accrual. At sale, refinance, buyout, or the end of the term (up to 30 years), Point is repaid its advance plus a contracted share of the change in value. A processing fee, commonly up to 3.9% with a minimum, comes off the advance. You keep title and occupancy.
- HEI is not a loan. The cost shows up as shared appreciation, which can exceed interest if the house runs.
- If the house does not appreciate, the settlement is smaller. Some contracts share a slice of depreciation; read the one you sign.
- The HELOC and the HEI solve different problems. Do not compare the rate on one to the share on the other without a term.
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