Unison, home co-ownership investment
Unison offers home buyers and owners in 31 states and Washington, D.C. the option of selling some of the future appreciation in their houses. In exchange for 10% of a home’s purchase price, Unison and its institutional investors take 33% of the appreciation when the house is sold. A Unison HomeOwner Agreement enables a homeowner to convert a portion of their home equity into cash. It provides the homeowner with a lump sum of cash today, in exchange for a percentage of the change in the home’s value (17.5% to 70%) in the future. This means there is no interest charge or monthly payments to be made.
Advantages of the Unison HomeOwner program:
- Avoid upfront costs
- No monthly payments
- It’s flexible
- Up to 30 years to use the money