Unison Mortgage Corp., a Unison company, has launched its Equity Sharing Home Loan in Oregon, which enables homeowners to receive cash the same day at below-market rates.
Unison also recently announced that global investment firm Carlyle has agreed to purchase up to $300 million of equity sharing home loans from Unison.
The Unison Equity Sharing Home Loan combines the benefits of home loans and home equity sharing agreements into a unique mortgage solution that allows homeowners to convert part of their home equity into cash with low monthly payments.
“The U.S. home equity market is $32 trillion; homeowners come to Unison in the hope of leveraging their equity to obtain cash to renovate their homes, or consolidate high-interest debt,” says Ryan Downs, president of Unison, in a release. “We designed the Unison Equity Sharing Home Loan to offer a solution that suits their needs. With lower monthly payments, made possible by shared home appreciation, homeowners can confidently pursue their financial goals with peace of mind.”
