I just got off a call from an account manager... even if you are in desperate straits, try somewhere else. This guy couldnt give me a straight answer on who pays for the appraisal. He start4ed out with "you dont" then in the same breathe told me that is is subtracted out of the investment... that is double speak for the homeowner is paying for it. He could NOT give me a straight answer until i grilled him about it. then his scenario - $85k at 3 years to buy back the loan would cost me $147,000 in just 3 years. They are taking 58% of the total equity becasue you have owned the property all these years as he explained it. Not just the equity of 3 year accumulation on your property. But you have owned the property all these years and they trick you by using current day value which already includes the equity your property has gained! RUN!
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Point Digital Finance helps homeowners access the wealth locked up in their home equity with a new type of financial product called a home equity investment.
