4 ms·
Do you need to pay rent to Point for that 10%?
by MrPatan 10y ago
Do you need to pay rent to Point for that 10%?
- brewdad 10y agoNo. But play around with their calculator and some realistic numbers. You can easily end up paying a huge effective APR for the cash you gain today. Assuming Point is smart about the homeowners they choose to fund, this ends up being a bad deal for anyone creditworthy enough to qualify in the first place.
- Finnucane 10y agoIf you've got equity and decent credit, most banks right now will give you a HELOC at pretty low interest rates. Which makes you wonder if this is going to be more for the subprime market.