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No. 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 P
by brewdad 10y ago
No. 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.