Unison is an investment company that provides homeowners money in exchange for a portion of their home’s future value. This company was started in 2006 and currently serves in around 28 states and Washington D.C. Unison is among one of the many companies that provide home equity sharing agreements.
How Does Unison Work:
Unison is considered a co-investor. They purchase up to 17.5% of your home’s current value and give you that amount of cash. They retain a percentage of your home’s value, so if your house appreciates, then Unison stands to earn more. So, if the value of your house decreases, then Unison will lose out too.
Your agreement with Unison is settled by either buying them out or selling your house and giving the portion of your house proceeds before the 30-year term ends. Refinancing can also be an option.
How Unison Decides How Much to Invest:
The amount that you will receive depends on the appraised value of your house, mortgage balance, and other financial factors, including credit score and income. Unison says that they evaluate both the homeowners and property before investment.
Unison pays from $30,000 to $500,000. The maximum amount is 17.5% of the value of your house.
How to Access Unison Home Equity Offer with Mail Offer:
If you have received a mail offer, then you can follow these steps to getting started:
- Firstly, you need to click on this link www.unison.com/mail-offer.
- You have to provide your offer code in the given space and click on the Submit button.
- After that, you can simply follow the on-screen guideline to get started with the Unison.
How Can You Use the Funds of Unison:
There are several reasons why many homeowners would consider the offer from Unison. These are some ideas if you are curious:
- Home renovation
- Pay off debt
- Start a business
- Make a large purchase
- Down payment.
Also Read: Access your SouthWest WiFi Connect Account
Pros and Cons of Unison Home Equity Shared Agreement:
There are some advantages and disadvantages of sharing your home equity with Unison.
- It has no monthly payment or interest
- You will get large payment amounts
- There are no restrictions where you can spend your funds
- Unison shares in the depreciation if your home value decreases
- You may lose out on a significant amount of appreciation
- You will be charged several third-party fees
- Unison is not available in every state
- You cannot buy its position in the first 5 years.
Unison Contact Info:
For the general queries, you can reach out to their contact page www.unison.com/contact/other.