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adus-for-elderly

Discover how Accessory Dwelling Units (ADUs) offer independence, comfort, and peace of mind for aging parents. Learn about design tips, benefits, and how Unison's Equity Sharing Home Loan can help you finance your ADU.

ADUs for Aging Parents: Accessible & Comfortable Living Solutions | Unison Home Equity

home-equity-large-purchase-options

Need to fund a major purchase? Compare HELOCs and home equity loans for large expenses like education, medical bills, or starting a business – and see which loan fits your goals.

HELOC vs. Home Equity Loan for Big Expenses: What’s Right for You?

Contact us today to learn more about how Unison can help you access your home equity with lower monthly payments, flexible terms, and competitive rates.

what-to-know-about-property-liens

Demystify home liens. Learn about common types like mortgage, tax, and mechanic's liens, how they affect you, and practical steps to remove them to protect your home and finances.

Understanding Home Liens: Types, Impact, and Removal

Invest in your future with a Unison Equity Sharing Home Loan and enjoy the peace of mind that comes with lower monthly payments.

home-equity-long-term-financial-goals

Learn how to use your home equity to meet major long-term goals — from paying off debt to funding retirement, education, business growth, or your next home.

Home Equity for the Win: 5 Smart Long-Term Financial Goals It Can Help You Achieve

equity-sharing-to-help-kids-buy

Learn how Unison’s Equity Sharing Home Loan lets parents access equity to help adult children with a down payment — with lower monthly payments and shared appreciation.

How to Use an Equity Sharing Home Loan to Help Your Adult Child Buy a Home | Unison Home Equity

renovation-capital-improvement-adjustment

Considering home improvements? Unison's Equity Sharing Home Loan offers a unique solution with low payments and a Capital Improvement Adjustment, so you keep all the value you add through eligible renovations.

Renovate Smarter: Unison's Equity Sharing Home Loan with Capital Improvement Adjustment

Partner with Unison and let us help you achieve your financial goals using your home's equity.

what-is-a-personal-loan

Learn about personal loans, including how they work, secured vs. unsecured options, application requirements, and key considerations for borrowing responsibly.

What is a Personal Loan? Your Guide to Borrowing & Repayment | Unison Home Equity

diy-home-improvement-projects

Boost your home's value with these easy DIY upgrades. Discover 5 home improvement projects that don’t require a contractor and are well-worth the effort.

Easy Home Improvements That Add Value (Without Hiring a Pro) | Unison Home Equity

person reaching their hand out from a pile of money

debt-consolidation-loan-options

Looking to consolidate high-interest debt? Compare HELOCs and home equity loans to see which borrowing option fits your budget, goals, and financial strategy.

HELOC vs. Home Equity Loan for Debt Consolidation: What’s Best? | Unison Home Equity

home-renovation-loan-options

Planning a home renovation? Compare HELOCs, home equity loans, equity-sharing, and more to find the right financing fit for your project size and budget.

Best Loans for Home Renovation: HELOC vs. Equity Loan vs. More | Unison Home Equity

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What Is a Second Mortgage — and Why Do People Get One?

Learn what a second mortgage is, why homeowners use them, and how they can be a smart financial tool – when used responsibly.

What Is a Second Mortgage — and Why Do People Get One? | Unison Equity Sharing

A low debt-to-income ratio doesn’t always mean a high credit score. Learn why that happens, how it affects loans, and what you can do to improve your financial profile.

Can-I-Have-A-Good-DTI-but-Low-FICO-Score

Can You Have a Good DTI but Low Credit Score? Here’s What to Know | Unison Home Equity

Loan-to-Value-ratio

Unlock better loan terms! Discover how your Loan-to-Value (LTV) ratio affects interest rates, PMI, and eligibility for mortgages and other loans.

What is LTV? | Unison Home Equity

Summer Home Maintenance: This Season's Steps to Protect Your Best Investment

Stay ahead this summer with seasonal home maintenance tips to protect your home, boost efficiency, and avoid costly repairs.

Summer Home Maintenance: This Season's Steps to Protect Your Best Investment | Unison Home Equity

More Than Just Payments: How Your Home Value Grows

Mortgage payments are only part of the story. Learn how home value grows through equity, market trends, and smart improvements – even in today's changing economy.

More Than Just Payments: How Your Home Equity Grows | Unison Home Equity Solutions

a person closely examining tax documents with a magnifying glass

10 Commonly Overlooked Tax Breaks and Deductions You Might Be Missing

Don't miss out on valuable tax savings. Discover 10 commonly overlooked tax breaks and deductions – including homeowner, education, and retirement benefits.

10 Commonly Overlooked Tax Breaks and Deductions You Might Be Missing | Unison Home Equity Sharing

What Are Property Taxes For?

Learn what property taxes are for, how they're assessed, and why they’re essential to funding schools, public services, and your community's quality of life.

What Are Property Taxes For? How They Work and Why They Matter | Unison Home Equity Sharing

What Is DTI? Understanding Your Debt-to-Income Ratio

Faced with unpredictable rates in 2025? Learn how to lock in a good deal, refinance fast, and protect yourself from interest rate hikes with these smart borrowing tips.

What Is DTI? Understanding Your Debt-to-Income Ratio | Unison Equity Sharing

piggy bank broken with a hammer next to it

Equity-Sharing Home Loans vs. HELOCs: Building an Emergency Fund

Building an emergency fund? There are a few ways you can do it with your home equity. Compare an equity-sharing home loan vs. a home equity line of credit (HELOC) today.

Equity-Sharing Home Loans vs. HELOCs: Building an Emergency Fund | Unison Equity Sharing

Tips for Building a Budget and Creating Better Spending Habits

Learn how to create a budget, explore popular budgeting methods, and develop smarter spending habits to improve your financial well-being.

Tips for Building a Budget and Creating Better Spending Habits | Unison Equity Sharing

person putting work gloves on before doing home maintenance

Maintain Now, Save Later: 10 Home Maintenance Tips That Can Prevent Costly Repairs

Avoid costly home repairs with these simple maintenance tips. Catch small issues early and save money by staying ahead of preventable damage.

Maintain Now, Save Later: 10 Home Maintenance Tips That Can Prevent Costly Repairs | Unison Equity Sharing

Frustrated person, hand on their forehead looking down. 

How to Get Out of Medical Debt

Struggling with medical bills? Learn how to reduce or manage medical debt with proven strategies, from negotiating bills and budgeting tips, to asset-based options like home equity.

How to Get Out of Medical Debt: Smart Strategies to Reduce What You Owe | Unison Equity Sharing

retirement-savings

Wondering how much to save for retirement? Learn realistic savings goals by income level, plus practical tips to plan for retirement – no matter where you're starting.

How Much Should I Save for Retirement? A Realistic Guide for Any Income | Unison Equity Sharing

image of tax document, glasses, a pen and calculator

Why Do We Pay Both Federal and State Taxes?

Curious about the difference between state and federal taxes? Learn why we pay both, what they fund, and what to expect when filing your tax return each year.

State vs. Federal Taxes: What’s the Difference – And Why We Pay Both | Unison Equity Sharing

How Long Will it Take to Do My Taxes?

Wondering how long it’ll take to file your taxes? Learn what affects the time it takes, from tax prep methods to complexity, and how to make next season easier.

How Long Will It Take to Do Your Taxes? What to Expect Based on Your Situation | Unison Equity Sharing

Explore the Unison difference and discover how our Equity Sharing Home Loans can empower your financial freedom.

SURVEY: Hidden Costs of Early 401(k) Withdrawals and Alternatives

Survey: Hidden costs of early 401(k) withdrawals and alternatives. Learn how homeowners are using home equity for financial security amidst economic shifts. Protect your retirement now.

SURVEY: Hidden Costs of Early 401(k) Withdrawals and Alternatives | Unison Home Equity

Should You Use a Home Equity Loan in 2025’s Volatile Market?

Explore how fixed-rate home equity loans offer stability, flexibility, and lower costs during market volatility – and learn if tapping into equity is right for you.

Should You Use a Home Equity Loan in 2025’s Volatile Market? | Unison Home Equity Loans

Building with Wall St sign in front of it

How Market Volatility Impacts Borrowers in 2025 – And How To Stay Ahead | Unison Home Equity Loans

Wondering how market volatility affects borrowing in 2025? Learn how shifting rates, tighter lending, and housing market changes impact loans – and what you can do to stay on track.

Your bathroom is more than just a functional space—it's a personal retreat, a place to unwind and recharge. In 2025, bathroom design beautifully blends luxury with functionality, creating a spa-like experience right at home. Whether you dream of a sleek, modern oasis or a warm, nature-inspired sanctuary, the right upgrades will transform your space into the ultimate escape.<br><br>
The possibilities are endless and exciting! Your bathroom renovation journey opens doors to a world of relaxation and rejuvenation that awaits you each day. With thoughtful design choices, your bathroom will become a sanctuary that reflects your personal style while providing the perfect start and end to every day.<br><br>
Imagine stepping into your newly transformed space, feeling instantly calmed by the ambiance you've created. This isn't just a renovation—it's an investment in your daily wellbeing and home value. The bathroom of your dreams isn't just possible—it's within reach and ready to become your favorite room in the house!<br><br>
<h2>The Spa Experience at Home</h2>
One of the biggest trends in bathroom design is the integration of spa-like features that promote relaxation and well-being. Consider adding:<br><br>
<ul>
<li><b>Luxury walk-in showers:</b> Frameless glass enclosures, rainfall showerheads, and built-in steam functions for a true at-home spa.
<li><b>Soaking tubs:</b> Freestanding bathtubs remain a staple for ultimate relaxation, especially when paired with natural stone or wood accents.
<li><b>Smart bathroom technology:</b> Heated floors, touchless faucets, and customizable ambient lighting create a seamless, comfortable experience.
</ul>
<br><br>

<h2>Aesthetic Meets Functionality</h2>
Bathrooms in 2025 embrace both beauty and practicality. Some of the most sought-after elements include:<br><br>
<ul>
<li><b>Earthy and organic materials:</b> Stone, wood, and natural textures bring warmth and a sense of tranquility to the space.<br><br>

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<li><b>Bold yet calming color palettes:</b> Muted greens, soft blues, and warm neutrals create a peaceful, nature-inspired atmosphere.<br><br>

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<li><b>Floating vanities and sleek storage:</b> Minimalist design with hidden storage solutions keeps the space clutter-free and serene.<br><br>

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</ul><br><br>
<h2>Financing Your Dream Bathroom with Unison’s Equity Sharing Home Loan</h2>

Renovating your bathroom into a luxurious retreat doesn’t have to be financially stressful. With Unison’s Equity Sharing Home Loan, homeowners can access the funds needed for high-end upgrades while keeping monthly payments lower than traditional financing options. This 10-year, interest-only second mortgage allows you to invest in your home’s value while maintaining financial flexibility, thanks to a shared appreciation component.<br><br>

Plus, with Unison’s Capital Improvement Adjustment, any increase in home value due to renovations is excluded from the shared appreciation calculation. That means when you enhance your sanctuary bathroom, you reap the full benefits of your investment.
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Transform your bathroom into the spa retreat you deserve—without compromising your budget. Learn more about how Unison can help you finance your home upgrades today!


picture of bathroom with tub in the middle

Did you know your home can finance your sanctuary bathroom?

Did you know your home can finance your sanctuary bathroom? Your bathroom is more than just a functional space—it's a personal retreat, a place to unwind and recharge.

Did you know your home can finance your sanctuary bathroom? | Unison

In recent years, an alarming trend has emerged across several states: major insurance companies are pulling out of entire markets. From Florida's hurricane-prone coastlines to California's wildfire-vulnerable regions, insurers are reassessing risk and, in many cases, deciding to withdraw completely.<br><br>

If you've received notice that your homeowners insurance provider is leaving your state, you're likely feeling a mix of anxiety and uncertainty. Here's what you need to know and the steps you can take to protect your home and financial security.<br><br>

<h2>Understanding Why Insurers Are Leaving</h2>

Insurance companies operate on risk assessment, and climate change has dramatically altered the calculation in many regions:<br><br>

<b>Increasing natural disasters:</b> More frequent and severe hurricanes, wildfires, floods, and storms mean more claims.<br><br>

<b>Rising rebuilding costs:</b> Construction and material costs have soared, making claims more expensive.<br><br>

<b>Reinsurance challenges:</b> Insurance companies buy their own insurance (reinsurance), which has become more expensive or unavailable in high-risk areas.<br><br>

These factors have led many insurers to conclude that certain markets are no longer profitable, leaving homeowners scrambling for alternatives.<br><br>

<h2>Immediate Steps to Take</h2>
If you've received notice that your insurer is departing, here's what to do:<br><br>
<ol>
  <li><b>Don't Panic, But Act Quickly</b><br>
Your insurer is required to give you advance notice before cancellation. Start researching new insurance options right away. Waiting until the last minute could leave you with fewer choices and higher premiums.

  <li><b>Understand Your Timeline</b><br>
Note the exact date your coverage ends and any instructions about final payments or refunds.
</ol><br><br>
<h3><b>Finding New Coverage Options</b></h3><br><br>
<ol>

  <li><b>Contact Multiple Private Insurers</b><br>
Even if many companies are leaving your state, others may still offer coverage. Contact at least 3-5 insurers or work with an independent insurance agent who represents multiple companies.

  <li><b>Look Into Your State's FAIR Plan</b><br>
Most states offer Fair Access to Insurance Requirements (FAIR) plans – last-resort coverage for homeowners who can't find insurance on the private market. While typically more expensive with more limited coverage, FAIR plans ensure you have basic protection.

  <li><b>Consider Surplus Lines Insurers</b><br>
Surplus lines carriers specialize in higher-risk properties and may offer coverage when standard insurers won't. Be aware that these policies often come with higher premiums and aren't backed by state guaranty funds.

  <li><b>Explore Insurance Pools or Associations</b><br>
Some states have created special insurance pools or associations to provide coverage in high-risk areas. For example, Florida has Citizens Property Insurance Corporation, and California has the California FAIR Plan.
</ol><br><br>

<h2>Making Yourself More Insurable</h2>
While shopping for new coverage, take steps to make your property more attractive to insurers:<br><br>
<ol>

  <h3> <li><b>Invest in Mitigation Measures</b></h3><br><br>

In hurricane-prone areas: Install storm shutters, reinforce your roof, or upgrade to impact-resistant windows.<br>
In wildfire regions: Create defensible space around your home, use fire-resistant materials, and clear vegetation from your roof and gutters.<br>
In flood zones: Consider elevating utilities or installing flood vents.<br>

Many states offer grants or tax incentives for these improvements.

  <li><h3><b>Improve Your Home's Overall Condition</b></h3><br><br>
Fix any existing issues like leaky roofs, outdated electrical systems, or plumbing problems that might concern insurers.

  <li><h3><b>Consider Bundling Policies</b></h3><br><br>
Some insurers may be more willing to take on home insurance if you also bring your auto, life, or other policies to them.
</ol><br><br>

While finding new coverage options, consider VIU by HUB. As a digital insurance brokerage platform, VIU provides personalized access to multiple insurance carriers through one simplified application process. Their insurance advisors specialize in navigating challenging markets like Florida and California, offering expert guidance on available options, potential coverage gaps, and premium-saving opportunities. VIU's technology-enabled marketplace allows homeowners to compare quotes from multiple providers simultaneously, potentially identifying specialty or surplus lines carriers willing to write policies in high-risk areas. Most importantly, their advisors understand the unique challenges facing homeowners in disaster-prone regions and can recommend appropriate mitigation strategies that may improve insurability and reduce costs during this stressful transition.<br><br>

Give the VIU by HUB Advisory Team a call at (833) 431-0352 , Monday through Friday from 8 a.m. to 9 p.m. Eastern. <br><br><br><br><br><br><br><br>

<i>The content on this page provides general consumer information. It is not legal, financial, or insurance advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</i>


Unison provides alternatives to the traditional ways of accessing home equity like HELOCs, reverse mortgages, and second mortgages. 

What Can I Do if My Homeowners Insurance Provider Leaves the State? 

In recent years, an alarming trend has emerged across several states: major insurance companies are pulling out of entire markets. Here's what to do if it happens to you.

What Can I Do if My Homeowners Insurance Provider Leaves the State? | Unison Home Equity Sharing

Many homeowners are struggling to find good ways to use their home's value. Old-style loans are too hard to manage. They come with big monthly bills and strict rules that make it tough for families to have financial freedom.  <br><br>

Imagine a new way to get money from your home. It's called the shared appreciation model. Here's how it works: When your home's value goes up over time, you share some of that extra value with the lender. In return, they give you lower monthly payments and a better interest rate.<br><br>

Think of it like this: If your home is worth $300,000 today and becomes worth $400,000 later, you and the lender would split the $100,000 increase. This means you get money now, and the lender gets a part of your home's future value growth.<br><br>

Unison’s Equity Sharing Home Loan follows the shared appreciation model. The amount you share at the end of the loan is based on how much you borrow—usually 1.5 times the percentage of funds you receive. For example, if you borrow 10% of your home’s current value, Unison will receive 15% of the future appreciation (10 x 1.5 = 15). Please note that with the Equity Sharing Home Loan, Unison does not share in any loss of value. <br><br>

Unison built the Equity Sharing Home Loan to align with the needs of modern homeowners. In addition to the shared appreciation component, the 10-year loan features fixed interest-only payments, which are partially-deferred in order to even further lower the monthly obligation. With improved cashflow, you can use freed-up funds for other investments, whether you want to undertake home improvement projects, pay off debt, or save for retirement. The Equity Sharing Home Loan is purposely designed so that Unison succeeds only when you succeed! <br><br>
If you want to learn more about Unison’s innovative shared appreciation model and how the Equity Sharing Home Loan can help you maintain control of your financial future, speak to one of our experienced mortgage loan officers today!
<br><br><br><br><br><br>

<i>The content on this page provides general consumer information. It is not legal or financial advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</i>

Find out how much home equity you could get with Unison today

couple toasting their cups of coffee while sitting on the couch.

What is shared appreciation?

Many homeowners are struggling to find good ways to use their home's value. Old-style loans are too hard to manage. Imagine a new way to get money from your home. It's called the shared appreciation model.  Learn more about how it works.

What is Shared Appreciation? | Unison

Credit cards with 0% APR promotions seem like a great deal. Whether you’re shopping for a new credit card, or searching for a mechanism for debt consolidation, the opportunity to save on interest can be tremendously appealing. However, it’s important to perform thorough research whenever you’re considering a decision that will affect your finances, and to consider the big picture. <br><br>

<h2>What is a 0% APR Promotion?</h2>

A 0% APR promotion credit card is a type of credit card that offers a promotional period during which you are not charged any interest on purchases, balance transfers, or sometimes both. This introductory period can last anywhere from a few months to over a year, depending on the card issuer and terms. Once the promotional period ends, the card’s regular annual percentage rate (APR) will apply to any remaining balance or new transactions.
<br><br>

<h2>What are the benefits of a Credit Card with a 0% APR Promotion?</h2>

The biggest benefit to a 0% APR promotion is the obvious one–there is no interest for a certain period, during which you can not only make purchases, but also transfer existing high-interest debt without accruing additional interest charges. This feature can be particularly valuable when making large purchases you plan to pay off over time or when consolidating existing credit card debt to save on interest payments.

<h2> What are the potential risks of a Credit Card with a 0% APR Promotion?</h2>

The most significant risk involved with a 0% APR credit card promotion arrives at the end of the promotional period. Any remaining balance will suddenly–and immediately–begin accruing interest at the card's standard variable rate. Bear in mind: this rate is often higher than average due to the generous promotional offer. Plus, some cards even apply deferred interest retroactively if you haven't paid off the entire balance by the end of the promotional period.
<br><br>
It’s also worth keeping in mind that despite the 0% interest during the introductory period, balance transfer cards typically charge a fee of 3-5% of the transferred amount. So, if you are transferring high interest debt onto such a card, those fees might dramatically eat into your savings. <br><br>

Credit cards with 0% APR promotions can also create a false sense of financial security. The availability of interest-free credit might tempt you to make unnecessary purchases or take on more debt than you can comfortably repay before the promotional period ends–at which point, you might be in for a rude awakening!

<h2>A Debt Consolidation Option with Predictable, Low Monthly Payments</h2>

Although we’re often taught to compare APRs when looking at loans and credit cards, you may actually get a clearer picture of what you are going to pay out of pocket by <a href=”https://www.unison.com/blog/homeownership/APR-vs-monthly-payment”>examining the monthly payments</a>. 

<br><br>With a credit card that has a 0% APR promotion, you will still need to make the minimum payment each month, and continue to chip away at the balance to the best of your ability. It may seem like a race to the end of the introductory period, because at that point, the balance will accumulate interest, and your monthly payment will increase. If you’re trying to consolidate and pay off debt, the introductory period may not be long enough for you to realistically achieve your goal. <br><br>

<a href=”https://unison.com”>Unison</a> designed their Equity Sharing Home Loan specifically to empower homeowners with financial flexibility. Structured with partially-deferred interest and an equity sharing component to keep monthly payments as low as possible, the ten-year, fixed interest-only loan offers homeowners the opportunity to save each month, and use those savings however they wish. When it comes to <a href=”https://www.unison.com/blog/home-equity/unison-equity-sharing-home-loan-vs-debt-management-plan”>debt consolidation</a>, the Equity Sharing Home Loan can be an attractive option for homeowners looking for a more practicable way to increase the reach of their finances and move forward, rather than simply restructuring their debt. There are also no prepayment penalties, ensuring that homeowners maintain financial agency. <br><br>

With Unison, there are no surprises. Enjoy half the monthly payment as <a href=”https://www.unison.com/blog/revolutionize-your-home-equity-access”>compared to traditional equity financing options</a>, and maintain peace of mind in the knowledge that Unison also caps both the annualized return on Unison’s share, as well as all forms of interest. Sounds good? Speak to one of their experienced mortgage lending officers today.


Find out how much equity you could access with Unison

A couple reviewing documents at the table

The Hidden Risks of Credit Cards with 0% APR Promotions

Credit cards with 0% APR promotions seem like a great deal if you're searching for a mechanism for debt consolidation. But there can be some risks, too. This article delves into the details.

The Hidden Risks of Credit Cards with 0% APR Promotions | Unison Home Equity Sharing

<i>by Lauren Rosales-Shepard, Content Writer</i><br><br>

Refinancing a second mortgage can be a strategic move to lower your monthly payments, secure a better interest rate, or adjust the terms of your loan. Whether you’re looking to save money or consolidate debt, understanding the refinancing process is essential to achieving your financial goals. This guide will walk you through the steps to effectively refinance a second mortgage.<br><br>

<h2>Steps to Refinance a Second Mortgage</h2>

<ol>
<li><h3><b>Assess Your Financial Health:</b> </h3>Familiarize yourself with your credit score, your DTI (the lower, the better!), and the amount of equity you have in your home.
<li><h3><b>Set Your Refinancing Goals:</b></h3> What do you want to achieve through refinancing? Clarifying your goals will help guide you in your decision. For example, are you looking to reduce your monthly payments, save on total interest, or switch to a different loan type?
<li><h3><b>Shop Around for Lenders:</b></h3> Not all lenders offer the same terms, so it’s crucial to compare options. It can sometimes be difficult to really get a grasp on how much a loan might cost–look at the <a href=”https://www.unison.com/blog/APR-vs-monthly-payment”>monthly payment</a> for a clearer picture.
<li><h3><b>Gather Your Relevant Documents:</b></h3> You should be prepared to provide proof of income (e.g., pay stubs, tax returns), bank statements, details of your existing mortgage(s), etc.
<li><h3><b>Apply for Refinancing:</b></h3> Submit your application to the chosen lender. During this process, the lender will likely review your credit score and financial history, verify your income and employment status, and also order a home appraisal. 
<li><h3><b>Review Loan Terms Carefully:</b></h3> Once approved, the lender will provide a loan estimate outlining the terms. Scrutinize the document to ensure it meets your goals.
<li><h3><b>Close on the Loan:</b></h3>At closing, you’ll sign the new loan documents and pay any required fees. The new loan will then pay off your existing second mortgage, and you’ll begin making payments on the refinanced loan.
</ol>
<br><br>

<h2>Refinancing a Second Mortgage with a Unison Equity Sharing Home Loan</h2>

If the high monthly payments required by your current second mortgage are seriously cramping your style, you might be interested in refinancing with an Equity Sharing Home Loan from Unison. Unison designed the Equity Sharing Home Loan specifically to provide relief for homeowners whose steep monthly debt obligations are stripping them of their financial flexibility. 
The 10-year, interest-only loan empowers homeowners, offering:<br><br>

<ul>
<li><h3><b>Breathable Financial Structure:</b></h3> A ten-year, interest-only loan designed specifically to keep monthly payments low and manageable
<li><h3><b>Partnership Mindset:</b></h3> Through shared appreciation, Unison aligns its success with your home's future value
<li><h3><b>Competitive Rates:</b></h3> Access your equity without the burden of excessive interest charges
<li><h3><b>Financial Freedom:</b></h3> More flexibility to use–or save!-- your funds while maintaining comfortable monthly payments
</ul><br><br>

Unison’s application process is convenient and easy–homeowners have the option of a completely online experience, and our licensed loan experts are happy to help over the phone. If you are searching for a way to refinance your second mortgage for half the monthly payment as other equity financing products, the Equity Sharing Home Loan just may be the right fit!
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<i>The content on this page provides general consumer information. It is not legal or financial advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</i>

A couple looking at refinance options on their laptop and a document

How to Refinance a Second Mortgage

Refinancing a second mortgage can be a strategic move to lower your monthly payments, secure a better interest rate, or adjust the terms of your loan. This guide will walk you through the steps to effectively refinance a second mortgage.

How to Refinance a Second Mortgage | Unison Home Equity

A home appraisal is a crucial step in the process of applying for home equity financing. A professional appraiser–a licensed, independent third party–evaluates your property's value based on various factors, including location, condition, and market trends. Follow these key steps to prepare for your appraisal.<br><br>

<h2>Boost Curb Appeal</h2>

First impressions do matter. Consider enhancing your curb appeal by:<br><br>

<ul>
<li>Mowing the lawn and trimming hedges
<li>Power-washing the driveway and sidewalks
<li>Painting the front door or touching up exterior paint
<li>Cleaning gutters and removing any clutter from the yard
</ul><br><br>

<h2>Declutter and Deep Clean</h2>
Take the time to ensure your space is tidy:
<br><br>
<ul>
<li>Declutter rooms and organize storage spaces
<li>Dust and wipe down surfaces
<li>Vacuum carpets and mop floors
<li>Eliminate odors and use air fresheners sparingly
</ul><br><br>

<h2>Make Necessary Repairs</h2>

Make sure that the state of your home shows it has been well-maintained. Address issues such as:
<br><br>
<ul>
<li>Leaky faucets or running toilets
<li>Peeling paint or damaged drywall
<li>Burnt-out light bulbs and broken fixtures
<li>Broken door handles or loose cabinet hinges
<li>Cracked tiles or flooring damage
</ul><br><br>

<h2>Highlight Home Improvements</h2>

If you’ve made any upgrades or renovations, provide a list of improvements for the appraiser. Have the documentation ready but wait for the appraiser to request it. Include details such as:
<br><br>
<ul>
<li>New appliances, countertops, or cabinetry in the kitchen
<li>Updated bathrooms with modern fixtures
<li>Recent HVAC, roofing, or plumbing upgrades
<li>Energy-efficient windows or insulation improvements
</ul>
<br><br>

<h2>Ensure Easy Access</h2>

Appraisers need to inspect various areas of your home, including the attic, basement, and all rooms. Make sure these areas are accessible by:
<br><br>
<ul>
<li>Unlocking doors and gates
<li>Removing obstacles in hallways and storage areas
<li>Providing access to utility systems (furnace, water heater, electrical panel)
</ul><br>
<br>

<h3><b>Final Thoughts</b></h3><br><br>
It’s also a good idea to understand your neighborhood’s real estate market–look up recent sales of similar homes in your area and be prepared to discuss any factors that may positively influence your home’s value.
<br><br>

Remember that major renovations right before an appraisal rarely pay off. Instead, your goal should be to demonstrate that your home has been well-maintained and is consistent with local market values. Focus on repairs and improvements that align your home with neighborhood standards. By following these preparation steps, you'll position your home to receive a fair and accurate appraisal that reflects its true market value. <br><br><br><br><br>

<i>The content on this page provides general consumer information. It is not legal or financial advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</i>

A home equity loan may work for you. Learn more...

Two people doing light repairs to a kitchen

How to Prepare for a Home Appraisal: A Step-by-Step Guide 

A home appraisal is a crucial step in the process of applying for home equity financing.  Follow these key steps to prepare for your appraisal.

How to Prepare for a Home Appraisal: A Step-by-Step Guide | Unison

<i>By Lauren Rosales-Shepard</i><br><br>

Are you looking to boost your credit score? It might be easier and more straightforward than you think! In this post, we’ll lay out some steps you can take to achieve your goal.<br><br>

While we aren't credit counselors, we are happy to provide some commonly shared general consumer information about credit in this article, as sourced from sites such as <a href=”https://www.nerdwallet.com/article/finance/raise-credit-score-fast”>NerdWallet</a> and <a href=”https://www.equifax.com/personal/education/credit/score/articles/-/learn/how-to-improve-credit-score/”>Equifax</a>. We highly recommend that you speak with licensed credit counselors or other experts if you have more questions. <br><br>
 <br><br>

<h2>What is a Credit Score?</h2>

Briefly, a credit score is a number meant to indicate how likely you are to repay borrowed funds on time, representing your creditworthiness to potential lenders. Lenders use your credit score not only to approve or reject your application for a loan, but to determine the terms and rates they want to offer you. Credit scores typically fall between the range of 300-850, with 850 being utterly perfect.   <br><br>

<h2>What Factors Impact My Credit Score?</h2>

There are several factors that affect your credit. Here’s a quick rundown:<br><br>

<ul>
  <li><b><h3>Payment History:</h3></b> Reflects whether you pay bills on time. Late or missed payments lower your score.
  <li><b><h3>Credit Utilization:</h3></b> The amount of available credit that you’re using. The less you utilize, the better for your score.
  <li><b><h3>Credit History Length:</h3></b> Longer credit histories suggest stability.
  <li><b><h3>Credit Mix:</h3></b> Having different types of credit (such as credit cards and loans) can help.
  <li><b><h3>New Credit Inquiries:</h3></b> Too many applications for credit in a short time can hurt your score.
</ul><br><br>

<h2>How Can I Increase My Credit Score?</h2>

Rebuilding your credit can take time. Moving forward, here are some actions you can take:<br><br>

<ol>
  <li><b><h3>Pay off debt:</h3></b> This seems obvious, and often much easier said than done. But bear in mind that late payments, even of a couple of days, can cause your score to drop significantly. Making regular, on-time payments improves your score, end of story.
  <li><b><h3>Keep your credit card balances low:</h3></b> When possible, don’t just pay the monthly minimum! 
  <li><b><h3>Keep credit cards open:</h3></b> Even once you’ve paid off a credit card, consider keeping it open for a small recurring charge, like a phone bill or Netflix subscription, to keep the cards active. If you close a credit card, you might negatively affect your score. 
  <li><b><h3>Only apply for credit when you need it:</h3></b> When you apply for a new account, the lender might perform a hard credit pull, which may hurt your credit scores. 
  <li><b><h3>Dispute any inaccuracies on your credit report:</h3></b> You can do this one today! Start to regularly monitor your credit reports to make sure they’re accurate, and dispute any wrongful charges ASAP.
  <li><b><h3>Ask to increase your credit limit:</h3></b> If you’re in good standing with a card, call to see if you can increase your limit. A higher limit lowers your utilization rate if you maintain the same balance
</ol><br><br>

<h2>Resources to Help You Rebuild Your Credit</h2>

As we said at the beginning of the post–we are not credit counselors. If you have further questions, or would like more specialized help, we recommend checking out these resources:<br><br>

<ul>
  <li><b><h3>Credit Monitoring Services:</h3></b> Credit monitoring tools help track your score and alert you to changes or potential fraud. There are several free options available, such as Credit Karma and MyFICO.
  <li><b><h3>Financial Counseling Services:</h3></b> Nonprofit organizations offer free or low-cost advice on credit and debt management. Take a look at the <a href=”https://NFCC.org”>National Foundation for Credit Counseling</a> (NFCC) and the <a href=”https:// FCAA.org”>Financial Counseling Association of America</a> (FCAA).
  <li><b><h3>Debt Management Tools:</h3></b> Managing debt effectively improves your score. Look for an app that can track your spending and debt payoff progress. 
  <li><b><h3>Debt Consolidation Services:</h3></b> Consider working with a credit counselor or lender for consolidation loans.
  <li><b><h3>Educational Resources:</b></h3> Understanding credit is the first step to improving it. <a href=”https://MyFICO.com</a>MyFICO.com</a> offers detailed explanations of FICO scoring. The <a href=”https://www.consumerfinance.gov/consumer-tools/”> Consumer Financial Protection Bureau</a> (CFPB) offers consumer guides on credit, loans, and debt. Local credit unions often provide free financial literacy programs and credit counseling for members, too. 
<li><b><h3>Professional Assistance:</h3></b> For complex credit challenges, you may want to hire a professional. Certified Financial Planners (CFPs) can offer a long-term strategy for credit and debt.
</ul><br><br>

<h2>An Innovative Option for Debt Consolidation</h2>

If you have multiple sources of debt, you may find it difficult to keep up with the various monthly payments. Consolidating that debt streamlines everything into one monthly payment, making your financial obligations easier to manage.<br><br>

Unison designed the Equity Sharing Home Loan to empower homeowners with financial flexibility. By offering a second mortgage with half the monthly payment as that of traditional home equity loans and lines of credit, we give you the ability to save on your monthly obligation–and use those savings however you wish! In addition, the Equity Sharing Home Loan has a 10-year term, and absolutely no prepayment penalties. With the convenience of a user-friendly online application, you can pursue your debt consolidation goals without added stress. Work with one of our licensed loan officers to start your application today!<br><br><br><br><br><br><br>

<i>The content on this page provides general consumer information. It is not legal or financial advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</i>

Start your journey towards financial flexibility with a Unison Equity Sharing Home Loan.

Tips to Help Improve Your Credit Score

Are you looking to boost your credit score? It might be easier and more straightforward than you think! In this post, we’ll lay out some steps you can take to achieve your goal.

Tips to Help Improve Your Credit Score | Unison Home Equity Sharing

<i>By Lauren Rosales-Shepard, Content Writer</i><br><br><br><br>

“Home equity” is, by textbook definition, the difference between the current market value of a home and the outstanding balance of any mortgages or liens secured by the property. In plain English, it represents the portion of the home that the homeowner effectively owns outright.<br><br>

Understanding your home equity percentage empowers you to make informed financial decisions, manage debt effectively, and build wealth over time. This information is integral to assessing your overall financial position and net worth. Knowing your home equity is valuable; you can make an informed decision to borrow against it or sell the property to realize the equity as cash.<br><br>

<h2>Simple Steps to Determine Home Equity</h2>

What follows is a simplified approach to determining your home equity. In order to obtain the most precise picture of your home equity situation, consider ordering a professional appraisal or consulting with a financial advisor.<br><br>

<ol>
<li><h3><strong>Find your home’s current market value.</strong></h3> <br>
You can estimate your home's current market value by using various methods, such as hiring a professional appraiser to conduct a valuation, checking recent sales prices of comparable properties (comps) in your neighborhood, and using online real estate valuation tools or websites (<a href=”https://zillow.com”>Zillow</a> is a popular one).<br> <br>
<li><h3><strong>Calculate your outstanding mortgage balance.</strong></h3><br>
Obtain the most recent statement from your mortgage lender or servicer; it outlines the remaining principal balance of your mortgage(s), including any accrued interest and fees.<br><br>
<li><h3><strong>Subtract your mortgage balance from your home's market value.</strong></h3><br>
Subtract your outstanding mortgage balance from your home's current market value. The result equals your home equity. For example, if your home is valued at $500,000 and you still owe $200,000 on your mortgage, your home equity would be $300,000.
</ol>
<br><br>
<h2>How to Increase Your Home Equity</h2>

Home equity can grow over time and your property value may naturally appreciate, but there are strategies you can control to grow home equity more quickly. <br><br>

<ul>
<li><strong>Regular Maintenance and Upkeep:</strong> Keep your home well-maintained by promptly addressing repairs and maintenance concerns. Regular maintenance can help preserve the value of your property and prevent more minor issues from escalating into costly problems.
<li><strong>Home Renovations and Improvements:</strong> Invest in renovations and improvements that can increase the value of your home. Focus on projects that offer a high return on investment (ROI), such as kitchen and bathroom remodels, adding square footage, upgrading energy-efficient features, or greatly enhancing curb appeal.
<li><strong>Reducing Mortgage Debt:</strong> Pay down your mortgage principal more quickly by making extra payments or refinancing to a shorter loan term. When you reduce your mortgage balance, you effectively increase your home equity.
</ul>
<br><br>

<h2>How to Use Your Home Equity</h2>

Built-up home equity can be a financial tool to help you achieve life goals. For example:<br><br>

<ul>
<li>tackle home improvement projects
<li>pay off debt
<li>advance your career or start a business
<li>fund big purchases (wedding, college, new car, medical bills, etc.)
<li>supplement retirement income
<li>down payment on a home
</ul>

<br><br>

<h2>Put your Home Equity to Work and Achieve Your Life Goals with Unison</h2>

Unison designed the Equity Sharing Home Loan to empower homeowners with financial agency and flexibility. The innovative financial structure benefits of this 10-year, fixed interest-only loan unite to offer the savvy homeowner a smart alternative to traditional home equity financing. <br><br>

The Equity Sharing Home Loan features:<br><br>

<ul>
<li><b>Interest-Only Payments</b>: Dramatically lower monthly obligations
<li><b>10-Year Term</b>: Extended timeframe for reaching your financial objectives
<li><b>Flexible Payment Options</b>: No prepayment penalties
<li><b>Home Improvement Value Recognition</b>: Eligible for credit from property improvements
<li><b>Capped Returns</b>: Predictable sharing structure for peace of mind
<li><b>Aligned Interests</b>: Unison succeeds only when you succeed
<li><b>Improved Cash Flow</b>: Keep more money in your pocket each month
<li><b>Investment Opportunities</b>: Use freed-up cash to invest elsewhere
<li><b>Debt Consolidation Power:</b>Effectively streamline your finances
<li><b>Increased Financial Flexibility</b>: Maintain control of your financial future
</ul>
<br><br>

While every homeowner's situation is unique, Unison's Equity Sharing Home Loan opens up exciting new possibilities for those seeking to leverage their home's value. If you’re interested in accessing your equity with half the monthly payment as traditional financing options, learn more about Unison’s revolutionary approach to home equity today. <br><br><br><br>

  <i>The content on this page provides general consumer information. It is not legal or financial advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</i>


How to Calculate Your Home Equity

Wondering how to figure out how much equity you have in your home? Follow these simple steps to make calculating home equity quick, easy, and stress-free.

How to Calculate Home Equity | Unison Home Equity Sharing

In today's dynamic financial landscape, homeowners have more options than ever to access their home's equity. While traditional home equity loans have been the go-to solution for decades, Unison's innovative Equity Sharing Home Loan is transforming how homeowners can leverage their property's value to achieve their financial goals.<br>

<h2>Traditional Home Equity Loans: The Old Way</h2>

Traditional home equity loans offer a straightforward but rigid approach:<br>
<ul>
<li>Borrow against your equity with a lump sum payment</li>
<li>Fixed monthly payments including principal and interest</li>
<li>Standard interest rates based on market conditions</li>
<li>Your home serves as collateral</li>
</ul>
<br>

While this conventional approach has served homeowners for years, today's financial landscape demands more innovative, flexible solutions.
<h2>Unison's Revolutionary Partnership Approach</h2>
Unison's Equity Sharing Home Loan represents a paradigm shift in home financing, offering a partnership model that aligns with modern homeowners' needs:
<br>
<h3><strong>Innovative Financial Structure</strong></h3>
<ul>
  <li><b>Interest-Only Payments:</b> Dramatically lower monthly obligations with partially-deferred interest
  <li><b>10-Year Term:</b> Extended timeline for achieving your financial goals
  <li><b>Flexible Payment Options:</b> No prepayment penalties
</ul>
<br>
<H3><strong>Unique Partnership Benefits</strong></h3><br>
<ul>
  <li><strong>Home Improvement Value Recognition:</strong> Eligible for property improvements credit
  <li><strong>Capped Returns:</strong> Predictable sharing structure for peace of mind
  <li><strong>Aligned Interests:</strong> Unison succeeds only when you succeed
</ul><br>
   <h3><strong> Enhanced Financial Freedom</h3></strong>

<li><strong>Improved Cash Flow:</strong> Keep more money in your pocket monthly
<li><strong>Investment Opportunities:</strong> Use freed-up cash for other investments
<li><strong>Debt Consolidation Power:</strong> Streamline your finances effectively
<li><strong>Financial Flexibility:</strong> Maintain control of your financial future
</ul>
<br>
<h2>Making an Informed Choice</h2>
While traditional home equity loans continue to serve a purpose, Unison's Equity Sharing Home Loan offers distinct advantages for forward-thinking homeowners. By choosing Unison, you're not just getting a loan – you're gaining a partner invested in your success.<br><br>
<h3><strong>Keys to Success with Unison</strong></h3><br>
<ul>
<li>Understand your credit profile and debt-to-income ratio
<li>Plan for the future with the balloon payment in mind
<li>Consider potential home improvements that could add value
<li>Think long-term about your property's appreciation potential
</ul><br>
<h2>Taking the Next Step</h2>
Ready to experience the future of home equity access? Unison's innovative approach offers the flexibility, partnership, and financial freedom that modern homeowners deserve. While the program includes a balloon payment at term's end, the benefits of lower monthly payments, shared appreciation, and partnership make it an attractive choice for those seeking a smarter way to access their equity.<br>

<br>
<br>
<br>
<i><font size="-1">Explore how Unison can transform your approach to home equity today. Remember to consult with financial professionals to ensure the best fit for your unique situation. The content on this page provides general consumer information. It is not legal or financial advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</font></i></p>

Revolutionize Your Home Equity Access:

While traditional home equity loans have been the go-to solution for decades, Unison's innovative Equity Sharing Home Loan is transforming how homeowners can leverage their property's value to achieve their financial goals.

Revolutionize Your Home Equity Access: Unison's Partnership Approach vs Traditional Home Equity Loans | Unison Home Equity Sharing

Imagine accessing your home's equity without the burden of sky-high monthly payments. Sounds too good to be true? Not anymore, thanks to Unison's groundbreaking approach to home financing.<br><br>

<h2>The Traditional Home Equity Access Dilemma</h2>
For years, homeowners seeking to tap into their home's equity faced limited options. Traditional routes like home equity loans, HELOCs, reverse mortgages, and cash-out refinances each came with their own set of challenges. The common thread? High interest rates and hefty monthly payments that could strain rather than strengthen your financial flexibility.<br><br>
<h2>Enter Unison: Pioneering a Better Way Forward</h2>
As the pioneer of equity sharing, Unison recognized a crucial gap in the market: homeowners needed a smarter way to access their equity without sacrificing their financial freedom. Their solution? The innovative Equity Sharing Home Loan.<br><br>
<h3><strong>Why Unison's Approach To Equity Sharing Stands Apart</strong></h3><br><br>
The Equity Sharing Home Loan represents a fundamental shift in how homeowners can access their equity. Here's what makes it revolutionary:
<ul>
<li><strong>Breathable Financial Structure:</strong> A ten-year, interest-only loan designed specifically to keep monthly payments low and manageable, with partially-deferred interest
<li><strong>Partnership Mindset:</strong> Through shared appreciation, Unison aligns its success with your home's future value
<li><strong>Competitive Rates:</strong> Access your equity without the burden of higher interest 
<li><strong>Financial Freedom:</strong> More flexibility to use your funds while maintaining comfortable monthly payments
</ul><br><br>
<h2>An Equity Sharing Solution Built for Real Homeowners</h2>
Unison's innovation stems from a deep understanding of homeowner challenges. They recognized that traditional equity access methods often forced homeowners to choose between accessing their equity and maintaining financial stability. The Equity Sharing Home Loan eliminates this painful trade-off, offering a path that supports both immediate needs and long-term financial health.<br><br>
<h2>Your Path to Financial Empowerment</h2>
While every homeowner's situation is unique, Unison's Equity Sharing Home Loan opens up exciting new possibilities for those seeking to leverage their home's value. Whether you're planning home improvements, consolidating debt, or investing in your future, this innovative solution offers the financial breathing room you need to achieve your goals.<br><br>
<h3><strong>Take the Next Step</strong></h3><br><br>
Ready to explore a smarter way to access your home's equity? Unison makes it easy:
<ol>
<li>Learn more about the Equity Sharing Home Loan's unique benefits
<li>Get a personalized rate estimate today
<li>Consult with an experienced mortgage loan officer to confirm it's the right fit for your goals
</ol><br><br>
While there's no one-size-fits-all solution for accessing home equity, Unison's innovative approach deserves serious consideration for homeowners seeking financial flexibility with manageable monthly payments.
<br><br><br><br><br>

<i>The content on this page provides general consumer information. It is not legal or financial advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</i>

Explore the Unison equity sharing difference.

Picture of homes in a row with a nice sidewalk in front

How Unison Revolutionizes Home Equity Access

Imagine accessing your home's equity without the burden of sky-high monthly payments. Sounds too good to be true? Not anymore, thanks to Unison's groundbreaking approach to home financing: the Equity Sharing Home Loan.

Breaking New Ground: How Unison Revolutionizes Home Equity Access | Unison Home Equity Sharing

Debt consolidation streamlines multiple different debts into one monthly payment, making your financial obligations easier to track and handle. Many people look into a home equity line of credit when they are struggling to manage multiple debts, but Unison’s Equity Sharing is an innovative alternative and we have licensed loan officers  who can help you. 

<h2>Home Equity Line of Credit (HELOC)</h2>

<p>A HELOC (Home Equity Line of Credit) acts somewhat like a credit card, using your home equity as a line of credit. You can borrow and repay funds during the draw period, typically 5-10 years, and then repay the balance over the next 10-20 years. This flexibility makes it popular for ongoing expenses or consolidating high-interest debt.</p><br><br>

<p>However, HELOCs often have variable interest rates, making budgeting unpredictable. And while the initial interest-only payments can give you some breathing room, you may find yourself in for a financial rude awakening at the end of the draw period when your payments increase. It's crucial to have a disciplined repayment plan and use the funds responsibly to avoid increasing your debt.</p><br><br>

<h2>Unison Equity Sharing Home Loan</h2>

<p>Unison's Equity Sharing Home Loan provides a unique approach to accessing your home equity, offering a model that aligns with modern homeowners' needs. Its innovative structure includes:
</p><br><br>
<ul>
  <li><b>Interest-Only Payments:</b> Dramatically lower monthly obligations
  <li><b>10-Year Term:</b> Extended timeline for achieving your financial goals
  <li><b>Flexible Payment Options:</b> No prepayment penalties
  <li><b>Home Improvement Value Recognition:</b> Get credit for property improvements
  <li><b>Capped Returns:</b> Predictable sharing structure for peace of mind
  <li><b>Aligned Interests:</b> Unison succeeds only when you succeed
</ul><br><br>

<p>Unison designed the Equity Sharing Home Loan purposefully to enhance homeowners’ financial freedom and flexibility. With improved cash flow, you can keep more money in your pocket each month and use the freed-up cash for other investments. And when it comes to debt consolidation? Homeowners can take advantage of the Equity Sharing Home Loan to effectively streamline their finances, all while enjoying the benefits of a user-friendly, completely online  application process. <br><br>

If you’re interested in refinancing a second mortgage for half the monthly payment, speak to one of our licensed loan officers today!<br><br>
</p>
<br>
<br>
<br>
<i><font size="-1">The content on this page provides general consumer information. It is not legal or financial advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</font></i></p>

person using a calculator and holding their glasses

Unison's Equity Sharing: An Innovative Alternative to a Home Equity Line of Credit (HELOC) for Debt Consolidation | Unison

When considering tools for debt consolidation, learn about the differences between Unison's Equity Sharing Home Loan and a traditional home equity line of credit, or HELOC.

Are you sitting on substantial home equity while juggling monthly debt payments? Many homeowners face this exact dilemma, sometimes even turning to their 401(k) as a last resort for debt consolidation.  Now, there’s an innovative option that can help you streamline your monthly payments and get control of your finances without tapping into your retirement savings: Unison's Equity Sharing Home Loan. <br><br>

<h2>401(k) Loans</h2>

At first glance, borrowing from your 401(k) might seem appealing. It offers quick access to funds with relatively low interest rates, and those interest payments go back into your account. Plus, it won't impact your credit score since it's not reported to credit bureaus.
<br><br>
But here's the catch: while you're borrowing from yourself, you're also borrowing from your future. Your retirement savings lose out on potential market gains, and if you change jobs, you might need to repay the loan quickly.  There are also <a href=”https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-exceptions-to-tax-on-early-distributions”>significant tax penalties</a> to dipping into your 401(k) before retirement, as such withdrawals are subject to income tax, and there is usually an additional 10% tax. Such disadvantages account for why this is usually considered a last resort for debt consolidation. <br><br>

<h2>Enter Unison: A Revolutionary Approach to Home Equity</h2>

Unison's Equity Sharing Home Loan represents a paradigm shift in home financing. Instead of depleting your retirement savings or taking on traditional high-interest debt, Unison offers an innovative approach that could transform your financial future.

<br />

<h2>Here's What Makes Unison Different:</h2>

Lower Monthly Payments: With a 10-year, interest-only structure, you'll enjoy more manageable monthly payments that free up your cash flow.<br><br>

Shared Investment: Rather than charging high interest rates, Unison becomes a partner in your home's future appreciation. This alignment of interests means they succeed only when you succeed.<br><br>

Flexibility First: No prepayment penalties means you're not locked in. Plus, Unison considers home improvements in their appreciation calculations, encouraging you to invest in your property.
<br><br>

<h2>Smart Features for Smart Homeowners</h2>

Unison's program is designed with homeowner empowerment in mind. The partially deferred interest structure means more money in your pocket today, while their capped annualized return ensures predictability for the future. Whether you're consolidating debt, funding home improvements, or investing in your future, Unison provides the flexibility to achieve your goals without sacrificing your retirement savings.<br><br>

<h2>Making the Right Choice</h2>
While both 401(k) loans and Unison's Equity Sharing Home Loan have their place, Unison offers a more innovative and potentially less risky approach to accessing home equity. Yes, there's a payment at the end of the term, but with proper planning and Unison's transparent terms, you can make informed decisions about your financial future.<br><br>

Remember to consider your specific situation, including your credit score, debt-to-income ratio, and long-term financial goals. The key is choosing a solution that not only addresses your immediate needs but also supports your future financial success.
<br />
<br />
<br />
<i><font size="-1">Disclaimer: This content is for informational purposes only and does not constitute financial or legal advice. Consider consulting with financial professionals to determine the best option for your specific situation.</font></i>

Partner with Unison and achieve your goals.

Maximize Your Home's Potential: Why Unison's Equity Sharing Could Be Smarter Than a 401k Loan

When looking for ways to consolidate debt, you might think about withdrawing from your 401(k). Unison's innovative Equity Sharing Home Loan can help you avoid borrowing against your future.

Maximize Your Home's Potential: Why Unison's Equity Sharing Could Be Smarter Than a 401(k) Loan | Unison

When it comes to debt consolidation, it's essential to carefully consider your circumstances and choose an option that aligns with your long-term financial goals–there’s no one-size-fits-all solution. However, if you do your research, you can make an informed choice regarding the best tool for your own unique situation. A popular tool that can help you manage your debt is a debt management plan, but if you need a more immediate remedy to get your finances in order, you should also consider Unison’s innovative Equity Sharing Home Loan. Learn more about each of these options below!<br><br>

<h2>Debt Management Plan</h2>

A debt management plan, offered by credit counseling agencies, helps you repay unsecured debts like credit cards and medical bills. A counselor works with you to create a budget and negotiates with creditors to lower interest rates and create a manageable repayment plan. This provides structured support and can be a good option if you're facing financial hardship or want to avoid bankruptcy.<br><br>

However, creditors are not obligated to participate, and fees for the service can vary. It's crucial to evaluate your financial situation, consider the costs involved, and commit to sticking to the plan for it to be successful.<br><br>

<h2>Unison Equity Sharing Home Loan</h2>

Unison's Equity Sharing Home Loan provides a unique approach to accessing your home equity. The 10-year, interest-only second mortgage offers half the monthly payment as traditional home financing options, empowering homeowners with the tremendous financial flexibility to save each month, and use those savings however they wish. The Equity Sharing Home Loan utilizes both partially-deferred interest and a shared appreciation component in order to keep monthly payments more practicable for homeowners who want to increase the reach of their finances.  Unison also caps both the annualized return on Unison’s share, and all forms of interest. This can be an attractive option for homeowners seeking increased cash flow and flexibility, especially with additional features like no prepayment penalties and potential adjustments for capital improvements. 
<br><br>

Ultimately, Unison provides a pathway to potential wealth building while maintaining financial flexibility–instead of merely restructuring debt. To prepare for success, be sure to review  your credit score and debt-to-income ratio, as well as plan for the balloon payment at the end of the loan, before deciding if it aligns with your long-term financial goals. If the answer is “yes,” work with one of their licensed loan officers to start your convenient, online application today!<br><br>

<br>
<br>
<br>
<i><font size="-1">The content on this page provides general consumer information. It is not legal or financial advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</font></i></p>

woman with piles of pamphlets and letters in front of her 

unison-equity-sharing-home-loan-vs-debt-management-plan

A debt management plan can help you create a strategy to manage your finances, but if you're looking for quick relief, Unison's Equity Sharing Home Loan can consolidate your debt into one monthly payment.

Faster Debt Consolidation Relief with Unison's Equity Sharing Home Loan | Unison Equity Sharing

Making informed financial decisions is crucial for your future success. When looking to consolidate debt or access funds for your goals, it's important to understand how innovative solutions like Unison's Equity Sharing Home Loan can offer unique advantages over traditional options.<br><br>
<h2>Traditional Debt Consolidation: A Common Approach</h2>
Traditional debt consolidation loans serve a straightforward purpose: combining multiple debts into one monthly payment. While this approach can:<br><br>
<ul>
<li>Simplify your monthly payments
<li>Potentially reduce interest rates
<li>Provide a clear repayment timeline
<li>Help manage various types of debt
</ul><br><br>
The challenge? Traditional consolidation simply reshapes existing debt without offering the innovative benefits that modern homeowners deserve.<br><br>
<h2>Unison's Revolutionary Equity Sharing: A Smarter Way Forward</h2>
Unison's Equity Sharing Home Loan transforms how homeowners can achieve their financial goals. This innovative solution offers a powerful combination of benefits that traditional debt consolidation simply can't match:<br><br>
<h3><b>Immediate Financial Freedom</b></h3><br><br>
<ul>
<li>Lower Monthly Payments: Enjoy more financial flexibility with interest-only payments
<li>Improved Cash Flow: Keep more money in your pocket for what matters most with partially-deferred interest
</ul><br><br>
<h3><b>Smart Partnership Features</b></h3>
<br><br>
<ul>
<li>Shared Success: Unison partners in your home's future appreciation, aligning their interests with yours
<li>No Prepayment Penalties: Maintain the flexibility to manage your loan on your terms
<li>Home Improvement Recognition: Benefit from adjustments for capital improvements you make to your property<br><br>
<h3><b>Long-Term Financial Benefits</b></h3><br>
<li>10-Year Term: Plenty of time to achieve your financial goals
<li>Structured Planning: Clear terms help you prepare for the future
<li>Investment Potential: Use freed-up cash flow to invest in your future</ul><br><br>.
<h2>Why Homeowners Choose Unison</h2>
Unison's approach stands out by offering homeowners a true partnership in their financial journey. Instead of just restructuring debt, Unison provides a pathway to potential wealth building while maintaining financial flexibility. The partially deferred interest structure, combined with shared appreciation, creates an innovative solution that traditional debt consolidation loans simply can't offer.<br><br>
<h3><b>Making Your Choice</b></h3>
<br><br>While traditional debt consolidation has its place, Unison's Equity Sharing Home Loan represents the future of home financing. With features designed to empower homeowners, Unison offers a sophisticated solution for those ready to take control of their financial future.<br><br>
<h3><b>Key Considerations for Success</b></h3><br><br>
<ol>
<li>Review your credit score and debt-to-income ratio
<li>Consider your long-term financial goals
<li>Plan for the balloon payment at the end of the term
<li>Evaluate how home improvements might benefit you under Unison's program
</ol><br><br>
Ready to explore how Unison can transform your financial future? Take the first step today by learning more about Unison's innovative Equity Sharing Home Loan program.<br><br>
<i>Remember: Your financial journey is unique. While Unison offers compelling advantages, consider consulting with financial professionals to ensure the best fit for your specific situation.</i>


professional woman discussing something with another person

unison-equity-sharing-home-loan-vs-debt-consolidation-loan

Looking to consolidate debt? Learn more about a traditional Debt Consolidation Loan and the benefits of Unison's Equity Sharing Home Loan as a tool for debt consolidation.

Smart Financial Solutions: Why Unison's Equity Sharing Home Loan Stands Out from Traditional Debt Consolidation | Unison Equity Sharing

<i>by Lauren Rosales-Shepard, Content Writer</i><br><br><br>
Welcome to the third and final blog post in our series, “Beyond Home Equity: How to Finance Your Next Big Expense.” You can read Part II <a href="https://unison.com/blog/beyond-home-equity--retirement-savings-accounts">here</a>. <br><br>

<h2>An Alternate Means to Tapping Into Your Equity</h2>

If you’ve considered accessing your home’s equity as the means to fund a big expense, you’re probably familiar with the usual suspects–<a href="https://www.unison.com/blog/pros-cons-home-equity-loan">home equity loans</a>, home equity lines of credit (<a href="https://www.unison.com/blog/undefined/about-helocs">HELOCs</a>), <a href="https://www.unison.com/blog/reverse-mortgage-payments-costs/">reverse mortgages</a>, and <a href="https://www.unison.com/blog/cash-out-refinance-pros-and-cons">cash-out refinances</a>. Each of these options has its own distinctive characteristics–the reverse mortgage is meant for homeowners over the age of 62, for example, and <a href="https://www.unison.com/blog/tips/how-does-a-heloc-work">HELOCs</a> usually have an interest-only draw period, followed by a repayment period. One reason that many homeowners are historically reluctant to tap into their equity is that doing so often requires costly monthly payments, driven by high interest rates. <br><br>

<a href="https://unison.com">Unison</a>, the pioneer of equity sharing, observed that homeowners were struggling to tap into their equity without the penalty of soaring monthly payments that hampered their financial flexibility. So, through Unison Mortgage Corporation, they launched the <a href="https://unison.com/home-loan">Equity Sharing Home Loan</a>: a ten-year, interest-only loan with a shared appreciation component that empowers homeowners to save money and meet their goals with low monthly payments. With competitive rates, the Equity Sharing Home Loan aims to offer homeowners an innovative way to access their equity–one with financial breathing room. <br><br>

There is no one-size-fits-all method for tapping your home equity for funds. A financial advisor or other professional will be best suited to help you select the best option to fit your unique needs. However, if you are interested in accessing your equity for low monthly payments, <a href="https://unison.com/home-loan">learn more</a> about Unison’s Equity Sharing Home Loan and get a rate estimate today!

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<i><font size="-1">The content on this page provides general consumer information. It is not legal or financial advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</font></i></p>

Cut your monthly payment in half with Unison’s Equity Sharing Home Loan

Beyond Home Equity: How to Finance Your Next Big Expense: Part III

Are you considering a big expense? One of the traditional ways to cover a large purchase is to tap into your home equity--but there are other methods, too. Check out our three-part series to learn more. 

Beyond Home Equity: How to Finance Your Next Big Expense: Part III | Unison

<i>by Lauren Rosales-Shepard, Content Writer</i><br><br><br>

Welcome to the second blog post in our series, “Beyond Home Equity: How to Finance Your Next Big Expense.” If you’re looking to finance a big expense, whether it’s a renovation or a large debt consolidation, you might be considering tapping into your home equity–but, you know you should consider the alternatives as well. Over the next several days, tune in to this series of shorter blog posts that delve into some of your options. You can read Part I <a href="https://unison.com/blog/beyond-home-equity-personal-loans-credit">here</a>. Today: Retirement Accounts and Savings Accounts.

<h2>Retirement Account Loans or Withdrawals</h2>

As a tool for retirement planning, many of us contribute to a retirement account. A 401(k) is an employer-sponsored plan; however, there are also self-managed retirement accounts called Individual Retirement Accounts (IRAs). Though that sum is meant to grow into a fund that will support you when you’re no longer working full time as a senior, it is possible to make an early withdrawal before you reach that stage of life.<br><br>

<h3><b>How does a retirement account withdrawal work?</b></h3><br><br>
There are multiple different factors that come into play if you’re contemplating an early withdrawal from your retirement.<br><br>

<b>Age</b><br><br>

<u>Before age 59.5</u>: Withdrawals from Traditional IRAs and 401(k)s generally incur a 10% early withdrawal penalty. They are also taxed as income. (There are some exceptions to the 10% penalty, such as medical expenses exceeding a certain percentage of your income).<br><br>

<u>Age 59.5 and older</u>: Withdrawals are free of the 10% penalty, but income tax still applies for traditional accounts. Note: Roth accounts are tax-free if the account has been open for at least five years.
<br><br>

<b>Traditional vs Roth</b><br><br>

<u>Traditional 401(k) or IRA</u>: Contributions are made pre-tax, and withdrawals are therefore taxed as ordinary income.<br><br>

<u>Roth 401(k) or IRA</u>: Contributions are made post-tax, so qualified withdrawals (after age 59½, and if the account is five years old) are tax-free.<br><br>

To make a withdrawal, you can log into your account online or otherwise contact your account administrator. Usually, you can opt to receive a lump sum or periodic payments. If you go this route, be sure to plan for the tax impact of the withdrawals, as well as the potential to disrupt your financial goals. It’s a good idea to consult a financial advisor or tax professional to explore your options and understand the long-term effects.<br><br>

<h2>Savings or Emergency Fund</h2>

Conventional wisdom recommends that we have at least three to six months’ worth of living expenses tucked away in a savings account in case of an emergency. Obviously, it doesn’t hurt to have more. If you have meticulously saved, and your savings can cover the major expense and still leave you with six months’ worth of living expenses, it might also be possible to dip into that fund. <br><br>

<h3><b>How does making a withdrawal from savings or an emergency fund work?</b></h3><br><br>

You can withdraw money from your savings account by visiting your bank, or making an online transfer. Because this is money you already essentially have, it is not taxed. You also don’t need to pay interest of any kind. However, if you empty your savings in order to cover a major expense, keep in mind that those depleted funds might not be there later if you truly need them.<br><br>

Continue to <a href="https://unison.com/blog/Beyond-home-equity-alternative">Part III</a>. 

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<i><font size="-1">The content on this page provides general consumer information. It is not legal or financial advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</font></i></p>

Two people looking at financial documents

Beyond Home Equity: How to Finance Your Next Big Expense: Part II

Beyond Home Equity: How to Finance Your Next Big Expense: Part II | Unison Home Equity Solutions

<i>by Lauren Rosales-Shepard, Content Writer</i><br><br><br>

You’re pondering a major expense. Perhaps you’re tired of your cramped galley kitchen, and want to expand the space into a more open floor plan (complete with one of those lovely quartz countertop islands!). Maybe you’ve seen a commercial space for rent and know it would be the perfect place for the coffeeshop and bakery that your neighborhood so desperately needs. Or, you think it’s time to <a href="https://www.unison.com/blog/best-ways-to-consolidate-debt/">consolidate your various debts</a> into a single, more manageable monthly payment. Whatever the reason, you know that you will require a larger sum of money than your savings alone can provide. You’ve heard that home equity has <a href="https://www.cnbc.com/2024/09/11/home-equity-is-at-a-record-high-heres-how-to-tap-it.html">reached record highs</a> for Americans, and you know that there are a <a href="https://www.unison.com/blog/alternative-ways-to-access-home-equity">myriad of ways</a> to access it. Maybe, you think, this might be the best route to take to obtain the funds you need.<br><br>

But let’s make sure you cover all your bases. What are the alternatives to tapping into your home equity to cover a big expense? Over the next several days, tune in to this series of shorter blog posts that delve into some of your options. Today: Personal Loans and Credit Cards.<br><br>

<h2>Personal Loan</h2>

A personal loan enables you to borrow a lump sum of money to pay for a large expense, or variety of expenses. Unlike some other types of loans, a personal loan tends not to dictate what purpose the borrower uses it to fund (i.e. a student loan is specifically for college or graduate school). In most cases, the borrower repays the loan in regular monthly payments, with interest.<br><br>

<h3><b>How do personal loans work?</b></h3><br><br>

Firstly, there are two different types of personal loans: secured and unsecured. A secured personal loan requires that you utilize something as collateral, something that the lender can keep to satisfy your debt if you should default. The collateral can sometimes be a large asset, like a car or a boat, or a cash asset, such as a savings account. An unsecured loan is precisely what it sounds like–a loan that is not secured by any kind of collateral. Due to that lack of collateral, unsecured loans are often considered as more risky for the lender, and therefore the interest rates may be higher to compensate them for that risk.<br><br>

You can apply for a personal loan from a bank, credit union, or online lender. The lender reviews your application, and, if they approve, will offer terms. Once you accept the terms–the length of the loan and the interest rate, for example–the funds will be yours to use however you see fit. Then, you will make monthly payments comprised of a portion of the amount borrowed, as well as interest, until the loan is paid off. <br><br>

Some personal loans require you to cover additional fees, like a credit check fee or a loan origination fee. Plus, if you want to pay off the loan early, some loans may charge a penalty fee. It’s important to research the specifics when you’re shopping for any kind of loan, and a personal loan is no different!<br><br>

<h2>Credit Cards</h2>

You are undoubtedly already familiar with credit cards, those convenient revolving lines of credit. While their distant cousin, the debit card, is used to ferry funds from your checking account, a credit card borrows the money to make purchases. Although many use credit cards for various small or routine charges, it’s  possible to use a credit card–or even multiple credit cards–to cover a large expense, such as a remodel. <br><br>

<h3><b>How do credit cards work?</b></h3><br><br>

When you charge purchases to a credit card, you are meant to repay the balance you borrowed to make those purchases. For whatever portion you do not repay within a certain term–usually, a month–interest is added to that which you owe. Sometimes, when you open a new credit account, there may be a special promotional 0% APR for a set amount of time (often, a year), in which case, interest would not be added. <br><br>

Most major credit cards (i.e. Visa, Mastercard, American Express, Discover, etc.) are available through banks and other financial institutions. Besides acting as a credit line, many cards will also offer certain benefits or rewards, like airline miles, hotel rooms, or cash back on certain purchases. Some stores or retailers will offer a co-branded credit card–for example, Amazon’s Visa or Barnes and Nobles Mastercard. Such cards can include benefits that correspond to the store, or offer extra points when used there that will eventually pay off in rewards. <br><br>

Credit cards are ultra-convenient, but if you can’t make the payments, the interest can really add up. Plus, if you find yourself unable to make the minimum payments on time, you can damage your credit score.<br><br>

Continue to <a href="https://unison.com/blog/beyond-home-equity--retirement-savings-accounts">Part II</a>.

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<i><font size="-1">The content on this page provides general consumer information. It is not legal or financial advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</font></i></p>

AdobeStock 327340214

Beyond Home Equity: How to Finance Your Next Big Expense: Part I | Unison Home Equity Solutions

Our Chief Investment Officer, Matt O’Hara, recently published an article as a member of Forbes Finance Council. In "7 Ways to Tap Into Your Home's Equity," he describes "the ever-evolving landscape of home financing," exploring both traditional options and newer equity sharing alternatives. Read the article <a href="https://www.forbes.com/councils/forbesfinancecouncil/2024/11/14/home-financing-7-ways-to-tap-into-your-homes-equity/">here</a>.<br><br>

7 Ways to tap into your home equity

Our Chief Investment Officer recently published an article as a member of Forbes Finance Council: "7 Ways to Tap Into Your Home's Equity."

Unison on Forbes Council: 7 Ways to Tap Into Your Home's Equity 

<br>
<i>by Jian Tong Chua, Quantitative Research Associate, and Winfield Xu, Director of Data Science</i><br><br>

  <br><br>The 2024 housing market has demonstrated significant growth and resilience, overcoming headwinds from high interest rates to achieve a remarkable surge in home equity. This annual report examines key trends in home equity throughout the year, analyzing both national and regional data to provide a comprehensive overview of the market. <br><br>

Home prices have reached record highs, with the past 12 months showing significant home price appreciation. As of July 2024, the national Case-Shiller Index reported a 4.5% <a href="https://fred.stlouisfed.org/series/CSUSHPINSA">year-over-year increase</a>. Much of this growth occurred in the first half of 2024, with the index rising by 4.7% year-to-date.<br><br>

This surge in home values has substantially boosted homeowner equity. Home equity, defined as the difference between a property's market value and the outstanding mortgage balance, has reached new heights. By the end of Q2 2024, Federal Reserve <a href="https://fred.stlouisfed.org/series/OEHRENWBSHNO">data</a> indicated total homeowner equity across the country had risen to $35 trillion, with the aggregate value of homes surpassing <a href="https://fred.stlouisfed.org/release/tables?rid=52&eid=810420#snid=810447">$48 trillion</a>.<br><br>

<img src="https://images.ctfassets.net/qppku9ygnsbb/596Cjk2NNBP0ARSHnEA6Ga/385a87c937c66794e1739035059d1eca/Home_Equity__Value___Mortgage.png"><br><br>  

<h3><b>Performance Distribution</b></h3><br><br>

While aggregate home equity has increased at the national level, there are significant variations across states and metropolitan areas.<br><br>

<img src="https://contentimages.o-prod.unison.com/images/Map.png">
<br><br>

From September 2023 to September 2024, median home equity growth was positive in 45 out of 50 states. Connecticut (24.6%), New Jersey (22.3%), and Delaware (18.3%) experienced the highest growth in home equity, while Mississippi (-2.1%), Louisiana (-3.9%), and Idaho (-6.5%) saw the largest declines. <br><br>

       <img src="https://images.ctfassets.net/qppku9ygnsbb/3e68upvrnCBsmQLrvfAilu/49fc44b83733e5d20f69ca1279069de7/Median_home_equity_YoY_growth_by_state.png"><br><br>
                                                                                               In dollar terms, Hawaii and California stand out as significant outliers in median home equity, with values of $564,728 and $497,558, respectively—nearly 30% higher than Massachusetts, which ranks third. On the other end of the spectrum, Oklahoma recorded the lowest median home equity at $118,331, amounting to just a fifth of the highest state.<br><br>
                                                                                               <img src="https://images.ctfassets.net/qppku9ygnsbb/3VjoEYt4CrmYDRjI2TNcfE/0fb9287e5167a3e50a887ce662ec6d88/Median_HE_by_state.png"><br><br>                                    

 At a more granular level, Core Based Statistical Areas (CBSAs) also showed notable differences in home equity performance. Dover, Delaware emerged as the top-performing CBSA, with an impressive 35.7% year-over-year increase in home equity. Two CBSAs in New Jersey, Trenton-Princetron and Atlantic City-Hammonton also performed well, rounding out the top 3.<br><br>
 <img src="https://images.ctfassets.net/qppku9ygnsbb/43Vn4AkIHRtibjg77MIjKk/693e1dfc3c2850f034d86f785b3dcd76/Top_MSAs_in_median_home_equity_YoY_growth.png"><br><br>

In contrast, CBSAs in New Mexico experienced the steepest declines. Espanola recorded the largest year-over-year drop at 43.5%, followed by Portales (-32.5%) and Carlsbad-Artesia (-32.2%).<br><br>
<img src="https://images.ctfassets.net/qppku9ygnsbb/PUuz5JzyF9ZWaefKzrhJH/d60a51d5c31b40173b06cfd7374c571d/Bottom_MSAs_in_median_home_equity_YoY_growth.png"><br><br>

 Even greater disparities emerge when examining median home equity levels. The Jackson Micropolitan Statistical Area, spanning Wyoming and Idaho, boasts the highest median home equity in the country at $1,562,4406. <br><br>

<img src="https://images.ctfassets.net/qppku9ygnsbb/1Zq6IhhudG746DXIgEr1Dt/a9cfa351c8f6d259d1874526f1e30f4a/Top_MSAs_in_median_home_equity.png"><br><br>

In fact, the highest median home equity in the country is more than twenty times that of the lowest, which is Pampa, Texas at $71,9837.     <br><br>

<img src="https://images.ctfassets.net/qppku9ygnsbb/3dlYV7e6nPZeKV8eTv9g6G/35e36260aabd37da77535da371848c90/Bottom_MSAs_in_median_home_equity.png"><br><br>

<b><h3>What does this mean for homeowners?</h3></b><br><br>

For most U.S. households, their primary residence is likely their
largest asset. With the strong growth in home prices over the past
few years, home equity has become an increasingly significant
portion of household net worth. As of July 2024, home equity
accounted for more than one-fifth of total household net worth.<br><br>

<img src="https://images.ctfassets.net/qppku9ygnsbb/5YH6H49fRrb53C4fwg6ZpM/31f0f05aa026a4533e3ae5da0267b4ba/Home_equity_share_of_household_net_worth.png"><br><br>

While future home price trends are difficult to predict, the recent rapid pace of price appreciation is historically
uncommon. Over the past three years, the national Case-Shiller Index has increased by more than 14%, a rate
of growth seen only about 7% of the time in the index's history. Given this exceptional performance,
homeowners may want to consider realizing some of these gains, especially if they have liquidity needs.<br><br>

<img src="https://images.ctfassets.net/qppku9ygnsbb/4vw69IHiT277isEQscWitA/c451abdcc649f7a70c18f45e9fae5a08/Case_Shiller_national.png"><br><br>

Unlike more liquid assets like stocks or bonds, home equity is especially challenging to access. Homeowners
typically have three main options for withdrawing equity: cash-out refinancing, home equity loans, or home
equity lines of credit (HELOCs). Over the past year, there has been an <a href="https://fred.stlouisfed.org/series/RHEACBW027NBOG">increase in HELOC activity</a>, possibly
driven by recent interest rate cuts and the growing awareness among homeowners of the significant value they
can tap into for liquidity.  <br><br>

<img src="https://images.ctfassets.net/qppku9ygnsbb/2u92xYi2pMml8jOQCZr7rR/6676362be91716be4a360f663b18dcb3/Revolving_home_equity_loans__all_commercial_banks____Billions_.png"><br><br>

A key distinction between accessing home equity through a HELOC or refinancing versus selling a portion of a
retirement portfolio is that HELOCs and mortgages create debt. While these options provide short-term
liquidity, they also come with the long-term obligation to service the debt.
In recent years, payments on both consumer and mortgage debt have <a href="https://www.federalreserve.gov/releases/dsr/">risen</a> as a percentage of disposable
(after-tax) income.<br><br>

Therefore, while HELOCs offer an appealing way for homeowners to unlock liquidity, it’s
essential to consider whether they have the capacity to manage the ongoing payments that accompany this
debt.         <br><br>

                                                                                               <img src="https://images.ctfassets.net/qppku9ygnsbb/53l67ZbnSQsIfJ5IeT8Bn/2699a746c9ba54e7cde999fa12aca782/Consumer_and_mortgage_debt_to_disposable_income_ratio.png"><br><br>

  Within the evolving home equity market, <a href="https://unison.com/home-loan">Unison's Equity Sharing Home Loan</a> offers a compelling alternative to
traditional second mortgages and HELOCs, particularly in key markets that have seen substantial increases in
home equity. The Equity Sharing Home Loan is currently offered in Florida, Colorado, Utah, Arizona, and
Oregon - states that have experienced median home equity growth of 9.1%, 3.7%, 1%, 0.2%, and -0.9%
respectively over the past year.<br><br>
The Equity Sharing Home Loan combines the benefits of both debt and equity, allowing homeowners to borrow
against their home equity at competitive rates and pay half as much each month as they would with the
competition--starting as low as $455 on a $100,000 loan in November 2024. Unlike standard refinancing,
the distinct structure includes interest-only payments for up to 10 years, providing immediate access to
funds without the financial strain of high monthly costs. Additionally, homeowners can defer a portion of their
payments until the end of the loan term, giving them flexibility without prepayment penalties. This
structure bridges the gap between homeowners' need for accessible capital and their wealth locked in
home equity. It provides liquidity without the higher payment burden typical of traditional home equity
products.                                                                                            
                                       <br><br> For questions about this report, email <a href="mailto:mediadesk@unison.com">mediadesk@unison.com</a> or visit our website at <a href="https://unison.com">unison.com</a>.


Screenshot 2024-12-02 at 2.11.05 PM

2024 Home Equity Report | Unison

A reverse mortgage is a convenient way to <a href="https://www.unison.com/blog/what-is-home-equity-and-how-to-use-it/">use your home equity</a> as a cash source during retirement, but there are some <a href="https://www.unison.com/blog/reverse-mortgage-pros-and-cons/">downsides to a reverse mortgage</a>. Before committing to this home loan option, it's important to familiarize yourself with the dangers of reverse mortgages and learn how to lessen those risks.<br><br>
<ul>
<li><a href="#Understanding">Understanding Reverse Mortgages
</a>
<li><a href="#KeepinMind">What to Keep in Mind with a Reverse Mortgage</a>
<li><a href="#ADifferentOption">An Alternative to Reverse Mortgages</a>
</ul>
<br><br>

<a id="#Understanding"><h2>Understanding Reverse Mortgages</h2></a>
Reserved for homeowners over the age of 62, a <a href="https://www.unison.com/blog/reverse-mortgage-payments-costs/">reverse mortgage</a> is a home loan that allows you to turn part of your equity into accessible cash without having to sell your property. Unlike a traditional mortgage, where a borrower makes payments to the lender, a reverse mortgage requires the lender to make payments to the borrower. <br><br>

You can choose to receive your funds through monthly payments, a lump sum of cash, a line of credit, or a combination of these options. Repayment on a reverse mortgage loan is due when you move out of your home, sell your home, or pass away. <br><br>

Considering the age requirement, reverse mortgages are normally used as a supplementary income source during retirement to help cover medical costs, living expenses, and other financial needs.
<br><br>

<a id="#KeepinMind"><h2>What to Keep in Mind with a Reverse Mortgage</h2></a>

It’s important to consider all aspects of a reverse mortgage if you’re thinking about obtaining one. Be aware of some of the potential downsides and utilize these tips.<br><br>

<h3><b>It May Be Tempting to Misuse Funds</b></h3><br><br>
Not all reverse mortgage dangers are unique to this loan. A downside that comes with reverse mortgages, along with many other types of loans, is that it can be tempting to overspend. With such a large sum of money available to you, it could be easy to lose track of how much you're borrowing.  
<br><br>

<h3><b>You Could Lose Your Home in a Foreclosure</b></h3><br><br>
As with other equity-based <a href="https://www.unison.com/blog/reverse-mortgage-alternatives/">reverse mortgage alternatives</a>, losing your home is the biggest risk of a reverse mortgage. Unexpected financial burdens like rising interest rates or healthcare costs could make it more difficult for you to make payments. And if you fail to pay property taxes, insurance fees, or other home-related costs outside of the loan, your house could be foreclosed. While you never know if these events will happen to you, it's still important to add some cushion into your budget just in case. <br><br>

<h3><b>You Could Be Swimming in High Upfront Costs</b></h3><br><br>

Another reverse mortgage downside is that you'll face higher origination fees than you would with a traditional mortgage. So, you'll have to scrounge up enough funds to pay the upfront charges. But if you're taking out a reverse mortgage for quick access to extra cash, you might not be in the financial position to afford such a hefty payment, creating a major barrier to entry.<br><br>

<h3><b>Your Budget Might Collapse Under Variable Interest Rates</b></h3><br><br>

Reverse mortgages can come with interest rates that fluctuate if they have a variable, rather than fixed rates. In that case, should rates continue to rise over time, homeowners may face less borrowing potential and more financial strain. This means your loan balance could grow significantly by the end of your loan term. So, if your budget is tight, a reverse mortgage with variable rates may not be worth the unpredictability.<br><br>

<h3><b>You’ll Own Less Equity in Your Property</b></h3><br><br>

Borrowing against your equity decreases the amount of equity you have in your home. This is one of the biggest problems with reverse mortgages, as you could be left with less to pass on to your heirs. Another negative effect of reduced home equity is that it could limit your options if you want to downsize later.<br><br>

<h3><b>Shop Around for Lenders</b></h3><br><br>

Before you take out a reverse mortgage, look into multiple lenders and carefully consider their costs, repayment plans, and other terms. Find one that fits your needs and has terms you feel comfortable with based on your budget. Once you find the right lender, be sure to work with them to land on a custom plan that's best for you.<br><br>

<h3><b>Know Your Loan Options </b></h3><br><br>

There are three main types of reverse mortgages:<br><br>
<ol>
<li><b>Home Equity Conversion Mortgages (HECMs):</b> Most common and federally-insured
<li><b>Proprietary Reverse Mortgages:</b> From private lenders and best for homes appraised at high values
<li><b>Single-Purpose Reverse Mortgages:</b> From government and nonprofits, often the least expensive, and carry more limitations
</ol><br><br>
Different costs and terms are associated with each of these loan options, so research them all to figure out which is right for you, your home, and your financial situation.
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<h3><b>Trust the Experts</b></h3><br><br>
If you're still on the fence about taking out a reverse mortgage, get some advice! A good financial expert can advise you on the investment options that are suited for your circumstances. You can also take reverse mortgage counseling classes to gain more information.<br><br>

<h3><b>Set a Realistic Budget & Safety Net</b></h3><br><br>

If you're particularly worried about the risk of overspending, have a backup plan. An emergency fund set aside to cover unexpected costs can potentially help you use less of your home loan over time. Taking a close look at your budget and ensuring it's realistic can also help you manage your funds well.<br><br>

<h3><b>Borrow Only What You Need</b></h3><br><br>

The best way to avoid the reverse mortgage risk of overspending is to only borrow what you need. Rather than pulling out excess cash to have as a backup, stick to the amount that covers only the essentials so you're never tempted to overspend.<br><br>

<a id="#ADifferentOption"><h2>An Alternative to Reverse Mortgages</h2></a>

A reverse mortgage comes with a variety of risks, and it's not the right choice for everyone. If you don't meet the reverse mortgage requirements or you want a <a href="https://www.unison.com/blog/alternative-ways-to-get-equity-out-of-home/">home equity alternative</a>, consider Unison's <a href="https://www.unison.com/blog/introducing-unison-equity-sharing-home-loan/">Equity Sharing Home Loan</a>.<br><br>

The Equity Sharing Home Loan is an interest-only, ten-year second mortgage with a shared appreciation component that offers homeowners the opportunity to tap into their equity with low monthly payments. With partially-deferred interest and below-market rates, Unison designed the loan to offer more flexibility for homeowners when it comes to managing their monthly finances. In fact, your monthly payments could be as low as <i>half</i> of what they would be with a traditional equity financing option, such as a HELOC. <br><br>

If you’re looking for a way to tap into your equity but keep your monthly obligation low, <a href="https://unison.com/home-loan">learn more</a> about Unison’s Equity Sharing Home Loan today!<br><br>

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<i><font size="-1">The content on this page provides general consumer information. It is not legal or financial advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</font></i></p>

Learn more about the Unison Equity Sharing Home Loan

Potential Downsides of a Reverse Mortgage

Is a reverse mortgage a good idea? Learn about the potential downsides of a reverse mortgage and find out what you can do to protect yourself.

The Potential Downsides of a Reverse Mortgage | Unison® Equity Sharing | Blog

<i>By Lauren Rosales-Shepard, Content Writer</i><br><br>

During the peak of the <a href="https://www.unison.com/blog/undefined/covid-wfh-part-one">COVID pandemic</a>, many of us were stuck at home. It’s no surprise that, given all this extra time in our houses, there was a resultant surge in home renovations and expansion. However, borrowing costs soon skyrocketed. This slowed home sales and made it prohibitively expensive to tap into home equity to fund larger projects with traditional loan products  like a HELOC.<br><br> 

That’s about to change.<br><br>

<i>The Wall Street Journal</i> is <a href="https://www.wsj.com/economy/housing/home-renovation-loans-2025-858e386d">forecasting</a> that remodeling was not merely a COVID phase, but is ramping again. According to a prediction made by Harvard’s Joint Center for Housing Studies and its Leading Indicator of Remodeling Activity, the annual spending will <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-10-17-2024/card/remodeling-spending-forecast-to-rebound-next-year-5vYJnzcC4aSF1SIaUCz1?mod=article_inline">increase to $477 billion</a> in the first nine months of 2025, nearing the record of $487 billion for all of 2023.<br><br>

More evidence of the resurgence is a recent survey of 475 households, most of which claimed to be waiting for lower rates to use home-equity lines of credit to fund projects. The senior vice president of building products research at John Burns Research & Consulting estimates that this number is just the beginning; he suggests that there is about $30 billion in remodeling spending just waiting for the right moment. <br><br>

That moment may be now. Those who bought homes with historically low mortgage rates during the pandemic aren’t likely to move–perhaps ever–which increases the likelihood that they will renovate or expand instead. Now that the Fed has recently lowered interest rates, households may be poised to tap into their equity to fund new projects. <br><br>

One very popular new housing project is the construction of <a href="https://www.unison.com/blog/homeownership/what-are-adus">“Accessory Dwelling Units”</a> (ADUs). Also commonly referred to as a “granny house” or  “backyard cottage,” an ADU is an additional, self-contained living space attached or adjacent to the primary house on a single family residential lot. Traditionally, as the nickname “granny house” implies, these types of units were often utilized by family members in a multi-generational household. However, in California, <a href="https://therealdeal.com/magazine/november-2024/granny-flats-get-a-glow-up/">recent legislation</a> has both enabled and encouraged the construction of ADUs as rental properties–or even <a href="https://www.planetizen.com/news/2024/08/131136-san-jose-homeowners-can-now-sell-adus-condos">sellable condos</a>. In 2023, Los Angeles County alone permitted <a href="https://www.latimes.com/california/story/2024-07-30/la-is-the-epicenter-of-the-adu-boom-these-surprising-cities-are-building-the-most">more than 45,000</a> ADUs.<br><br>

Why the rising popularity? On the one hand, maintaining an ADU as a rental or even an AirBnb means additional, and eventually passive, income. But there are more wide-ranging benefits as well. ADUs are <a href="https://www.nar.realtor/magazine/real-estate-news/commentary/the-eco-friendly-adu-housing-s-game-changer">inherently sustainable</a>, as they are built on existing properties (particularly in urban areas) and therefore don’t contribute to sprawl. Plus, given their compact size, ADUs take fewer raw materials to build, conserving resources. These units are also seen as a way to <a href="https://www.marketwatch.com/story/adus-are-key-to-solving-the-housing-crisis-heres-what-to-know-b40c7672">mitigate the housing shortage</a>. States like <a href="https://states.aarp.org/massachusetts/adus-by-right-are-now-the-law-in-massachusetts-gov-healey-signs-aarp-backed-housing-bill">Massachusetts</a> and <a href="https://coloradonewsline.com/2024/08/12/colorado-law-opens-doors-wider-adu/">Colorado</a> have followed California’s example, paving the way for more homeowners to develop these small units on their land.<br><br>

Though a <a href="https://www.latimes.com/california/story/2024-09-19/pilot-program-offers-long-beach-homeowners-low-interest-loans">pilot program in Long Beach</a> is offering $250,000 in low-interest loans to build ADUs, most homeowners are turning to their built-up equity to provide the necessary funds for construction. <br><br>

<b><h3>A New Equity Financing Option: the Unison Equity Sharing Home Loan</h3></b><br><br>

When it comes to accessing home equity, there is now an additional option. Unison recently launched the Equity Sharing Home Loan, a ten-year fixed, interest-only second mortgage designed specifically to offer homeowners flexibility in their finances via low monthly payments. Through partially-deferred interest and a shared appreciation component, the Equity Sharing Home Loan endeavors to provide below-market rates that enable homeowners to save each month.<br><br> 

When it comes to renovating or remodeling, the Equity Sharing Home Loan has a particular feature of interest. The Capital Improvement Adjustment is available three years into the loan term, and is intended to offer the homeowner, if they make improvements to the home that boost its value (beyond regular maintenance), the opportunity to apply to maintain all the benefits. In other words, the value added by these improvements would not be part of the future shared appreciation. <br><br>

If you’re one of the many homeowners contemplating a renovation project, but hoping to keep your monthly payments low, <a href="https://unison.com/home-loan">learn more</a> about Unison’s Equity Sharing Home Loan today and get a rate estimate with no obligation. <br><br><br><br>

<i><font size="-1">The content on this page provides general consumer information. It is not legal or financial advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</font></i></p>


Find out how much of your home equity you can access

Renovations are on the Rise, and With Them, ADUs

Renovations are on the rise! Learn more about the upward swing, and the burgeoning Accessory Dwelling Unit trend in this blog post. 

Renovations are on the Rise, and With Them, ADUs | Unison Equity Sharing

<i>by Lauren Rosales-Shepard, Content Writer</i><br><br>

So, you’re in the market for a loan. You know it’s important to do your research and shop around. While you’re undertaking that research, though, and doing that shopping, you continuously encounter interest rates and APR. What’s the difference? And what do they really mean, functionally, for your budget, your spending?<br><br>

As you’re probably aware, an interest rate is the proportion of a loan charged to you, the borrower; it’s typically articulated as an annual percentage of the loan outstanding. When you take out a loan, you ultimately pay back the amount that you borrow, plus the interest–usually in the format of monthly payments. Interest rates can be fixed (which is exactly what it sounds like; the rate does not change), or variable (the rate can change, based on market conditions).<br><br>

APR is the acronym for “Annual Percentage Rate.” Essentially, it’s meant to represent the total annual cost of a loan, from the interest to the portion of the principal being paid, as well as fees. There’s a typical equation used to calculate APR:<br><br>

 (((Interest charges + fees) ÷ Loan amount) ÷ Number of days in loan term x 365) x 100<br><br>

But–good heavens!--that’s a lot to process. The Truth in Lending Act requires lenders to do the calculation for you, and to disclose it whenever they offer you credit, or even display an interest rate. The idea is that an interest rate doesn’t tell the whole story, and consumers are therefore protected against being surprised by any extra fees. <br><br>

That’s all well and good. But, you might ask, how much am I actually going to pay? <br><br>

<h2>Limitations of APR</h2>

First thing’s first, APR isn’t perfect. The lenders have a fair amount of leeway when it comes to selecting the fees to include in its calculation. You may be missing any fees from appraisals or titles, to credit reports or document preparation. Plus, APRs were largely designed for longer-term loans, like a first mortgage. As you might imagine, the average annual impact of mortgage closing costs is much smaller when those costs are assumed to have been spread over 30 years instead of 7 to 10 years. APR also might not accurately reflect your actual repayment behavior. Because it assumes a “standard” repayment plan, if a borrower should make extra payments, or perhaps pay less frequently than monthly, the true cost of borrowing won’t be represented by the APR. <br><br>

<h2>Monthly Payments</h2>

If you’re looking to understand just how much of your monthly paycheck is going to go towards a loan, it makes sense to focus on the actual monthly payment. With most loans, this will be a percentage of the principal, as well as interest. However, some borrowing products have a more unique payment structure.<br><br>

Take Unison’s <a href="https://unison.com/home-loan">Equity Sharing Home Loan</a>. It’s a ten-year, fixed, interest-only loan with a shared appreciation component. In terms of the monthly obligation, homeowners have the option to partially-defer the interest payment to the end of the loan. Unlike standard refinancing, the Equity Sharing Home Loan allows homeowners to borrow against their home equity at below-market rates while keeping monthly payments low—starting as low as $455 on a $100,000 loan*.<br><br>

Unison created the Equity Sharing Home Loan specifically to offer homeowners an alternative to traditional home equity financing that provided more flexibility in their monthly spending. If you want to save more money each month to put towards your goals, <a href="https://unison.com/home-loan">learn more</a> about the Equity Sharing Home Loan today.<br><br>

*For well qualified customers and based on current interest rate as of October, 2024. Rates subject to change. Other terms and conditions may apply.

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<i><font size="-1">The content on this page provides general consumer information. It is not legal or financial advice. Unison has provided these links for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of the other websites.</font></i></p>


When shopping for a loan, you'll encounter interest rates and APR. But what will you actually pay each month? This post explains APR and suggests that monthly payments may be a better indicator of actual cost.

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