Every agreement comes to an end eventually. But with Unison, you have genuine flexibility in how that happens.
1. The 30-Year Term
At the end of 30 years, the agreement must be settled. You repay the Initial Payment plus (or minus) Unison’s share of the change in value.
2. Selling Your Home
This is the most common path. When you sell, Unison receives the Initial Payment plus its Investor Percentage of the change in value, based on the sale price.
3. Special Termination (Buyout)
You may buy out Unison at any time through a Special Termination using a third-party appraisal.
In a buyout, Unison does not share in any decrease in value. You will owe at least the Initial Payment, plus applicable Risk Adjustment amounts.
4. Passing Away
If the last signatory passes away, the estate or heirs must settle the agreement, either by selling the home or paying Unison the value of its interest. It is strongly recommended to discuss the agreement with heirs in advance.
A Note on Refinancing
You may refinance or take on new home-secured debt as long as you remain under your Maximum Authorized Debt Limit. However, because an Equity Sharing Agreement is subordinate financing, some lenders — particularly those following Fannie Mae or Freddie Mac guidelines — may decline new loans.
If refinancing is already on your horizon, it may be best to complete that process before entering into an agreement.
Disclaimer
This content is sponsored by Unison Agreement Corp. and is provided for informational and educational purposes only. It does not constitute financial, legal, tax, investment, or lending advice, nor is it a solicitation or offer.
The Unison Equity Sharing Agreement is not a traditional loan. It involves no monthly payments to Unison and no interest charges. In return, Unison shares in a portion of any future change (up or down) in your home’s value when the agreement ends (upon sale, refinance, buyout, or maturity). A Memorandum of Agreement and lien interest is recorded against your property, which may affect future refinancing or transactions. An origination fee and standard third-party closing costs apply.
Availability is limited to participating states only and is subject to eligibility requirements, credit review, income verification, and underwriting approval. Terms, fees, and conditions are subject to change. Home values can rise or fall, and there is no guarantee of any specific financial outcome. Tax consequences may apply.
Unison Agreement Corp. does not provide financial, tax, or legal advice. You should carefully review the full Equity Sharing Agreement documents and consult with your own qualified financial advisor, attorney, and tax professional to determine whether this product is appropriate for your individual situation.
For complete terms, current state availability, fees, risks, and eligibility, please visit https://www.unison.com or contact a Unison representative directly.