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Frequently Asked Questions

What is an Equity Sharing Agreement?

what is, how it works, equity sharing, overview, home equity, no payments

Is an Equity Sharing Agreement a loan?

loan, debt, mortgage, interest

How much funding is available?

how much, funding, available, invest, investment, money, amount, maximum, minimum, home equity, access, unlock

How does an equity sharing agreement end?

term length, how long, duration, 30 years, when does it end, expiration

What percentage of the future change in the home’s value will Unison share?

what percentage, how much does Unison get, equity split, Unison share, appreciation split

How does Unison determine my home's starting value?

risk adjustment, starting value, 5%, home value discount, original value, how calculated

What is the difference between a share of home value and a share of change in value?

share of home value model, share of change in value, investor percentage, amount, cost

Will an Equity Sharing Agreement affect my current mortgage rate?

current mortgage, interest rate, refinance

What happens to the equity I'm building with every mortgage payment?

mortgage payments, paying down principal, equity buildup, monthly payments, do I keep equity

Do I still own my home with an Equity Sharing Agreement?

who owns, ownership, title, co-owner, does Unison own my house, deed

How does Unison secure its interest in the property?

lien, title, second lien, property record, how Unison secures investment

In what situations would Unison not be the right option?

not right for me, disqualify, reverse mortgage, short-term, moving soon, when to avoid

So, what's the catch?

In which states are Equity Sharing Agreements available?

available states, eligible locations

What do I need in order to qualify for a Unison equity sharing agreement?

qualify, eligibility, credit score, LTV, DTI, how to qualify, apply

What does Unison need to know in order to determine whether they will invest in my home?

requirements, what do I need, eligibility, credit, income, qualification

What kind of properties are eligible?

property types, condo, single family, townhouse, second home, eligible

What is the Owner Occupancy Requirement?

owner occupancy, must I live there, primary residence, travel, vacation home

Am I allowed to rent my property in the future?

renting, can I rent, landlord, tenants, rental income, Airbnb, investment property

Will applying hurt my credit score?

credit check, will this hurt my credit, hard pull, soft pull, credit score impact

Why does Unison require a home appraisal and is it accurate?

appraisal, home valuation, appraisal process, home worth, how is value determined

How does Unison assess my property?

property assessment, how does Unison value my home, inspection, appraisal

What are the costs associated with Unison?

costs, fees, how much does it cost, upfront costs, closing costs, transaction fee

How does Unison affect my taxes?

taxes, tax implications, taxable income, tax deduction, IRS

Will Unison share in the value added by my home improvements?

renovations, remodel, upgrades, home improvements, added value

What happens if I get behind on home maintenance?

maintenance, neglect, upkeep, repairs, not maintaining, behind on maintenance

If I choose a Unison equity sharing agreement, can I still refinance in the future?

refinancing, can I refinance, new mortgage, Fannie Mae, Freddie Mac, restrictions

What if I can't make my mortgage payments and default?

default, missed payments, behind on mortgage, financial hardship, late payments

What happens if I'm facing foreclosure?

foreclosure, losing home, bank foreclosure, lender, help, hardship

What happens to the Unison agreement if I pass away?

death, what happens if I die, heirs, estate, inheritance, pass away

Can I sell my home any time I want?

selling, sell my home, selling process, how to sell, notify, settlement

Can I buy out Unison's investment without selling my home?

buy out Unison, early payoff, exit agreement, pay off, refinance out, end early

How is Unison's profit or loss calculated upon sale?

how is payment calculated, how much do I owe, settlement, sale calculation, payoff amount

Does Unison share in the downside if my home loses value?

home value drops, depreciation, downside, loss sharing, declining market, lose value, owe less

What is the “restriction period”? Can I sell my home at any time?

restriction period, early sale, sell early, limitations, five years, early exit

What is the Equity Appreciation Limit and how does that affect my payment to Unison during the Restriction Period?

appreciation limit, cap, maximum payout, restriction period, early exit cost

What is a Deferred Maintenance Adjustment?

deferred maintenance, maintenance adjustment, property upkeep, neglect, repairs required

Does Unison share in selling costs?

selling costs, closing costs, agent fees, commission, who pays fees

What happens if I'm still in my home after 30 years?

term, 30 years, settlement, end of agreement, termination, forced sale

about, company background, who is Unison, history, founded

What is Unison’s business model?

how does Unison make money, profit, business model, no debt, equity sharing

Where does Unison’s funding come from? Who are your investors?

investors, where does money come from, funding, institutional investors

How do I know if I can trust Unison?

trust, is Unison legit, reviews, BBB, Better Business Bureau, reputation

How does Unison store and protect my information?

privacy, data security, personal information, protect my data, confidential

No results found

Visit our contact page to send us your questions or give us a call at 855-864-7664.

Topics

Will an Equity Sharing Agreement affect my current mortgage rate?

No. Your existing mortgage and its interest rate stay exactly as they are. A Unison Equity Sharing Agreement is a separate agreement, secured by a lien recorded behind your first mortgage, which means it does not touch, modify, or replace your current home loan or its rate.

Next

What happens to the equity I'm building with every mortgage payment?

What is an Equity Sharing Agreement?

what is, how it works, equity sharing, overview, home equity, no payments

Is an Equity Sharing Agreement a loan?

loan, debt, mortgage, interest

How much funding is available?

how much, funding, available, invest, investment, money, amount, maximum, minimum, home equity, access, unlock

How does an equity sharing agreement end?

term length, how long, duration, 30 years, when does it end, expiration

What percentage of the future change in the home’s value will Unison share?

what percentage, how much does Unison get, equity split, Unison share, appreciation split

How does Unison determine my home's starting value?

risk adjustment, starting value, 5%, home value discount, original value, how calculated

What is the difference between a share of home value and a share of change in value?

share of home value model, share of change in value, investor percentage, amount, cost

Will an Equity Sharing Agreement affect my current mortgage rate?

current mortgage, interest rate, refinance

What happens to the equity I'm building with every mortgage payment?

mortgage payments, paying down principal, equity buildup, monthly payments, do I keep equity

Do I still own my home with an Equity Sharing Agreement?

who owns, ownership, title, co-owner, does Unison own my house, deed

How does Unison secure its interest in the property?

lien, title, second lien, property record, how Unison secures investment

In what situations would Unison not be the right option?

not right for me, disqualify, reverse mortgage, short-term, moving soon, when to avoid

So, what's the catch?

In which states are Equity Sharing Agreements available?

available states, eligible locations

What do I need in order to qualify for a Unison equity sharing agreement?

qualify, eligibility, credit score, LTV, DTI, how to qualify, apply

What does Unison need to know in order to determine whether they will invest in my home?

requirements, what do I need, eligibility, credit, income, qualification

What kind of properties are eligible?

property types, condo, single family, townhouse, second home, eligible

What is the Owner Occupancy Requirement?

owner occupancy, must I live there, primary residence, travel, vacation home

Am I allowed to rent my property in the future?

renting, can I rent, landlord, tenants, rental income, Airbnb, investment property

Will applying hurt my credit score?

credit check, will this hurt my credit, hard pull, soft pull, credit score impact

Why does Unison require a home appraisal and is it accurate?

appraisal, home valuation, appraisal process, home worth, how is value determined

How does Unison assess my property?

property assessment, how does Unison value my home, inspection, appraisal

What are the costs associated with Unison?

costs, fees, how much does it cost, upfront costs, closing costs, transaction fee

How does Unison affect my taxes?

taxes, tax implications, taxable income, tax deduction, IRS

Will Unison share in the value added by my home improvements?

renovations, remodel, upgrades, home improvements, added value

What happens if I get behind on home maintenance?

maintenance, neglect, upkeep, repairs, not maintaining, behind on maintenance

If I choose a Unison equity sharing agreement, can I still refinance in the future?

refinancing, can I refinance, new mortgage, Fannie Mae, Freddie Mac, restrictions

What if I can't make my mortgage payments and default?

default, missed payments, behind on mortgage, financial hardship, late payments

What happens if I'm facing foreclosure?

foreclosure, losing home, bank foreclosure, lender, help, hardship

What happens to the Unison agreement if I pass away?

death, what happens if I die, heirs, estate, inheritance, pass away

Can I sell my home any time I want?

selling, sell my home, selling process, how to sell, notify, settlement

Can I buy out Unison's investment without selling my home?

buy out Unison, early payoff, exit agreement, pay off, refinance out, end early

How is Unison's profit or loss calculated upon sale?

how is payment calculated, how much do I owe, settlement, sale calculation, payoff amount

Does Unison share in the downside if my home loses value?

home value drops, depreciation, downside, loss sharing, declining market, lose value, owe less

What is the “restriction period”? Can I sell my home at any time?

restriction period, early sale, sell early, limitations, five years, early exit

What is the Equity Appreciation Limit and how does that affect my payment to Unison during the Restriction Period?

appreciation limit, cap, maximum payout, restriction period, early exit cost

What is a Deferred Maintenance Adjustment?

deferred maintenance, maintenance adjustment, property upkeep, neglect, repairs required

Does Unison share in selling costs?

selling costs, closing costs, agent fees, commission, who pays fees

What happens if I'm still in my home after 30 years?

term, 30 years, settlement, end of agreement, termination, forced sale

Who is Unison?

about, company background, who is Unison, history, founded

What is Unison’s business model?

how does Unison make money, profit, business model, no debt, equity sharing

Where does Unison’s funding come from? Who are your investors?

investors, where does money come from, funding, institutional investors

How do I know if I can trust Unison?

trust, is Unison legit, reviews, BBB, Better Business Bureau, reputation

How does Unison store and protect my information?

privacy, data security, personal information, protect my data, confidential

No results found

Visit our contact page to send us your questions or give us a call at 855-864-7664.

Topics

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Equity Sharing Agreement

Frequently Asked Questions

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"Unison" is a trademark of Real Estate Equity Exchange, Inc. All rights reserved. Unison Mortgage Corporation, Unison Agreement Corporation, Unison Investment Management, LLC, and Unison Insurance Services, LLC, are separate operating subsidiaries of Real Estate Equity Exchange, Inc.

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