Patch Homes provides an alternative, debt-free approach to the standard home equity loan by offering a shared equity loan or shared appreciation mortgage. You won’t pay an interest rate but will pay the loan back by sharing profits from real estate appreciation.
Unison provides down payment assistance to homebuyers, and it offers homeowners the chance to cash out some of their home equity. There’s no loan payments to make. Instead, investors get a share of future home appreciation and a portion of the home’s value when you sell it.
Rentback is an alternative way to tap into your home equity that doesn’t involve taking out a home equity loan. Instead, Rentback connects you with an investor who will buy your home and rent it back to you. There are pros and cons to this approach, so keep reading to learn more.