Many or all companies we feature compensate us. Compensation and editorial research influence how products appear on a page. Home Equity Home Equity Investments Point Competitors and Alternatives Updated Apr 11, 2024 3-min read Written by Aly Yale Written by Aly Yale Expertise: Home equity, mortgages, real estate Aly Yale is a freelance writer with more than a decade of experience covering real estate and personal finance topics. Learn more about Aly Yale Point is an equity-sharing company for homeowners. The company purchases a share of your home’s equity, and you get a lump-sum payment in return. Those funds can then be used as needed. Below, we’ll look at how Point compares to some of its primary competitors and some alternative home equity financing options. Point competitors Point’s two direct competitors are Hometap and Unlock. In the following table, we’ll examine how each company compares to Point. PointHometapUnlockOur rating4.7/54.6/54.7/5Credit score500+500+550+Min. investment$25,000$15,000$30,000Max. investment$500,000$600,000$500,000Term Length30 years10 years10 yearsPrequalifyPrequalifyPrequalify Hometap Free Cash Estimate Investments from $15,000 to $600,000Highest customer rating of all companies listedNo out-of-pocket costs What makes it a good alternative to Point? Hometap is an excellent alternative to Point as it received a higher editorial rating from our team and received higher ratings from its customers. Its investment range is wider than Point’s, accommodating the needs of homeowners looking for a smaller or larger investment. Another difference is in the length of the term. Hometap’s term length is set at 10 years, which is appealing for those who would like a quicker resolution to their investment. Unlock Free Cash Estimate Investments from $30,000 to $500,000Only company allowing partial buyout paymentsPrequalify and receive a cash estimate with no impact on your credit score What makes it a good alternative to Point? Unlock received our highest editorial rating in our evaluation of home equity sharing agreements and received an excellent rating on Trustpilot with over 750 reviews. Its equity-sharing agreement offers more repayment flexibility than Point as it allows homeowners to make partial payments throughout the term as opposed to one single lump sum. The length of the term is also shorter at 10 years compared to Point’s 30-year term which is better for those looking to avoid a longer-term arrangement. Alternatives to Point’s home equity financing solution Though Point, Hometap, and Unlock can all help you unlock your home’s equity, they’re not your only option if you need cash. Homeowners can also consider a home equity loan or line of credit instead. See how these products measure up to home equity sharing below. PointFigureSpring EQProductInvestmentHELOCHome equity loanCredit score500+640+620+Min. funding$25,000$15,000$25,000Max. funding$500,000$400,000$500,000Term Length30 years5 – 30 years5 – 30 yearsPrequalifyPrequalifyPrequalify Figure View Rates Rates between 2.88% and 13.25% APRFunding between $15,000 and $250,000The initial draw will be repaid at a fixed rate The advertised rate includes .75% discount for opting into a Quorum membership and enrolling in autopay. Terms and conditions apply. Visit Figure.com for further details. Figure Lending LLC is an equal opportunity lender. NMLS #1717824 What makes it a good alternative to Point? Figure offers a variety of financing products, including HELOCs, personal loans, and mortgage refinancing. They also offer banking services, investment options, and merchant payment solutions. The biggest benefit, when compared to Point, is Figure’s much higher loan-to-value ratio, which allows you to tap 85% of your home’s value versus just 80% from Point. There’s also a smaller minimum payment ($15,000 vs. Point’s $25,000), and there are more term choices, too. You can choose between five and 30-year terms. Point offers a single 30-year term. Spring EQ View Rates Rates starting at 5.205% APRFunding between $25,000 and $500,000Term lengths between five and 30 years What makes it a good alternative to Point? Spring EQ is a company that offers home equity loans and several types of mortgages, including home purchase loans, refinances, and cash-out refinances. Spring EQ also offers insurance policies through its partner insurance agency. A home equity loan from Spring EQ can be a good alternative to Point because it’s available nationwide, has a predictable repayment amount, and doesn’t require you to exchange equity in your home.