Let's say your property is valued at $750,000
In exchange for $75,000, or 10%, you agree to share 25% of your home's appreciation or depreciation.
Monthly Payment: $0
Share of Appreciation or Depreciation: 25%
Term: 10 Years
Before the term expires, you decide to sell your home or refinance your loan with Homeshares.
Here are A few possible outcomes:
= $50,000 + $75,000
Disclosure: The terms shown on this page are for illustrative purposes only and are intended to demonstrate how a sample Homeshares loan works. These terms may not be representative of the terms that a homeowner with similar characteristics is offered. The outcomes shown for future home values are just a few out of the many possible and probable outcomes.
The exit outcomes shown on this page are linked to the sale of the property. In actual, the homeowners may decide to pay back Homeshares through other means including cash-out refinance, move-out, early payment among others. In the case of the home sale, the final payment to Homeshares is based on the home sale price or the home appraisal, whichever is higher. At that time, the homeowner will responsible for paying all costs associated with the home sales, including but not limited to broker commissions, legal etc. Those costs have not been shown here. Equivalent APR assumes appraisal fees of $1000, discharge fees of $500, and legal fees of $2,100. It also includes the 4% lender fee charged by Homeshares.