Cash Now – Pay NO Interest Ever

Traditionally, homeowners in need of cash would turn to home equity loans or home equity lines of credit. Both of these options give homeowners access to cash, but they may not be ideal for all borrowers such as those who do not wish to make monthly payments. The need for alternative home equity solutions had led to the creation of innovative new products such as the Unison Agreement. The Unison Agreement allows homeowners to convert their home equity into cash without ever having to make a monthly payment or pay interest.

How does a Unison Agreement work?

At the beginning of a Unison Agreement, an independent appraiser will determine the current value of your home and you will receive a single lump-sum cash payment. As long as you continue to meet all of your obligations such as paying your mortgage and homeowners insurance, you do not have to make any payments until the agreement comes to an end. Instead, you agree to share in any future change in the value of your home with us. You can decide to share between 20% and 50% of the change in value. The amount of cash you receive will be based on the amount you choose to share as well as the value of your home, it’s condition, and your financial history. When you decide to sell your home, the Unison Agreement ends.

There is no restriction on how you use the money that you receive either. You can use the cash for anything including paying for a child’s college tuition, making home improvements, paying off other debts such as credit cards, or taking the vacation of a lifetime.

If you are considering taking advantage of the Unison Agreement, a few steps will be taken prior to an offer being made. We will start by reviewing your financial history and obtaining a credit report.
Once this information is reviewed and approved, we will determine the fair market value of your home using an independent appraiser. Once the value of your home is determined, you can decide how much of the change in value you wish to share. After all of this information is gathered and reviewed, we will make you an offer at which point you can decide if the Unison Agreement is the right choice for you.

The Unison Agreement comes to an end when you decide to sell your home. At that point, we will receive a payment based on the value of your home at that time. Most often this is the sale price of the home. Our return on investment will be based on the change in value of your home and the amount you agreed to share. We can either make or lose money based on whether your home increases or decreases in value. Once we receive the final agreed upon amount, the Unison Agreement ends.

If you are a homeowner in Carmel, CA (or other approved Unison approved cities) with equity in your home and in need of cash, the Unison Agreement may be the solution for you. Steve of C2 Financial is here to answer any questions you have regarding the Unison Agreement. Contact us today for more information!