Frequently Asked Questions

Settlement

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

Can I buy out Unison's investment in my home?

What happens when I decide to sell my home?

Who decides when our partnership ends? Can you force me to sell my house?

Is it possible I could end up owing Unison back less money at the end than I received at the beginning?

Does Unison share in selling costs?

What is a Deferred Maintenance Adjustment?

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

What is an Equity Sharing Agreement?

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

How much funding is available?

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

How long is the term and what happens at the end?

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

If I partner with Unison, who owns the home?

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

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 secure its interest in the property?

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

Does Unison benefit from the equity that is built as I pay down my mortgage?

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

What is the Risk Adjustment and how does Unison determine my home’s starting value?

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

In which states are Equity Sharing Agreements available?

states, my state, where available, locations, eligible states

What is the Owner Occupancy Requirement?

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

What kind of properties are eligible?

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

Am I allowed to rent my property in the future?

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

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 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

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

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

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 are the costs associated with Unison?

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

How does Unison store and protect my information?

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

Do you have to check my credit? When does that happen?

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

How does Unison assess my property?

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

Will Unison share in the value of 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

What happens if there is a foreclosure?

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

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

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

How does Unison affect my taxes?

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

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 something happens to me during my agreement?

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

In what situations would Unison not be the right option?

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

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

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

Can I buy out Unison's investment in my home?

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

What happens when I decide to sell my home?

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

Who decides when our partnership ends? Can you force me to sell my house?

forced sale, can Unison make me sell, who decides, term end, sole owner

Is it possible I could end up owing Unison back less money at the end than I received at the beginning?

home value drops, depreciation, declining market, lose value, owe less

Does Unison share in selling costs?

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

What is a Deferred Maintenance Adjustment?

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

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

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

How do I know if I can trust Unison?

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

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

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