# 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