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The rise of equity-sharing, down payment assistance
By reinvestor on June 1, 2017
A new trend is seeing finance companies help buyers with a down payment on a home in exchange for future equity in their properties.
Companies such as OWN Home Finance and Unison are prepared to offer buyers up to fifty percent of the cost of a down payment, or 10 percent of the home’s value, but when buyers decided to sell the company takes around 35 percent of the profit. Unison partners with Freddie Mac to automate the mortgage underwriting process with an equity stake.
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