Point is a relatively new company that focuses on using home equity to take out a loan. They are similar to a home equity line of credit but have some key differences associated with the product. They are currently licensed to operate in six states (California, Washington, Oregon, Colorado, Massachusetts and Georgia). Per the Point website their process is as follows:
The entire process takes between 13 – 23 business days typically. This is much quicker than a standard reverse mortgage or a home equity line of credit. It does have some unique advantages to the product and it does allow borrowers under age 62 who were interested in a reverse mortgage but couldn’t qualify due to their age.
Point has the following online reviews available:
All reviews updated as of 8/2/18.
|Website address||View Website|
|Address||522 Ramona St Palo Alto, CA 94301|