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09-16-2016, 09:57 PM
The newest controversial Silicon Valley startup wants to buy a stake in your home
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Point is promising to do something radical — changing how homeowners fund their mortgages and think about the value of their homes.*
Proponents say it could change the financial realities of millions of Americans. Critics agree, but worry it could be for the worse.
Point (https://point.com/) offers homeowners the chance to sell a stake in the equity of their home. When homeowners sell their house, Point gets that stake back. For instance if your home is worth $100,000, Point could take a 10% stake and give you $10,000. If you sell your home for $200,000, Point would get $20,000 from that.
The upside of the system is that it provides a way for homeowners to get an influx of cash without taking on more debt through refinancing. It also lowers the total cost of a mortgage and the interest paid on it.* Read more... (http://mashable.com/2016/09/16/point-equity-******-a/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Andreessen Horowitz (http://mashable.com/category/andreessen-horowitz/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Loans (http://mashable.com/category/loans/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Home Finances (http://mashable.com/category/home-finances/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Mortgage (http://mashable.com/category/mortgage/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Point (http://mashable.com/category/point/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/RGZf9gtqKdQ
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Point is promising to do something radical — changing how homeowners fund their mortgages and think about the value of their homes.*
Proponents say it could change the financial realities of millions of Americans. Critics agree, but worry it could be for the worse.
Point (https://point.com/) offers homeowners the chance to sell a stake in the equity of their home. When homeowners sell their house, Point gets that stake back. For instance if your home is worth $100,000, Point could take a 10% stake and give you $10,000. If you sell your home for $200,000, Point would get $20,000 from that.
The upside of the system is that it provides a way for homeowners to get an influx of cash without taking on more debt through refinancing. It also lowers the total cost of a mortgage and the interest paid on it.* Read more... (http://mashable.com/2016/09/16/point-equity-******-a/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Andreessen Horowitz (http://mashable.com/category/andreessen-horowitz/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Loans (http://mashable.com/category/loans/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Home Finances (http://mashable.com/category/home-finances/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Mortgage (http://mashable.com/category/mortgage/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Point (http://mashable.com/category/point/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/RGZf9gtqKdQ