The newest controversial Silicon Valley startup wants to buy a stake in your home
 

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 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...

More about Andreessen Horowitz, Loans, Home Finances, Mortgage, and Pointhttp://feeds.feedburner.com/~r/Mashable/~4/RGZf9gtqKdQ