Point is a fractional home ownership service that helps owners access the equity in their home through an investment rather than a loan.
An owner will request an estimate based on their home, and Point will provide an initial quote. Point will then schedule an appraisal and prepare a final investment offer. The owner can then accept and use the funds for the requested purposes. The owner can sell their home or buy back their equity within 30 years.
According to most sources, Point collect fees equal to its equity in the home at the end of the 30-year term, when the home is sold, or when the owner refinances. Point also will collect any fees related to appraisals, escrow, or other transaction-related costs.
Point primarily makes money by investing alongside an owner and generating revenue from appreciation in the home sale value.
Point is privately held.