Unison Launches Innovative Equity Sharing Home Loan to Convert Home Equity Into Cash

The securitization is Unison’s second under DBRS Morningstar’s ratings criteria for the U.S. Home Equity Investments asset class

You’ve probably heard of home equity loans, and have a general idea of what they are. But if you’re looking for a way to access your growing home equity and considering your options, a “general idea” isn’t going to cut it.

It’s no secret that Americans are sitting on an enormous amount of home equity (nearly $30 trillion!) But sitting is a passive act; you may be wondering whether there’s a way you could make your equity actively work for you.

As Inman expands its awards program recognizing the achievements of trailblazers throughout the real estate community, Sponholtz is selected as a winner in “Alternative Finance.”

A cash-out refinance is a mortgage refinancing solution that allows homeowners to replace their existing mortgage with a new one–usually at a higher loan amount–and receive the difference between the two loans in cash.

You’ve probably heard it’s good to build equity in your home. But what is home equity, exactly? How can you calculate the equity you have in your home? What can you even use that home equity to do?