Press release
Unison Launches Innovative Equity Sharing Home Loan to Convert Home Equity Into Cash
New Home Loan Category Supported by New Carlyle Investment Offers Interest-Only, Below-Market Monthly Payments to Fund Personal Goals Without Selling Assets
About this update from The Carlyle Group Inc.
[{"type":"text","content":"New Home Loan Category Supported by New Carlyle Investment Offers Interest-Only, Below-Market Monthly Payments to Fund Personal Goals Without Selling Assets or Increasing Debts \nSAN FRANCISCO, Sept. 17, 2024 /PRNewswire/ -- Unison, the pioneer of equity sharing agreements, today announced the launch of the Unison Equity Sharing Home Loan, which enables homeowners to receive cash today at below-market rates. \n\nUnison launches new Equity Sharing Home Loan that enables homeowners to receive cash today at below-market rates.Today, the company also announced that global investment firm Carlyle (NASDAQ: CG) has entered into an agreement to purchase up to $300 million of equity sharing home loans from Unison as part of the Unison Equity Sharing Home Loan launch. \nU.S. homeowners have almost $32 trillion in home equity, but most aren't refinancing their current low-interest first mortgages, which results in their biggest asset being inaccessible as homes continue to appreciate.\nThe innovative Unison Equity Sharing Home Loan combines the benefits of home loans and home equity sharing agreements into a unique mortgage solution that allows homeowners to manage personal financial goals by converting home equity into cash with low monthly payments. This new financial product also introduces potential home price appreciation to investors in the mortgage asset category.\nThe Unison Equity Sharing Home Loan offers homeowners a fixed below-market interest rate for accessing a portion of their home equity, while also allowing them to make use of the appreciation potential of their home. Homeowners lucky enough to have a low-interest first mortgage can maintain their favorable rates, and access capital immediately, with minimal impact to monthly cash flow.\n\"Whether homeowners want to renovate their homes, consolidate high-interest debt, or secure their financial future, Unison's Equity Sharing Home Loan offers a versatile and customizable solution to suit their individual needs and aspirations,\" said Ryan Downs, President of Unison. \"With lower monthly payments, made possible by shared home appreciation, homeowners can confidently pursue their financial goals with peace of mind.\"\nAbout the Unison Equity Sharing Home Loan \nLower Monthly Payments: An interest-only loan, part of the cost is offset by sharing a portion of the home's future...