Author Topic: Unison / Down payment assistance  (Read 1069 times)

StressLess

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Unison / Down payment assistance
« on: June 02, 2018, 02:31:55 PM »
has anyone looked into this

https://www.unison.com/

seems intriguing way to avoid PMI and also hedge potential losses.  you are giving up a piece of the appreciation but interesting opportunity for those looking for alternatives o to traditional 80/20 mortgage

tralfamadorian

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Re: Unison / Down payment assistance
« Reply #1 on: June 02, 2018, 02:52:24 PM »
According to their website they typically pay half the down payment (10% of a 20% down payment conventional mortgage) and receive 35% of the appreciation with none of the holding costs, selling costs, transfer costs, etc of real estate. They also will absorb an average of a 35% share of a loss but that is only (selling price - purchase price) and a variety of other caveats.

Sounds like it could be an excellent investment vehicle for MMMers who want to be involved in real estate without the joys of landlording. Investment side here: https://www.unisonim.com

StressLess

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Re: Unison / Down payment assistance
« Reply #2 on: June 07, 2018, 09:54:17 PM »
Thanks for that didn't see their investment page.

NYTimes ran an article about them in your money last week.

Interesting way to get your toes in without fully investing in a property.