'Point' is a unique financial service that helps people interested in purchasing a home to stay financially responsible in the process.
One of the biggest problems that people face when purchasing a home is the prospect of taking on inordinate amounts of debt. For homeowners, their house is the most expensive thing that they own, and few people have enough to purchase an entire property in one payment. But taking out a home loan means interest rates and monthly payments, which are not only tedious but can be financially crippling as well.
Point changes the financial game by offering to simply purchase a percentage of a home's equity. Rather than acting as a loan, this payment is an exchange: consumers forfeit the value of that equity so that they can purchase the rest of their home.