General World News

Shared-equity firm Point expands into two more states

Palo Alto, California-based fintech Point, which offers home-equity investment (HEI) contracts to homeowners, is expanding its services into Nevada and Ohio.

With the expansion, Point’s HEI contracts are now available in 18 states and the District of Columbia, according to the company.

“Nevada homeowners are sitting on more than $150 billion in tappable home equity, and Ohio homeowners have more than $330 billion,” said Eddie Lim, CEO and co-founder of Point. “The vast majority of homeowners in both states have tappable equity and are sitting on an incredible amount of wealth in their homes.

Point’s HEI contracts provide homeowners with cash upfront in exchange details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com