Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options.

The San Francisco-based Unison calls its new offering the Equity Sharing Home Loan. The company explained that the product operates as a ”hybrid between debt and equity.” It’s initially available in Arizona, Utah and Colorado, and a spokesperson said the company has plans to expand into states representing 50% of U.S. home equity by the end of this year.

The product is a second mortgage with a below-market interest rate that allows details ⇒

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