What happens if I refinance my mortgage while the investment agreement is still in place?

When you refinance your primary loan, it will be considered a financing event. You will have to pay investors their share. If you have a mortgage when you Invown, the investors will be given the second lien position behind your mortgage. During the refinance process, you will pay off [more]

By |2021-04-01T10:23:24-04:00February 26, 2021|Comments Off on What happens if I refinance my mortgage while the investment agreement is still in place?

Can I end the investment term early?

Yes. You can end the contract with investors by buying them out based on a third-party appraisal of the property any time after the first anniversary.

By |2021-04-01T10:25:36-04:00February 26, 2021|Comments Off on Can I end the investment term early?

What happens at the end of the term?

The investment matures in the following ways: Investors are paid what they are owed prior to the end of the term (after the mandatory year-long holding period ends) A financing event occurs (a refinance, a sale, additional debt is taken out against the home, etc.) At the end of [more]

By |2021-05-06T17:36:21-04:00February 26, 2021|Comments Off on What happens at the end of the term?

How do I receive the money from the investor(s)?

Funding is collected and held in a third-party escrow account through Luminate Bank or Enterprise Bank & Trust, as applicable to the offering, until the round closes. If the offering successfully closes, funds are released according to the applicable offering documents.

By |2026-08-25T09:29:03-04:00February 26, 2021|Comments Off on How do I receive the money from the investor(s)?

Do investors have any rights to my property during the term?

Investor names are never added to your title because this agreement is contractual rather than one that is recorded on the title of your property. This means that investors’ interests must be settled before you can sell your home since investor interest ise secured by a lien against your [more]

By |2021-04-01T10:35:50-04:00February 26, 2021|Comments Off on Do investors have any rights to my property during the term?