In what U.S. states is Invown currently available?
Invown operates in most states in the US. We will have a full list upon launch.
Invown operates in most states in the US. We will have a full list upon launch.
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]
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.
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]
All funding is collected and kept in a third-party escrow account with Prime Trust until the round closes and you receive your lump-sum payment.
Owners can request a minimum financing amount of $25,000.