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)?