About

Unison provides a financial service that allows homeowners to access the value of their home equity without taking on debt. Instead of traditional loans, homeowners can enter into a home equity sharing agreement, where they receive cash in exchange for a portion of their home equity. This means Unison becomes a co-investor in the property, sharing in any future changes in its value. This approach helps homeowners avoid monthly payments and interest, making it easier for them to use the funds for various needs like paying off debt, funding retirement, or starting a business. Unison differentiates itself from competitors by aligning its financial interests with those of the homeowner, as both benefit from the property's appreciation. The company's goal is to make housing more financially accessible and provide homeowners with the flexibility they need to improve their financial situations.

Simplify's Take

What believers are saying

• Unison's innovative model provides homeowners with financial flexibility without the burden of monthly payments or interest.
• The company's successful securitizations, including a recent $215 million transaction, demonstrate strong market acceptance and growth potential.
• Recognition of CEO Thomas Sponholtz in Inman's '2023 Best of Proptech' highlights Unison's leadership and innovation in the proptech space.

What critics are saying

• The relatively new concept of home equity sharing may face slower adoption due to lack of consumer awareness and understanding.
• Market fluctuations in real estate values could impact the financial outcomes for both Unison and homeowners.

What makes Unison unique

• Unison's home equity sharing model offers a debt-free alternative to traditional home loans, setting it apart from conventional financial services.
• The company's alignment of interests with homeowners through shared appreciation or depreciation of property value creates a unique value proposition.
• Unison's securitization of home equity sharing agreements, rated by DBRS Morningstar, enhances its credibility and attracts institutional investors.

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