HomePace

HomePace provides homeowners a debt free and interest free solution to tap into their home equity. HomePace partners with credit unions to help them serve more of their members’ financing needs by providing an equity-based financing alternative to members that are turned down for a loan (often due to a high debt-to-income ratio or LTV) or to provide additional financing as a compliment to the credit union’s existing mortgage, HELOC, and home equity loan solutions. HomePace does this by making a Home Equity Investment alongside the homeowner. The homeowner receives immediate funds upfront, and in exchange HomePace invests in a portion of the home’s gain or loss in value when the homeowner chooses to sell the home in the future.  HomePace’s future gain or loss is directly aligned with the homeowner, and because it is an equity investment (not a loan), there are no monthly payments or interest expense for the homeowner.