Less homeowners are tapping into their home equity (Credit: iStock) American homeowners are doing something surprising: Despite record amounts of home equity available to them — an estimated $1.5 trillion worth — they are tapping into it less via home-equity credit lines (HELOCs) and cash-out refinancings. The big question is why. Are people simply getting […]
Startup that offers alternative to home equity lending raises $122M
Point CBO Eoin Matthews (Credit: Point and iStock) A startup that buys equity in homes and then offers to sell it back to residents has raised $122 million. Point, a Palo Alto-based firm, said Wednesday it raised $22 million in a Series B funding round led by Prudential Financial and DAG Ventures, according to Inman. […]