Unison provides a lump sum amount in cash, in some cases up to 20% of the home value, to empower homeowners to have access to their equity. Unison HomeOwner program provides a special platform for existing homeowners to tap into their home equity without adding to their debt or payments on a home equity loan (HELOC).

This mitigates the requirement for mortgage insurance on the homeownerвЂ™s part, thereby lowering monthly installments by 15%-20%. By sharing the down payment 50-50 in home purchase with the buyer, Unison lessens the burden of Loan to Value (LTV) for the home buyer. This product is apt for the new-age American who doesnвЂ™t like to save but is capable enough to afford the EMI of home ownership. It is a true partnership where both the company and home owner win or lose together in a varied ratio. Rather, it is an investment that can be held for up to 30 years and gives Unison 35% of the upside or downside of the home equity. On top of that, the contribution is not considered a loan. The Unison HomeBuyer program paves the way for people who wish to buy their home by providing half of the down payment required. Its flagship products include a product for home buyers and a product for home owners. In the last 10 years, Unison has revolutionized home ownership investing. Rather, it is licensed along similar lines as a real estate broker and provides a feasible platform to purchase real estate. The underlying idea behind Unison was to target the residential real estate market on a massive scale by concentrating a financial product that allows homeowners a way to fund their home purchase or to earn equity through a home ownership investment. The mortgage side is becoming a commodity but there is a massive dearth of products targeting homeowner equity. Residential real estate in the US is the largest asset class with a 2016 total value of $23.9 trillion, out of which $13.7 trillion is made up of household equity and the rest comprised of debt and mortgages. He later headed the Nomura venture fund that focused on Fintech start-ups. Riccitelli started his career with Nomura Securities in New York, a leading securities and investor banking company. A year later, James Riccitelli, joined Thomas as Co-CEO and they launched the initial product at Unison. At Barclays, he was instrumental in the development of the first fixed income ishares (ETF). The initial capital invested was raised from pension funds and endowments.ДЇounder Thomas Sponholtz, Unison CEO and chairman of Unison, was co-head of the fixed income group at Barclays Global Investors prior to Unison. The company launched its homeownership investment product in 2007, through which it has so far managed to invest more than $300 million. Unison (earlier FirstREX), founded in 2005, is headquarters in San Francisco, California with a team of 70 employees and regional sales managers.

Unison not only understands the pain point of the consumer, but has created a new category of home ownership by investing in homes through UnisonвЂ™s HomeOwner and HomeBuyer products. Home buyers want to put a substantial portion of the sales price down to ensure monthly mortgage payments are sustainable, but on the flip side, they donвЂ™t want their entire net worth sitting in one illiquid asset. Millennial lack of savings is well documented, creating a catch-22 for prospective homeowners. It allows people to buy more home, remove the mortgage insurance expense, or reduce monthly payments.ДЄ recent report by the US Census Bureau shows the home ownership rate decreased to 63.7% in 2016, the lowest yearly average in 50 years. One of lifeвЂ™s biggest dreams is owning a home, but lack of funds, especially for down payment, proves to be a stumbling block for some would-be home owners.В Unison is unique in that it helps home purchasers with their down payments withoutВ lending them money. Saving Stream Property Development Asset Secured

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