Personal Finance
Pay Off Debt Faster — Without Piling On Higher Payments
A smarter way to tap into your home's equity helps you cover expenses and cut stress without adding another heavy bill.
Carrying high-interest debt can feel overwhelming. Credit cards, car loans, or medical bills can stack up quickly — and the last thing you need is another heavy monthly payment. Traditional loans and refinances often make the problem worse, with higher costs, more interest, or even a reset of your mortgage. That’s why many homeowners are turning to Unison’s Equity Sharing Home Loan, a smarter way to tap into equity without adding stress.
Why Conventional Options Come Up Short
When it comes to managing debt, most equity-tapping tools come with tough trade-offs:
- Cash-out refinance: Replaces your mortgage with a larger one, potentially sacrificing a low rate and adding closing costs.
- Home equity loan: Offers predictability with fixed payments, but often comes with high monthly bills.
- HELOC: Lets you borrow as needed, but variable rates make it hard to plan — and payments can spike unexpectedly.
These options may help in the short term, but they often leave homeowners feeling even more stretched — which defeats the purpose of trying to get ahead.
Why Unison Works For Debt Payoff And Big Expenses
For homeowners juggling credit cards, medical bills, or other high-interest balances, relief often comes with bigger monthly payments. Unison’s Equity Sharing Home Loan flips that script — giving you access to cash without piling on heavier bills. Unlike a refinance or traditional second mortgage, it’s a different way to use your home’s value.
Here’s how Unison’s Equity Sharing Home Loan is structured:
- Access up to $400,000 (or up to 35% of your home’s value, depending on location)
- Make low, interest-only payments for 10 years
- 25% of interest is deferred until the end of the loan term
- Repay the original amount plus a fixed share of your home’s appreciation
- Pay off early at any time with no prepayment penalty
This unique structure helps make it possible to pay off debt or cover big expenses while keeping your monthly budget under control.
How Homeowners Are Putting It to Work
Unison’s Equity Sharing Home Loan isn’t just for debt relief. Many homeowners use it to:
- Pay tuition or education costs
- Cover medical bills or unexpected expenses Invest in home improvements — with added peace of mind thanks to the Capital Improvement Adjustment feature
The Capital Improvement Adjustment feature ensures eligible upgrades — like a remodeled kitchen, finished basement, or new energy-efficient windows — are fully credited back to you. After three years, an appraiser determines the value your improvements added, and that amount is excluded from Unison’s shared appreciation calculation. You keep the equity you worked to create.
Paying off debt and covering life’s big expenses doesn’t have to mean more stress. With Unison’s Equity Sharing Home Loan, you can lower your payments today, gain flexibility for tomorrow and protect the value you’ve worked hard to build.
See how Unison’s Equity Sharing Home Loan can help you pay off debt faster while keeping your budget under control.
Disclaimer: This article is sponsored by Unison and provides general consumer information only. It is not financial, legal, or investment advice. Consult a qualified professional before making decisions about home equity products. Borrowing against home equity involves risks, including increased debt, potential loss of equity if property values decline, and foreclosure if payments are not made. Unison’s Equity Sharing Home Loan requires a minimum FICO score of 680, at least 30% home equity, and other eligibility criteria; repayment includes the original amount, deferred interest, and a share of future home appreciation. Terms and availability vary by location. Contact Unison for details. This article contains links to third-party websites, which we do not endorse or control. Access these links at your own risk. Statements about home value appreciation are forward-looking and based on assumptions; actual results may vary.
