has anybody tries HEI or home equity investing loan

[Richard Moreno]

I've been trying to get a HELOC on my investment property in Providence. And I have had a few offers with reasonable rates. But I was recently offered a home equity investment loan. has anybody used this type of product? I don't know the exact terms yet, but I do know that they lend you from the equity of the property with some points being charged and and NO monthly payments and they will get a % of the equity when you resell or refinance.