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Unison for Down Payment Help Up?
Hello all,
I was wondering if anyone out there had any experience with Unison (https://www.unison.com/)? I'm a first time home buyer looking for a mutli- family property, but due to property-taxes in my area being fairly high and rent levels stagnating a bit, I need all the help I can get to make my monthly mortgage payment as low as possible.
Unison apparently matches a 10% down payment in exchange for that equity in your home even though you're 100% in control of the home. They're like a partner. They share the gain if/when you sell as well as the loss, and you can also buy them out later.
Thoughts?
Thanks,
Caleb