Repayment of loan

Balance Home requires its customers to pay a monthly fee, which comprises an occupancy payment and a share of home’s expenses, like taxes and insurance. There is also an optional Flex payment allowing to use home equity for monthly payments in lieu of cash payments. 

As soon as the co-ownership partnership ends or the ten-year duration of the program expires, the remaining balance is usually reimbursed when you sell your house or switch to a standard mortgage.

Early payoff

Balance Home customers can opt for repurchasing Balance’s shares in their home’s at any time. The appreciation in the home’s value above the price index is deduced toward the homeowner.