HomePace Pros and Cons
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An introduction to HomePace
HomePace is made up of a group of professionals based in Utah. The company offers two key services: providing funds for a down payment on a home or assisting existing homeowners access some of the home's equity. They provide a "silent partnership" of home co-ownership—an alternative to the typical home equity loan by supplying cash now.
Home Purchase Down Payment
HomePace will match your down payment in exchange for a share of your home's future change in value. This means you will receive half of the 20% down payment at the start of the contract.
Home Value Investment
If you are currently a homeowner and have a project you want to finance, HomePace provides up-front cash in exchange for a share of your home's future change in value. When you sell your home, HomePace gets paid its portion of the proceeds.