Disclosures
Please see below for a summary of the required regulatory disclosures and risk statements. Final Disclosures and terms will be provided during the application process and in your final Closing Documents. Please read all terms and disclosures carefully.
Our complete Terms and Disclosures are available here. Fees and Costs may vary by Agreement. All final Costs and Terms for your Agreement will be included in your Closing Documents. Please read these carefully.
A Leap HEI is not a traditional loan
A home equity investment is structured as an equity investment, not a debt instrument. It does not appear on your credit report, but it does encumber the title of your home for the duration of the investment. Costs, Fees and final repayment amount will vary based on the terms of the investment. Refer to your Closing Documents for final Terms.
Repayment can exceed the original investment
If your home appreciates significantly during the investment term, your repayment will exceed the original investment amount. The appreciation share is set at closing and never changes during the term.
Repayment can be less than the original investment
If your home declines in value, your repayment will be reduced. In severe declines, the repayment can fall below the original investment.
Tax treatment
Tax treatment of an HEI depends on your jurisdiction and individual circumstances. Consult a tax professional before relying on tax assumptions in your decision.
Equal housing
Equal Housing Opportunity. Leap does not discriminate on the basis of race, color, religion, sex, handicap, familial status, or national origin.