What is HomePace?

HomePace is a Home Equity Investment (HEI) originator and servicer. HomePace offers HEIs to homeowners, and provides ongoing servicing for homeowners with an active HEI in place. This means we provide support to homeowners as they have questions about their contract and available financial options through the duration of their agreement

What is a Home Equity Investment (HEI)?

Home Equity Investments (HEIs) enable homeowners to extract equity from their home in the form of a cash payment, just like a second mortgage or Home Equity Line of Credit (HELOC). There is no monthly payment or interest charged for the duration of the contract, unlike debt. In exchange, HomePace receives a share of the home’s future value at the end of the contract in a single payment. This might be due to the homeowner selling their home, or refinancing their primary mortgage to pay off their HomePace contract.

I’m a HomePace client. When should I contact HomePace?

HomePace has a team in place to provide support to clients through the duration of their contract. This may include providing Settlement Statements, answering questions about your contract, supporting the sale of a home, and discussing financial options that may be available to you to buy out your contract. Note, we can’t provide financial advice, but we can be a resource to you and your financial advisor.

HomePace clients should alert their servicing team if they intend to sell their home or refinance, or are experiencing financial difficulties. Contact your dedicated team at (435) 214-1094 or servicing@homepace.com at any time.

Are you offering HEIs to new clients?

HomePace is not offering new contracts at this time. However, sign up for our mailing list to get updates as we release new tools for homeowners, or restart applications in your state! Contact support@homepace.com or (919) 737-7637 if you have specific questions for our team.