Currently there are 3 ways to pay Nada’s lien off:
1. Refinance into a traditional mortgage.
2. Payoff the Homeshare in cash, either by selling the home or with cash on hand.
3. Obtain a new Homeshare with another 10-year term.
Our Homeshares contracts are 10 year options, so homeowners have a full 10 years to buy back their equity shares. The updated value of the Homeshare is determined by a 3rd party market valuation at the time of close. Nada offers discounted mortgage and in some locations real estate services to current Homeshare clients.
Watch this short video for more information: Homeshare Payoffs
For assistance with refinancing, selling or payoff information, please email hello@nada.co