HEI Financing Question

[Addie Miles]

Hello Everyone,

I recently heard about a loan product called an HEI - Home Equity Investment. I spoke with a senior client who has significant equity in her home, however is in need of some cash to sustain her financially. I have done some preliminary research on companies such as Point and Splitero who offer such a product.

I'd appreciate any information anyone may have as to whether this is a viable option or something to be avoided. Thanks!