HEIs enable homeowners to cash out on some of their home’s equity by giving an investment company a minority stake in the property. HEIs are secured like a loan, but homeowners do not make a monthly payment. At the end of the agreement (typically between 10- to 30-years in length), the homeowner pays back the advance in home equity from the investment company and a percentage of the home’s appreciation. Companies that provide HEIs charge an origination fee of around 3 to 4 percent, and will usually take a 15 to 25 percent share of the home’s appreciation. HEIs are often seen as an alternative to Home Equity Lines of Credit (HELOCs)

https://www.inman.com/2021/10/12/home-equity-startup-point-powers-first-of-its-kind-securitization/