No. Your initial Sum funds are tax-deferred and you will not owe any taxes at the time of origination. You may have a tax liability on your final home value at the end of your contract. We recommend that you consult with a tax advisor before accepting a SumOffer.

Yes, if the purpose is to buy out your Sum contract. All other requests for refinancing your primary mortgage are evaluated on a case-by-case basis.

Yes. Many homeowners use their funds to pay for remodeling and home improvement projects.

Yes. However, the sale of your home will terminate your Sum contract and final payment will be due. The final payment amount to Sum is paid directly from escrow.

Yes. Our contracts are written with 10-year terms, however, there are no penalty fees for early repayment.

Receiving an initial offer from Sum is simple and takes only a few minutes to complete.

Our percentage is calculated based on the information submitted in your application and our underwriting and risk assessment guidelines.

Initially, we use the home value estimate you provide as well as the Zillow estimate of your home for your conditional offer. Once the final application process begins, your current home value is determined by an independent, third-party appraiser.

In our initial offer, we provide you with a summary that includes the amount of approved funds and our required shared percentage of your home's future value.

The Sum of the Whole application process has 4 easy steps. First, complete the online application, schedule a home assessment, receive your SumOffer, and lastly accept your offer and receive your funds directly into your bank account.

In most cases, we can get you your funds within three weeks of your initial offer.

No. Additional property insurance is not necessary.

No. We put a lien against your title, but do not get added to the title of the property.

No. We do not run a hard credit check for an initial offer so it does not impact your FICO® score.

Yes, but only once you begin the full application process. At that time, we check your credit to verify your financial information and identity.