The Millennial Approach to Home Owning.
Tired of renting but don't want a traditional mortgage? Struggling to pay off student loans? Chord's Progressive Ownership model is a solution.
How Chord Works.
Low Down Payment and Faster Equity Building.
You build equity faster because more of your housing payment each month is going towards buying back ownership from Chord than you’d be repaying principal on a traditional mortgage.
You have a few options:
- Move out and transfer your share to another Chord property. If you choose this option, we will cover closing and transaction costs.
- You can also choose to cash out of the home. Chord will pay you cash for the value of your share of the home, minus transaction costs.
- Extend your stay and buy more of the home.
- Buy the remainder of the property with a traditional mortgage, using the share of the home you've already built as the down payment.