Question 1

Is this a loan or a credit card?

Accepted Answer

Not exactly. Ownly works like a card at checkout, but instead of extending revolving credit with interest, it lets you access a portion of your home equity. There’s no compounding interest like a traditional credit card.

Question 2

Do I still own my home?

Accepted Answer

Yes. You remain the homeowner at all times. Ownly does not take ownership of your home or affect your ability to live in it.

Question 3

How is this different from a HELOC or cash-out refinance?

Accepted Answer

HELOCs and refinances are loans with interest and monthly payment obligations. Ownly is equity-based. You can use it for everyday spending and decide when — or if — you want to buy back the equity.

Question 4

What happens if I don’t buy back my equity?

Accepted Answer

If you choose not to buy back your equity, it’s settled when you sell your home. Ownly receives the agreed-upon share of the home’s value at that time.

Question 5

How is the value of my equity tracked over time?

Accepted Answer

Equity value is tied to your home’s market value, using transparent, third-party valuation models. If you buy back equity early, the amount reflects the home’s value at that time.

Question 6

Can I buy back my equity whenever I want?

Accepted Answer

Yes. You can repurchase some or all of the equity you’ve used at any time, there are no prepayment penalties.

Question 7

Is there a minimum or maximum amount I can use?

Accepted Answer

Yes. Limits are based on factors like your home’s value, existing mortgage balance, and responsible usage guidelines. We design limits to be conservative and homeowner-friendly. However, you can use as little or as much of the spending limit you are extended.

Question 8

Does this affect my credit score?

Accepted Answer

Ownly is not a traditional revolving credit product. While certain checks may be required during onboarding, using Ownly does not function like a typical credit card balance.

Question 9

What happens if home values go down?

Accepted Answer

Ownly is designed with conservative equity buffers to protect homeowners. Details vary by situation, and we’re transparent about how market changes are handled before you ever use the card.

Question 10

Who is Ownly best for?

Accepted Answer

Ownly is designed for homeowners with equity who want flexible access to liquidity without taking on high-interest debt — especially for everyday spending, life events, or smoothing cash flow.

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Frequently asked questions