Beware!
I get it, looks great, like a HELOC, but no monthly payment but buyer beware! Not only did I get dropped by my homeowner's insurance but they actively went out of their way to squash my home refinancing recently. They are intrusive into your home's financing in a very off putting way and are extremely less than forthcoming on their valuations and how they come up with their math. And when pressed on the logic (or lack thereof) on their math, their numbers change! When my bank, the largest bank in the US mind you, also found their practices less than logical or permissible even, they pressed them as well to explain their rationale, they refuse to respond.