The Structure
Borrow up to 55% of your home's current appraised value in a tax-free lump sum or structured monthly payouts. Funds can be used for income supplementation, healthcare, gifting to family, or paying out an existing mortgage.
The Payback Protection
No monthly principal or interest payments are required for the life of the loan. The total balance is settled only when you choose to sell the home, move out, or when the estate is resolved. You retain full ownership and title of the home, protected by a negative-equity guarantee ensuring the debt will never exceed the fair market value of the property.
When It Makes Sense
- You want to age in place without downsizing.
- You need to eliminate a conventional mortgage payment to ease monthly cash flow.
- You want to provide a "living inheritance" to children or grandchildren.
- You are looking to delay drawing down on registered investments.