The Structure
Borrow up to 55% of your home's current appraised value as a tax-free lump sum or structured monthly payouts.
55+
minimum age
Up to 55%
of your home's appraised value
$0
required monthly payments
- IncomeSupplement your retirement income.
- HealthcareCover care and health costs.
- GiftingHelp children or grandchildren.
- Pay off a mortgagePay out an existing mortgage.
The Payback Protection
No monthly principal or interest payments are required for the life of the loan.
- The balance is settled only when you sell, move out, or the estate is resolved.
- You keep full ownership and title of the home.
- A negative-equity guarantee means the debt will never exceed the home's fair market value.
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.