Agent

New plan makes tapping home equity easier

No interest or payments required, just a promise to share future equity
Published on Feb 13, 2008

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by CareyBot

Equity sharing was viewed as the biggest negative to early reverse mortgages and it still plagues the reverse industry today. However, a San Francisco-based company is resurrecting the concept of sharing home equity -- with no interest, no payments and no age restrictions.

The REX Agreement is not a reverse mortgage, nor is it a loan. It is a financial agreement whereby the homeowner trades a portion of future equity for a cash payment today ...

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