reverse mortgages: TWO TRILLION LOCKED UP IN SENIOR'S REAL ESTATE - 12/21/07 06:26 PM
Sacramento, CA-People are living longer than ever. That's a good thing, right? Unfortunately, the cost of maintaining a healthy, quality lifestyle is also on the rise. This mixed blessing is especially hard on seniors whose pensions (if any) and Social Security simply can't keep pace. With limited options, seniors increasingly need to access the equity in their real estate to supplement their retirement.
"We kept thinking that there has to be a better way to help our clients who were over 65, make their largest asset, their home, work for them without spending down the equity they had worked so hard to … (0 comments)
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reverse mortgages: An Option to the Reverse Mortgage - 11/30/07 11:11 PM
Look out Reverse, there is another player on the horizon. The EquityKey program is for seniors between the ages of 65 to 85. The benefits of EquityKey are 1. Owner recieves debt free cash equal to 12-15% of initial home value(24-30% of initial home value is both homeowners qualify). 2. No closing costs-just a simple $300 application fee. 3, Property can go to your heirs. 4. Eligible properties: primary residence, rental, commercial, or second home. 5. You can do anything you want with the money you recieve from EquityKey 6. EquityKey does not affect any of the original equity in your … (1 comments)
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