MARTIN
Shared Equity Option
This relatively new financing option can work well, for individuals who can take out a reverse mortgage, but for various reasons, choose not to. In my case I took a $100k option, paid off all my loans, painted inside, and out, put in a new kitchen and remodeled a bath, and still had funds left over. I used the remainder for improving the stock in my business, and I can pay off this equity share, at 10 years, or less, plus equity gain/loss. I think the real benefit of this type of asset share is you maintain control of your house, have money to maintain it, and have options at the end.
Response from NoahMar 25, 2020
Hi Martin, thanks so much for taking the time to leave a review - this is an excellent overview of the benefits of home equity sharing. We're looking forward to partnering with you for years to come!




