The EquityAvail Retirement Mortgage

The EquityAvail presents a groundbreaking solution for individuals seeking to restructure their mortgage in retirement. This innovative retirement mortgage is also known as a “hybrid reverse mortgage” and enables the release of cash flow without the necessity of downsizing or obligating oneself to a conventional 30-year refinance.

Benefits of the EquityAvail Retirement Mortgage

• The EquityAvail or hybrid reverse mortgage helps homeowners who are preparing for retirement in these ways:
• Lowers your monthly mortgage payments for 10 years
• After 10 years, there are no more monthly mortgage payments required
• Offers a potential lump sum cash out option at the close of your loan.

Who is a good fit for the EquityAvail retirement mortgage?

• Homeowners who love where they live and would benefit from lower monthly mortgage payments.
• Those who would like to work less and start the transition into retirement with less burden from monthly mortgage obligations.
• Those looking to put their money elsewhere. With lower monthly mortgage payments, you can spend more on your other endeavors.

Is Your Property Eligible?

With the hybrid reverse mortgage known as the EquityAvail, there is a required minimum loan balance of $100,000. This means if you owe less than that on your home, there may be a better option for you in one of our other reverse mortgage loans. In order to qualify for the hybrid reverse mortgage, your property must fall into one of these categories:

• Single Family Home
• Condo
• 2-4 unit duplex/fourplex

Manufactured homes are not an eligible property type for the EquityAvail but you may want to consider a HECM reverse mortgage (link to HECM page) to streamline your retirement if you reside in a manufactured home on your own land.

EquityAvail or HECM: What Loan is Optimal For You?

The EquityAvail or hybrid reverse mortgage is different from a regular HECM reverse mortgage because partial interest payments are required for the first 10 years.  After that, there are no monthly mortgage payments required for the remaining life of the loan. As with all reverse mortgages, the homeowner is responsible to continue to upkeep their home and pay all property tax and insurance obligations. In addition, the EquityAvail is available to those as young as 55 which is much younger than the regular reverse mortgage age of 62. While the HECM reverse mortgage is available in all states, the EquityAvail is not. Please give us a call or fill out the form below to find out if the EquityAvail hybrid reverse mortgage is available in your state.

Revolutionize retirement with a loan that allows you to make your retirement dreams a reality sooner!