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Real Estate
The Real Estate Adviser |
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January 17, 2008
The Real Estate Adviser: Tap home equity without payments
By TOM KELLY
Special to the Journal
Special to the Journal
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 (http://www.rexagreement.com) 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. It is an intriguing option for savvy investors who believe they can realize a greater return on investments than on home appreciation.
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Previous columns:
- Watch for pitfalls when financing second home, 01-10-2008
- Next-home planning? Just dream on, guys, 01-03-2008
- The Real Estate Adviser: Blame heaped on lenders, but others were complicit, 12-27-2007
- The Real Estate Adviser: Holidays are not a bad time to sell your house, 12-20-2007
- The Real Estate Adviser: How to parent proof a home for holidays, 12-13-2007
- The Real Estate Adviser: Here's a plan for tough loan times, 12-06-2007
- The Real Estate Adviser: Foreign buyers snap up homes in the U.S., 11-29-2007
- The Real Estate Adviser: CityCenter: No housing slowdown in Vegas, 11-23-2007