No monthly payments or interest charged EVER for up to 30 years. You are in control. (not a loan)
Access up to 12.5 % of the appraised value of your home. The trade? Very simple; take advantage of the certainty of cash today in exchange for the uncertainty of home values tomorrow.
Possible use cases for the cash received:
1. Pay off credit cards and other debts
2. Buy a car, furniture, etc.
3. Remodel your home
4. Take a dream vacation
5. Help pay for your kids or grandkids college education
6. Pay medical expenses
7. Anything you want or need cash for