Sell & Stay; Giving You a Greater Quality Of Life
When you need to tap your home equity, there are a few traditional options. HELOC or home equity loans, cash-out refinancing, or reverse mortgages are some of the commonly considered products to help homeowners tap their equity. However, those won’t work for everyone, so we’ve created Sell & Stay to fill the gap in the market and help almost anyone tap their home equity.
Since your home is an investment, you may have thought it would be easy for you to get to the equity that you have managed to build u. However, that’s not always the case. You can’t just withdraw your home equity. You must get another loan to access it.
You can get a HELOC, which allows you to borrow money against your home equity as you need it, a home equity loan, which is a more straightforward lump sum loan with your equity as collateral, a reverse mortgage, which gives seniors the ability to draw monthly payments with a loan against their home equity, or a cash-out refinance, which involves getting a new mortgage on your home for more than you owe so that you can keep the remaining cash.
First off, these programs come with requirements that some homeowners may have trouble meeting. Credit requirements or age requirements can keep homeowners from even having access to many equity tapping options.
The real problem with these types of programs lies in the fact that they’re really just another loan. At the end of the day, no matter what you do, it’ll still have to be paid back.
This means that debt is still weighing you down. You still owe debtors money, just different ones now, and you likely owe even more than you did to start with.
How is Sell & Stay a Viable Alternative to Traditional Equity Tapping Methods?
Sell & Stay provides an alternative to what is basically just taking out another loan. You get access to your equity without leaving your home, but you’re not required to pay it back unless you decide you want to resume owning your home with either a new mortgage or having paid off the balance.
Benefits of Tapping Your Equity with Sell & Stay
A mortgage payment and other debts that you’re responsible for can be like a monkey on your back. Sell & Stay can get the monkey all the way off your back instead of changing it out for a different one like other equity tapping solutions. Here are some of the benefits of this program:
- You stay in your home
- You have the flexibility to stay or go, sell or buy back as you please
- No credit requirements
- No age requirements
- You can lower monthly expenses
- Less bills equals less stress!
Is Sell & Stay Right for You?
If you’re thinking that Sell & Stay might be the perfect solution to lightening the load caused by the responsibilities that have been weighing you down, click here to learn more about the process. Feel free to contact us with any questions you may have.