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Our mission is to provide information and solutions to senior citizens and their families.
Our goal is to help today's seniors achieve life-long financial security. In most cases we accomplish this without creating any additional debt or other monthly obligations. |
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EquityKey
The EquityKey™ program allows a property owner 65 – 85 years of age to receive a lump sum payment without incurring debt or paying large upfront fees. In exchange, EquityKey™ receives a percentage of the property’s future appreciation when you decide to sell or pass away.
Future appreciation is the Initial fair market value (IFMV) of your property today, subtracted from the value of your property at the time you decide to sell or pass away.
EquityKey™ does not involve your current equity. They only want to share in the future appreciation from today forward.
Current Equity is the value of your property today minus any liens or mortgages you owe.
You can qualify with very little equity, and 2nd homes, investment properties, commercial properties, as well as owner occupied properties are all eligible as long as one is valued greater than $500,000. For a single qualified homeowner, the percentage of future appreciation sold to EquityKey™ is 50%. If there are two homeowners and both wish to participate and are qualified, they can choose to sell 100% of the future appreciation, and both would receive payments from EquityKey™.
To ensure the program has the funds to performs it's obligations to you or your heirs under the "Investment Agreement", EquityKey™ purchases a life insurance policy on the homeowner. EquityKey™ pays all the insurance premiums and is the beneficiary.
The lump sum payment amount is based primarily on the current value of the home, the owner’s age, the expected future appreciation of the property, and the life insurance premiums, for which EquityKey™ will pay. For each participant, the lump sum option is between 10%-15% of the initial fair market value of the property at the beginning of the agreement (20%-30% if both participate).
Initial fair market value(IFMV) is the value of your property today or the date you enter the agreement.
Senior Equity Solutions is based in La Jolla, CA and is a Preferred Correspondent Originator for the EquityKey Program.
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