REVOLUTIONARY OPPORTUNITY TO TAP INTO HOME EQUITY |
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Aramco Mortgage is proud to now offer the EquityKey real estate option, which gives qualified property owners age 65 to 85 cash today in exchange for a share of the future appreciation of their real estate.
The EquityKey real estate option was developed by San Diego-based EquityKey, a real estate investment company. Aramco Mortgage is now making this innovative product available to its clients. The EquityKey option is not a loan. There are no monthly payments or interest charges. Clients keep their existing equity, and EquityKey takes the risk, believing that the money it pays to clients today will be recouped through long-term growth in property values. By taking this risk, EquityKey allows clients to exchange the possibility of property appreciation in the future for the certainty of cash today. |
FREQUENTLY ASKED QUESTIONS |
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How Does it Work? If the homeowner qualifies, the EquityKey option typically pays 10% to 15% of the current value of the property in exchange for 50% of the future appreciation. If two homeowners qualify, they can typically receive 20% to 30% of the property’s current value in exchange for 100% of the future appreciation. Why Would I Participate? The money clients receive can be put to use any way they wish. Some use it to meet short-term needs, such as paying off debts, remodeling their home, traveling the world, or funding a grandchild’s education. For others, it’s a useful tool for longer-term estate planning. Whatever your goals, the EquityKey options provides a sensible alternative to loans, mortgages and reverse mortgages. Who is EquityKey? EquityKey is a new kind of real estate company that helps people 65 to 85 unlock the wealth in their homes. EquityKey is a subsidiary of KBC Financial Products, a U.S. unit of the $500 billion Belgium-based KBC bank. With 11 million customers in 30 countries and more than 51,000 employees, KBC caters mainly to retail and private banking customers. What Properties Qualify? Primary residences, second homes and commercial properties can all qualify. Homes cannot have a loan-to-value ratio greater than 80% when one owner participates or 70% if two participate. How Do I Qualify? You must be 65 to 85 years old, and satisfy health requirements by insurance carriers. The health requirements are necessary because EquityKey purchases, pays for and holds a life insurance policy on the qualified homeowner as part of every transaction. The EquityKey option represents a long-term investment by the company, therefore EquityKey bears significant risk if a client were to pass away shortly after receiving their payment and before the real estate has had time to appreciate. The policy protects EquityKey against financial losses plus provides the funds needed to buy homes, ensuring a smooth estate settlement process for the heirs. Can the Home Stay in My Family? Yes. If a homeowner’s heirs or estate wish to keep the property in the family, they simply pay the amount EquityKey is entitled to under the agreement. |
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ARAMCO MORTGAGE
5927 Balfour Court, Ste.205 |
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Carlsbad, CA 92008 |
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Toll Free: |
877-600-1130 |
Phone: |
760-438-2552 |
Fax: |
760-438-2573 |
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