0
$500,000
6%
$ -
$500,000
$1,000,000
$500,000
1
$500,000
6%
$30,450
$530,450
$1,040,000
$509,550
1 Planned advances are subject to the current variable
interest rate, the
initial advance amount is subject to the interest rate selected.
2 Special
interest rates are subject
to the selected term and will reset to the posted interest rate upon expiration of
special interest rate term.
Based on our calculations, after
X years you
could
have $XXX remaining in home equity.
Benefits of Income
Advantage
Access up to 55% of the value of your home in tax-free cash without
having to sell
Funds received are tax-free and can be used for whatever you choose
No monthly mortgage payments required
Convenience of regularly scheduled advances
Provides you with additional income
Preserves investment portfolio
No monthly mortgage payments required
Get access to cash for large unforeseen expenses
Funds received are tax-free and can be used for whatever you choose
Avoid high-interest loans or an additional mortgage
No monthly mortgage payments required
Access your home equity for short-term needs
Repay 100% of balance at any time with no prepayment charges
Flexibility to convert to a longer-term reverse mortgage solution at
anytime
No monthly mortgage payments required
Ready to take the next step?
If you would like to learn more about Income Advantage
and how it can be an
active tool in your financial plan, contact me, Jenniffer
Aanenson, at
JAanenson@gmail.com or reach me at 647-123-1234.
* Calculation results and chart are approximations based on the data you have entered and are for
illustration purposes. HomeEquity Bank does not make any representations or warranties with respect
to the calculation results. External factors are not accounted for
in the calculations and are based on certain assumptions. The rate entered is a sample rate and is
not considered a rate guarantee. HomeEquity Bank may change or update calculations without
notification. This information is not intended as specific financial, legal, or tax
advice for any individual and should not be relied on as such. Should the homeowner decide to
proceed, an independent appraisal of the home, among other things, will be required in order to
establish a precise evaluation.
† Due to our No Negative Equity Guarantee, as long as the client meets their mortgage
obligations, HomeEquity Bank guarantees[1] that the amount they will have to pay
on their due date will not exceed the fair market value of their home. If their home
depreciates in value, or the mortgage amount due is more than the gross proceeds from the
sale of the property, HomeEquity Bank covers the difference between the sale price and the
loan amount.
[1] Must maintain property, pay property taxes and homeowners’ insurance, and
abide by your mortgage obligations. The guarantee excludes administrative expenses and
interest that has accumulated after the due date.
