re: Finance: Cash, On the House

matthew.rosen@equitykey.com — Sat, 14 Jun 2008 22:17:30 GMT

Just for the sake of accuracy, EquityKey does NOT charge closing costs. While this product is in the same category of companies like REX, there are significant differences that consumers should understand. For example, with EquityKey if the property value drops you don't owe them back on the depreciation - they are a true appreciation sharing product. As an option, they are only entitled to their investment if the property appreciates above the strike price. The most important thing for clients to realize is that while equity release products are great ways for clients to extract cash, they should have a plan for how they want to use the money so that they reap the greatest benefits.