Let your home work for you
- Supplement income
- Diversify the risk
- Your home remains yours
For most Americans, the single largest asset at retirement is their home equity. The typical American household has 70% of their net worth in home equity. While that’s not unexpected, the concentration of equity is alarming for homeowners and our society.
EquiFi has incorporated several possible income options to consider in conjunction with your wealth advisor. Income options include immediate or deferred fixed income annuities, variable annuitization or any combinations of these products, along with a personal systematic withdrawal income plan (PSWIP). Using an integrated plan which combines one or more insurance components into the program guarantees, you’ll receive back at least the amount of home equity contributed. Because most annuities carry a minimum guaranteed rate of return, you may receive more than you contributed.
You don’t have to sell your home to access your equity. Designed to help supplement your income from Social Security and retirement plans, the EquiFi Funding Instrument (EFI™) paves the way for converting some portion of home equity into income. The lump sum you receive from EquiFi can be invested to generate income or you might be interested in “insured income”. This is when an insurance company takes the lump sum and gives you back a guaranteed monthly income for life.
The EFI™ is an equity investment in an owner-occupied home where an investor advances cash to a homeowner equal to a percentage of the current fair market value of the home. In return, the EquiFi investor will share in a percentage of the future equity in the home at a terminating event.
Contact your wealth advisor to create a customized plan for your needs.
Retire in Place, Your Home Equity is the Key
Your home equity can be the key to extending the time you’d like to live in your home.
Frequently Asked Questions
EFI is an alternate to debt financing based on an investor sharing in future value of your home. See FAQs for commonly asked questions.
How do I get an EFI
EFI is available directly from EquiFi as well as from your Bank, Mortgage Broker and Financial Advisor.