How It Works
Mortgage Elimination
If you’re like many homeowners, mortgage payments may be consuming a quarter or even half of your monthly income—a real problem when you’re trying to fund your children's education or prepare for retirement.
Reducing debt can be an important part of your financial plan—and the REX Agreement can help you eliminate all or part of your existing mortgage or even avoid a mortgage altogether. In the example below, homeowners entered into an REX Agreement to pay down their mortgage by $130,000 and reduce their mortgage payments by $822 per month.
Real Possibilities
Homeowners Michelle and Doug needed to fund their daughter’s university education. With a REX Agreement, they were able to tap into the significant equity they had earned in their home without incurring additional debt. Their daughter is doing very well at college—and Michelle and Doug couldn’t be prouder. Looking to make the most of your equity?