How The NestWorth Agreement Works

The Jumbo Reverse Mortgage Alternative

The NestWorth Equity Access Agreement provides a way to access the equity in your home without the need for taking out a loan, such as a reverse mortgage.
It is a jumbo reverse mortgage alternative. It’s a simple and flexible way to access your home equity and with no debt, no interest charged and no closing costs!

Watch this updated video of an interview with Maggie and Rob Black discussing how NestWorth works.

New NestWorth Product - Equity Advantage!

This new product is a result of listening to the needs and concerns of customers and provides:

• Significantly lower "early exit" costs.
• The ability to "mix and match" a lump sum payment with monthly payments
• Monthly payment terms from 5 to 20 years.
• The ability to choose a monthly payment for "a lifetime".

Benefits of the NestWorth Equity Advantage Agreement:

• Homeowners receive substantial monthly payments that they may use as they choose.
  
• Homeowners continue to own their home until they sell it.
  
• Eligible existing mortgages do not need to be paid off.
  
• The owner may terminate the agreement at any time.
  
• Homeowner may choose to receive an initial lump sum payment.

Eligibility

• The youngest Homeowner must be at least 60 years old.
  
• The home must be occupied as a primary residence.
  
• The home must be a 1-4 unit, single family dwelling. Condominiums are eligible.
  
• The home must be typical for the area.
  
• Title must be held by a natural person or inter vivos trust
  
• The home must be located in an eligible NestWorth geographic area.

Contact Maggie O’Connell to calculate how Equity Advantage can work for you. Alternatively, Sign up for a FREE webinar ( online seminar) to learn more!

Benefits of The NestWorth Equity Access Agreement:

• Remain In Your Home as long as you choose
• Receive Monthly Payments from 10 to 25 years
• Not a Loan - No Interest Charges - No Debt Accrual
• Home value should be typical for the area
• An Equity Access Agreement continues until you sell your home!
• Keep your Current Mortgage & benefit from mortgage interest tax deduction
  

Eligibility

• The youngest homeowner must be at least 60 years old.
• The home must be occupied as a primary residence.
• 1-4 unit single family dwellings or condos.
• Home must be in an eligible NestWorth area.
• The NestWorth Equity Access Agreement provides Monthly Payments to the Homeowner. You select the term of the payments up to 25 years. The maximum monthly payment and total payments depend on the term selected. Shorter terms yield larger payments.In exchange, you grant NestWorth the right to receive a share of the proceeds from the sale of your home. The beginning NestWorth share is set at the beginning of the agreement and increases based on increases in the Case Shiller Home Price Index (HPI) for the area where the home is located.

Maggie O'Connell will help you to evaluate the best option by illustrating and pointing out the differences, advantages and disadvantages of the available programs based on your situation, needs and desires.In evaluating Equity Access and Reverse Mortgages, your goals, plans and intentions as a homeowner are evaluated:

• Do you plan to live in your home for life or for as long as possible -or do you plan to sell at some point.
• Do you want to access the most money possible from your equity over a period of time while continuing to own and live in your home?
• What is important to you - preserving equity or enhancing your lifestyle?

If you are negative on housing and feel that there will be little or no appreciation, Equity Access may be a better choice - the NestWorth share will be lower with a low increase in the Housing Price Index for the area. With high appreciation, the Reverse Mortgage may be the best choice as the principal balance of a Reverse Mortgage is not determined by increases in the home value and the homeowner would benefit from all appreciation.

We will help you compare Reverse Mortgages and NestWorth Equity Access side by side based on various assumptions of appreciation, interest rates (reverse mortgage), life expectancy and various termination dates. A good way to do this comparison with an easy virtual meeting.

Our work together will compare the total amount of remaining equity plus the cash that you receive based on a variety of scenarios to help you evaluate options to access your equity.

Give Maggie a call on (800) 489 0986 or contact Maggie to discuss your options - let's find out how you can enhance your lifestyle while remaining in your home!

Maggie O'Connell is an approved broker of NestWorth Inc. acting as an Independent Contractor, but is not an agent, partner or affiliate of NestWorth Inc.