18th Jun, 2008

EquityKey Offers New Option to Homeowners in Tri-State Area

Equity Options USA (877) 777-4727

Reuters published June 18, 2008

EquityKey Offers New Option to Homeowners in Tri-State Area

New tool allows older property owners in New York, New Jersey and Connecticut,
to tap into the value of their properties today, without a loan or mortgage

SAN DIEGO, June 18 /PRNewswire/ — The current credit crunch has many
Americans facing difficult financial decisions, and older property owners in
the New York metro area are no exception. Nationwide, homeowners age 65 and
older are sitting on an estimated $4.3 trillion in home equity value.
EquityKey, a real estate investment company, announced today that it now
offers property owners in New York, New Jersey and Connecticut a new tool to
unlock some of that value.
    The Equity Key Real Estate Option(TM) — also available for properties in
California and Florida — is a unique alternative for those between the age of
65 and 85 who may be considering a reverse mortgage or other home loans, or
simply want to diversify their portfolio for smarter investing.
    “EquityKey offers qualified property owners a novel new tool for tapping
into the value of their home or property without borrowing against their
equity,” said Jeff Nash, co-founder of EquityKey.  “We built our program based
upon confidence in the long-term health of the real estate market, which
allows us to offer short-term financial diversification to our clients. We
believe our product will change the way owners in New York, New Jersey and
Connecticut think about the value of their residential or commercial
properties within their broader financial portfolio.”
    The EquityKey Real Estate Option gives property owners the opportunity to
receive typically 10 to 15 percent of the assessed value of their property as
an upfront cash payment in return for selling 50 percent of its future
appreciation to EquityKey. The sale of this Real Estate Option does not dilute
the owner’s current equity. Unlike a reverse mortgage or other home equity
debt product, the EquityKey payment does not accrue interest and does not need
to be repaid as long as the homeowner abides by the EquityKey option
agreement.

About EquityKey
    EquityKey(TM) is a real estate investment company which offers the
innovative EquityKey Real Estate Option. Marketing to property owners in
California, Connecticut, Florida, New Jersey and New York, EquityKey partners
with these clients to tap into the estimated $4.3 trillion in home equity held
by Americans 65 and older. Based in San Diego, CA, EquityKey is a subsidiary
of KBC Financial Products, a U.S. unit of the $450 billionBelgium-based KBC
Bank NV, one of the leading financial institutions in Europe.
SOURCE  EquityKey

Ted Deutsch, +1-609-924-7490, ted@deutschcommunications.com, for EquityKey

Your E-mail Goes Here
Your Request to Equity Options USA Goes Here
Share

Leave a response

Your response:

Categories