NestWorth®

 

Equity Options USA (877) 777-4727

Currently in the SF, CA Market.
For senior homeowners who want to access the net worth in their home, NestWorth is an attractive alternative to selling, downsizing, traditional home financing or reverse mortgages.

 NestWorth provides the power of choice to senior homeowners by providing substantial monthly payments without debt or interest.

NestWorth also allows seniors to participate in the increase in the value of their homes and remain in their homes for the rest of their lives.

Explore this site to understand what NestWorth can do for you. With NestWorth you have the power of choice.

Qualifications and Guidelines:

  • All participants must be legal owners
  • Available to homeowners 60 – 80.
  • Property must be owner-occupied, one unit, single family, detached residence (no condominiums).
  • Second homes are acceptable
  • Home value less than 3 million.
  • NestWorth is currently investing in qualified homes that are located in and around the San Francisco, California Bay Area.

Our initial product provides seniors with monthly payments, lifetime residency in their current home and participation in their home’s future value through a long term purchase Agreement. We call this product a NestWorth Agreement.

Substantial Monthly Payments That Can Make a Difference

We invest in the Seniors home one payment at a time and we don’t have any ownership rights in the home until we have made all of our payments. Our customer, the senior homeowner, continues to own and live in their home, rent free and receives our monthly payments until the youngest seller is 90 years of age. The payments that we make to the homeowner are not debt; they go to the ultimate purchase of the home. Because they are not debt, they do not require any payment or accrual of interest. When we have made all of these payments we will assume ownership of the home subject to the sellers’ life estate.

Click here - “What NestWorth Can Do For You” – to estimate your NestWorth possibilities.

Assurance of Lifetime Residency

After we have made all of our payments, our ownership rights continue to be subject to the seller’s life estate. This life estate is a legally binding, recorded agreement that any future owner of the home must allow the seller to live in the home rent free for the rest of the seller’s life. A NestWorth life estate also specifies that the buyer of the home will pay all property taxes and homeowners insurance premiums during the period of the life estate.

Participation in the Change in the Home’s Value

We make a lump-sum payment to the homeowner/seller when the Agreement ends. This lump-sum payment equals the seller’s share of the home value at the end of the Agreement. The seller’s share can be between 10% and 60% and is selected by the homeowner at the beginning of the Agreement. The share is used to calculate the monthly payment amount; smaller shares mean larger monthly payments are sent to the homeowner.

Question

What is a NestWorth Agreement?

Answer:
When you enter into a NestWorth Agreement we agree to make monthly payments to you over the term of the Agreement as well as a lump sum payment to you when the Agreement ends. This lump sum payment equals your share of your home’s value at the end of the Agreement.

In exchange, you grant NestWorth the right to purchase your home at the end of the Agreement.

We agree that you will own your home until we have made all of our payments and, until then, we will not have any ownership interests or rights to your home.

After we make all of the payments, we will have legal right to your home but you can live in it rent-free for the rest of your life.

Question:

What are some of the benefits of a NestWorth Agreement?

Answer:

  • You receive monthly income until age 90 plus a large lump-sum payment at the end of the Agreement.
  • NestWorth Agreements are not loans; they do not impose debt and do not carry any interest cost.
  • You continue to own your home during the term of the Agreement.
  • You participate in your home’s value during the term of the Agreement.
  • There are no closing costs or other fees.
  • Your life estate assures home residency for life.
  • Your existing mortgages do not need to be paid off.

Question:

Who is eligible?

Answer:

  • Homeowners 60 to 80 years old.
  • Homeowners with property that is owner-occupied, one unit, single family, detached residence (no condominiums). Second homes are acceptable.
  • Homeowners with a home valued less than $3 million.

Question:

When are the terms of the Agreement agreed to and can they change?  

Answer:

The amount of the monthly payments, the number of payments that we make, the final payment share and all other terms are agreed upon at the beginning of the Agreement and do not change. 

What determines monthly payments?

Answer:

The amount of the monthly payment depends upon the value of your home, your age and the participation option you chose. You will receive monthly payments until you are 90. The younger you are, the more payments you will receive and the smaller those payments will be.

Two examples:

Doug – Age 62
Home value – $750,000
Homeowner participation – 10%

  • Number of payments – 336
  • Monthly payment to homeowner – $1,607.00
  • Total monthly payments – $540,000

Sally- Age 76
Home value – $750,000
Homeowner participation – 10%

  • Number of payments – 168
  • Monthly payment to homeowner – $3,214.00
  • Total monthly payments – $540,000

Question:

Will I have to move out of my home at the end of the Agreement?

Answer:

No

After we have made all of our payments, we will have the right to assume ownership of the home subject to your life estate. The life estate establishes your right to stay in the home.  

How do I continue to participate in my home’s value?

Answer:

You may share in 10-60% of the future value of your home. The share is established at the beginning of the Agreement and a 10% minimum is required. Monthly payments will be less when you choose a larger share. This table shows the effects of retaining various shares. As the retained share increases, monthly payments decline and the final payment amount increases.

Home value today $750,000– Homeowner age 76 – Agreement term 14 years:
Homeowner Share
NestWorth Share
Monthly Income Received
Total Monthly Payments Received
Estimated Lump-sum Received*
Total Homeowner Benefit
10%
90%
$3,214
$ 540,000
$45,378
$585,378
20%
80%
$2,857
$ 480,000
$158,822
$638,822
30%
70%
$2,500
$ 420,000
$272,266
$692,266
40%
60%
$2,143
$ 360,000
$385,710
$745,710
50%
50%
$1,786
$ 300,000
$499,155
$799,155
60%
40%
$1,429
$ 240,000
$612,599
$852,599
Table and figures are for illustration purposes only.* Note that the estimated final payment is dependent on the future value of the home If you choose to live in your home after the end of the NestWorth Agreement term, the future value of your home will be less which would reduce the amount of your final payment.

This table is based on a $750,000 home value today. If the home is worth more than $750,000, the payments could be larger. If the home is worth less than $750,000 payments could be smaller. The above payment scenarios are for illustration purposes only.

 
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