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Frequently Asked Questions

Let us help you understand us more.

Do I have to own my home mortgage free?
No. Depending on how much you owe on the property, including all liens, an investor will give you enough money to pay off your existing mortgage and debts, so you can live debt free. You just pay your property tax and maintenance of the property, while living out your life in the home.
Do I have to be a certain age to qualify for a Equity Share Life Estate?
Yes. For an Equity Share Life Estate, Investors prefer to help people 70+ years of age. However, if you have a medical condition that may shorten your life span, they may be interested in working with you.  
Do I need to have a great credit score to qualify?
No. Investors are looking more at the current and potential value of your home. They understand if you have run up a lot of debt trying to stay afloat. This is what we are trying to help you with, to pay those bill off and live your life debt free.
What if I have no one to leave my home to when I die?
We have investors that will offer a larger cash payment for 100% equity in your home, when you pass. However, while you are alive, it may be no more than 80% of the appraised value. This is so you still have some 'skin in the game', and won't just take the money and run, leaving the house to fall into disrepair or nonpayment of the property taxes.
Is the process of getting Equity Loan Life Estate long?
No longer than a usual mortgage loan takes (6-8 weeks). An appraisal has to be completed, contract has to be drawn up and agreed upon by both parties and trust documents often need to be revised.  We can't rush this, especially when it comes to working with senior citizens.  We have to make sure that they understand everything that is taking place.
Are the Investors Hawaii based banks and Corporations?
No. The investors are not banks. They are investment funds, accredited individual investors and some investment groups. We seek out investors both in Hawaii and all over the U.S. We do not have any foreign investors or firms.
Can I leave my home to my children when I pass?
Yes.  However, your children will have to take out a loan or mortgage to buy out the investor at the time of your death.  If they cannot afford a loan, then the home needs to be sold.  It is highly recommended you talk to your children about what you are planning to do with the Equity Share Life Estate.  They should not be surprised when you die, to find that they are not being left 100% of the property.   
What happens if I move out of my home and into a care facility?
Contractually, you must pay back the investor when you move out of the home, sell it or pass away.  If other people are living in the home with you, they must understand that without you living there, they will have to move out. If you have to move into a care facility and you decide to sell the property, then the investor would get paid back their initial investment + the percentage of the equity that was gained during that contract period.
My spouse and I are both on title to the house, what happens?
The Equity Share Life Estate contract can be with both spouses on title.  The agreement will end when both parties have moved out, sold the home or passed on.  Then, the investor would need to be paid back from the proceeds of the sale of the house.  
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