The Equity Select Program: 1% Minimum Payment for Any Age Homeowner

A New Kind of Home Equity Product

The Equity Select program represents a significant innovation in home equity lending. Unlike traditional HELOCs or home equity loans, Equity Select is designed with a uniquely low minimum payment structure that makes home equity accessible without straining monthly cash flow.

The 1% Minimum Payment

The defining feature of Equity Select is simple: your minimum monthly payment is 1% of the outstanding loan balance. This payment adjusts as your balance changes, keeping your obligation proportional and manageable.

Additionally, there is a built-in payment cap — your monthly payment will never exceed a predetermined maximum amount, even if interest rates rise. This provides certainty and protection against payment shock.

Example: On a $200,000 Equity Select balance, your minimum monthly payment would be $2,000 (1%). As you pay down the balance, your minimum payment decreases proportionally.

1st and 2nd Lien Options

Equity Select is uniquely available in both first and second lien positions:

As a first lien: Replaces your existing mortgage entirely. Ideal if you want to consolidate your mortgage into a single low-payment product.

As a second lien: Sits behind your current mortgage, allowing you to access equity without refinancing your primary loan. This is particularly valuable for homeowners with low-rate first mortgages who don't want to disturb their existing loan terms.

No Minimum Age

Unlike reverse mortgages, Equity Select has no minimum age requirement. Whether you're 35 or 75, you can access your home equity with the 1% minimum payment structure — as long as you have sufficient equity.

Who Benefits Most?

Equity Select is particularly well-suited for:

• Homeowners with high-interest debt who want to consolidate into a lower-payment product
• Homeowners with low-rate first mortgages who want equity access without refinancing
• Early retirees who need flexible income before Social Security or pension kicks in
• Homeowners funding renovations who want minimal monthly payment impact
• Any age homeowner who wants the flexibility of a 1% minimum payment

Getting Started

Equity Select is available to California homeowners with sufficient equity. Contact us for a personalized analysis of whether Equity Select makes sense for your situation.