Equity Select
A revolutionary home equity product with a 1% minimum monthly payment, no minimum age requirement, and flexible 1st or 2nd lien options.
How Equity Select Works
Key Features & Benefits
Equity Select combines the flexibility of a home equity product with uniquely low payment requirements.
The 1% Minimum Payment
Equity Select's defining feature is its minimum monthly payment structure: you pay just 1% of the outstanding loan balance each month. 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.
1st and 2nd Lien Options
Equity Select is uniquely available in both first and second lien positions. As a first lien, it replaces your existing mortgage entirely. As a second lien, it sits behind your current mortgage, allowing you to access equity without refinancing your primary loan.
The second lien option is particularly valuable for homeowners with low-rate first mortgages who don't want to disturb their existing loan terms.
Who Benefits from Equity Select?
Debt Consolidation
Consolidate high-interest debt into a single low-payment product. The 1% minimum payment keeps cash flow manageable while you pay down principal.
Home Improvement
Fund renovations or repairs without depleting savings. As a 2nd lien, Equity Select works alongside your existing mortgage.
Emergency Reserve
Establish a financial safety net by accessing equity now, with minimal monthly obligation, preserving your liquidity for unexpected needs.
Any Age Homeowner
Unlike reverse mortgages, there is no minimum age. Whether you're 35 or 75, Equity Select is available if you have sufficient home equity.
Second Lien Option
Keep your existing first mortgage intact. Equity Select can be placed as a 2nd lien, giving you access to equity without refinancing.
Retirement Bridge
Bridge income gaps in early retirement while delaying Social Security or allowing investment accounts to recover from market downturns.
Learn If Equity Select Is Right for You
Get a personalized analysis from an Orange County specialist.
Ready to Explore Your Options?
Schedule a no-obligation consultation with a licensed reverse mortgage specialist serving Orange County.