Equity Select gives you more control over managing retirement finances with minimum monthly payments that adjust based on your balance — keeping payments manageable regardless of how much you draw.
Unlike traditional HELOCs that require full interest-only payments and can recast to principal and interest, Equity Select offers minimum payments as low as 1% of your annual balance with a built-in cap that protects you from payment surprises.
With a 40-year term and non-recourse protection, you or your heirs never owe more than the home is worth.
Minimum payments scale with your balance — borrow more, pay a little more. Borrow less, pay less.
Minimum payment starts at just $125/month with the 1% annual option.
Minimum payment starts at just $417/month. Scale up as needed.
Minimum payment starts at just $834/month. Ideal for high-value properties.
Monthly payments are capped for up to 40 years. Even if rates rise, your payment won't exceed the cap set at application.
You or your heirs never owe more than the home is worth — the same protection offered by FHA-insured HECM products.
Choose from five different minimum payment schedules to match your cash flow needs. Pay more anytime without penalties.
Pay more than the minimum whenever you want. Pay it off early if your situation changes. No penalties, no surprises.
Access your credit line during the first seven years. Draw what you need, when you need it, up to your approved limit.
Credit score minimum of 650. No traditional income-based debt-to-income ratios. Online video counseling instead of in-person.
Let's walk through the numbers for your situation. A quick conversation will tell you whether this product fits your goals.
Book a Time With PerryOr call: 516-851-0696