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What is Life Equity?

Access your home equity for whatever you want, keep ownership and eliminate required mortgage payments.

You know what home equity is. It's ownership in your home. It's your security. It's the fruit of your labor and the benefit of your discipline and good decisions. So what's life equity? Life equity is your ownership of your life. It's ownership of your time - the time to do what, when, how and with whom you want. Life equity means different things but what's the same for everyone is the peace of mind that comes from knowing you can stay in the home you love, keep ownership, access your equity in a way that works best for you, use it however you want and never make another mortgage payment*. In a word, life equity means freedom.

*A reverse mortgage is a home loan for borrowers 55 and older. Borrowers may make mortgage payments anytime during the loan, or make no payments until loan comes due. Paying less than the accrued interest and mortgage insurance premiums (if any) increases amount owed and decreases home equity. Loan is due and payable when the last borrower and qualified non-borrowing spouse leaves the home as their primary residence or sells it. Borrower may be subject to foreclosure for reasons including, failure to maintain the property, and failing to pay property taxes and homeowners insurance. Other terms and conditions apply. Call for details.

 

NMLS 1432969 (www.nmlsconsumeraccess.com). Life Equity Mortgage is a tradename and trademark of Thomas Capital Corporation (TCC), 1942 Broadway STE 314C, Boulder, CO 80302. TCC conducts business in CO & FL only. Though HECM is a HUD regulated, FHA insured program, TCC is not endorsed by, nor acting on behalf of or at the direction any government agency or program. This website is for informational purposes and is not an application for credit, nor a guarantee of financing. All loan programs are subject to qualification. TCC works with brokers, lenders and financial institutions to offer reverse mortgages and may share your application for credit consideration. Equal Housing Opportunity. ©Thomas Capital Corporation

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