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ReachOption Concept

A NEW AND INNOVATIVE CONCEPT FOR YOUR FINANCIAL WELL BEING

ReachOption is not a loan or a shared equity arrangement. You get money up front based on the value of your property. Use the money for any purpose. You pay NO interest throughout the term of the contract instead you share the future appreciation of your property. You can terminate the contract at any time, for any reason after first 24 months by simply repurchasing the contract.

You must repurchase the contract if you refinance, sell, transfer or otherwise dispose of the property.You still own your property, you do not have to move, you do not have to sell. You still get the tax benefits and some of the future appreciation. If there is no appreciation during the term of your contract there is no additional payment above the cash you received up front.

RISK SHARING

ReachOption also shares a portion of the down side risk with you. If the value of your property declines substantially (below the total of your first mortgage plus ReachOption amount), the amount you pay ReachOption may also be reduced. If the value declines below your original mortgage, then you don’t owe anything to ReachOption.

NO MONTHLY PAYMENTS

There is NO interest, no hidden accrued interest, no negative amortization.   At the end of the contract instead of interest you share a portion of the appreciation of your property with ReachOption.  You also pay an annual verification fee of $950.

LIMITS

  • Pays up to 20% of the current value of your property.   The total debt on your property plus ReachOption amount cannot exceed 80% of the current value.   The minimum amount of ReachOption contract is $50,000.

Please use ReachOption responsibly. Read the contract carefully. Please obtain tax and legal advice.

 
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