CircleLending Becomes Virgin Money USA and Offers Reverse Mortgage Alternative

CircleLending was recently bought by Richard Branson’s Virgin empire and last week they announced that they were rebranding the company as Virgin Money USA.  We wrote about Circle Lending back in February when they released their Family Advantage (TM) product, which was marketed as a reverse mortgage alternative.  “Our goal is simple-to provide a service […]

New Reverse Mortgage Alternative From Equity Key

Equity Key is looking to compete with reverse mortgages by offering people 65 years and older a way to receive cash for the future appreciation of their homes.  REX released a product earlier this year that is a lot like the Equity Key product but there are a few differences between the products. The REX product is […]

REX’s Reverse Mortgage Alternative

I wrote about Real Estate Equity Exchange, Inc. (REX) a few months ago and recently there has been a large amount of press about the product.  REX’s product offers homeowners cash for the rights to share in the proceeds of their property when it’s eventually sold.  The Real Estate Journal provides a good example of a sample transaction […]

Hedge your house alternative to reverse mortgages

Real Estate Equity Exchange, Inc. (Rex) has released a product that will give consumers up to 15% of their homes value in exchange for a cut of up to 52.5% of the capital appreciation when the property is sold.  The way it’s broken down is Rex gets 3.5% of the gains for every 1% it pays […]

Reverse Mortgage options for people under 62?

Circle Lending has just released a program called Family Advantage (TM)  which  they are saying is their smarter version of a reverse mortgage.  They describe it as a line of credit funded by the relatives or friends of a homeowner which is secured by real estate.  The Family Advantage program program retains the advantages of conventional reverse mortgages […]