The Rex Agreement Can Be a Source of Cash and Security - PowerPoint PPT Presentation

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The Rex Agreement Can Be a Source of Cash and Security

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Under the REX Agreement, the homeowner receives cash today in exchange for agreeing that the investor will receive a payment based on the value of the home when it is sold. – PowerPoint PPT presentation

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Title: The Rex Agreement Can Be a Source of Cash and Security


1
The Rex Agreement Can Be a Source of Cash and
Security
2
What a REX Agreement Can Do For You
  • The REX Agreement, offered by FirstREX, is an
    exciting new way for homeowners to convert a
    portion of their home equity to cash.
  • It is also a wonderful tool for people to reduce
    the risk of a decline in the value of their home.
  • Real estate markets have been extremely
    unpredictable, and the REX Agreement can provide
    some security against this unpredictability.

Contd.
3
What a REX Agreement Can Do For You
  • Under the REX Agreement, the homeowner receives
    cash today in exchange for agreeing that the
    investor will receive a payment based on the
    value of the home when it is sold. If the home
    value rises during the term of the REX Agreement,
    the investor makes money. If the home value
    falls, the investor typically loses money.
  • The homeowner has full freedom to decide what
    percentage of future home value he or she wants
    to share under the REX Agreement and the amount
    of cash available changes accordingly.

4
No Interest No Monthly Payments
  • With the REX Agreement, there are no monthly
    payments to be made on the cash received, and
    there is no interest.
  • As long as the homeowner pays their mortgage
    payments, real estate taxes, insurance, and any
    other obligations related to their home, and
    abides by the provisions of the REX Agreement,
    they make no payments to FirstREX of any kind
    until the REX Agreement ends.
  • And, it is the homeowner that typically chooses
    when the REX Agreement ends, by selling their
    home, or repurchasing the REX Agreement. There
    is a maximum term of 30 years.

5
Make Full Use of Money You Receive
  • The money received from a REX Agreement can be
    used for any purpose, including
  • Debt reduction
  • Estate planning
  • Charitable giving
  • Securing retirement income
  • Funding a major purchase
  • Paying for a childs education.
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