HEI: A Smarter Alternative to a Reverse Mortgage?
Considering a reverse mortgage? A Home Equity Investment (HEI) lets you access your home’s equity without selling or refinancing — so your family keeps the home and you keep your low mortgage rate. HEIs also come with fewer restrictions and are easier to qualify for. Compare quotes from multiple firms to find your best option today.
Home Equity Investment vs Reverse Mortgage
| Feature | Home Equity Investment | Reverse Mortgage |
|---|---|---|
No Monthly Payments | ||
No Debt-to-Income Requirement | ||
No Income Requirement | ||
Home Remains in the Family | Upon death requires repayment or sale | |
Keep Existing Low Mortgage Rate | Requires refinancing into a new loan | |
No Age Restriction | Must be 62+ | |
Flexible Qualification | ||
Loan or Equity-Based? | Equity-based – with no monthly repayment | Traditional loan – interest accrues over time |
A home equity investment (HEI) agreement is not regulated as a loan in all states. Because a lien will be placed on your home, you could be required to sell your home to satisfy repayment obligations. Always review the full terms and consult a financial advisor.