Thanks for the mention of EquiFi in your post, Josh. One point to add to the HEI contracts is that the interest rate cap(IRR) is an important element. The caps have the greatest impact in the early years. When you get out to the longer terms that IRR drops dramatically. There is also the term of the contract that is important for the homeowner. They range from a 10-year term to our contract which is the only one that allows the homeowner(s) to remain in their home without fear of being forced to sale their home on someone else's terms.
Thanks for the mention of EquiFi in your post, Josh. One point to add to the HEI contracts is that the interest rate cap(IRR) is an important element. The caps have the greatest impact in the early years. When you get out to the longer terms that IRR drops dramatically. There is also the term of the contract that is important for the homeowner. They range from a 10-year term to our contract which is the only one that allows the homeowner(s) to remain in their home without fear of being forced to sale their home on someone else's terms.