How Age and Home Value Affect Potential Equity Access

Borrower age is an important factor in determining eligibility and available proceeds under proprietary programs. Generally, the potentially accessible share of property value increases with borrower age.

Property value is the second major input. High-value residences are precisely what proprietary programs were built to serve, which is why they are often relevant where agency-limited products are not.

Age is not the only requirement. Eligibility may also depend on property value, property type, occupancy, existing liens, financial circumstances, appraisal, credit history or other lender and program requirements.

The evaluation is fundamentally different from conventional mortgage underwriting because the homeowner is not primarily being evaluated around the ability to make a new required monthly principal-and-interest payment — but underwriting still applies.