Debt Reduction

If you're like many homeowners, mortgage and other monthly debt payments may be consuming a third or even half of your monthly income - a real problem when you're trying to fund your children's education or prepare for retirement.

Reducing debt can be an important part of your financial plan. Homeowners can sometimes use home equity loans to consolidate debt and lower their monthly payments, but meaningful debt reduction is often a struggle.

Enter the REX Agreement. It's not debt. It's a debt eliminator.

The cash from a REX Agreement can be used to eliminate, not consolidate a portion of your debt. The repaid debt is replaced with your obligation under the REX Agreement, the timing of which you control. For example, if you use the cash from a REX Agreement to pay down your 5.5% 30-year fixed mortgage by $100,000, you could reduce your monthly mortgage payment by about $600. Years later, after enjoying the benefits of the cash you received without making payments, you sell your home and FirstREX receives a payment based on the value of your home at that time.