For retirees and homeowners in Columbia, SC looking to tap into the value of their home without selling it, several financial tools exist—including reverse mortgages and equity share agreements. While both allow access to home equity, they operate very differently and serve unique needs. As a trusted Reverse Mortgage Specialist, I want to help you understand how these options compare so you can make the right decision for your financial future.

What Is an Equity Share Agreement?

An equity share agreement, sometimes called a shared appreciation mortgage or shared equity arrangement, allows homeowners to receive a lump sum or periodic payment in exchange for giving up a share of their home’s future value. These agreements typically involve:

• No monthly payments or accruing interest
• An investor or company added to your home’s title as a part-owner
• Repayment—including a share of your home’s appreciation—when the home is sold or the agreement ends

While this may sound appealing, the reality is that you’re giving up partial ownership of your most valuable asset—and that can come with serious long-term consequences. Read More Exploring Equity Share Agreements: What Homeowners Should Know