Home Reversion Calculator
Considering unlocking the equity tied up in your home? Our Home Reversion Calculator helps U.S. homeowners estimate the amount they can release by selling a portion of their property while retaining the right to live in it rent-free. This tool provides a quick and easy way to explore your options.
How to Use the Calculator
Enter your age, the current market value of your home, and the percentage of your property you wish to sell. Click “Calculate” to see an estimate of the equity you could release. Remember, actual offers may vary based on individual circumstances.
FAQs
What is a Home Reversion Plan?
A home reversion plan allows homeowners to sell a portion of their property to a provider in exchange for a lump sum or regular payments, while retaining the right to live in the home rent-free for life.
Who is eligible?
Typically, homeowners aged 60 or older with a property value above $50,000 are eligible. Eligibility criteria may vary among providers.
Will I still own my home?
You’ll retain ownership of the unsold portion of your home. Upon sale, the proceeds are divided based on ownership percentages.
Are there risks involved?
Yes. Selling a portion of your home reduces the value of your estate and may affect inheritance. It’s essential to seek independent financial advice before proceeding.
For more financial tools and calculators, explore more tools on our website.