Our Founder "As CEO and Founder of EasyKnock, Jarred Kessler is a vision-driven entrepreneur with over fifteen years of experience in the financial services industry.
Is EasyKnock a reverse mortgage?
EasyKnock is not a reverse mortgage company and does not offer home equity loans. The programs provide a cash offer for your home without losing the benefit of living on the property. You can rent indefinitely or short-term from EasyKnock. One program offers the option to buy your home back at any time.Apr 6, 2021
What is the EasyKnock program?
EasyKnock is a New York City-based company founded in 2016. It offers the first commercialized residential sale-leaseback program in the United States, which allows homeowners to access their home value without moving. EasyKnock differs distinctly from reverse mortgages and home equity lines of credit.Jan 15, 2021
Can you sell your house but still live in it?
You absolutely can continue to live in your home after you sell it. Buyers understand selling owner-occupied property is a challenge and frequently agree to a short stay post-closing. Real estate companies and investors even offer the option to stay long-term as a tenant.Feb 18, 2019
Do you have to live in a house before selling it?
To avoid capital gains tax, the home must be your primary residence for two of the five years prior to the sale. To avoid this, the home must be your primary residence that you live in for a minimum of two of the five years prior to the sale.
Can I sell half of my house?
A: You can sell all or a part of any interest in real estate that you own unless you are restricted by an agreement not to. ... Selling your half would not change your liability for any loan you signed for, even though you no longer own part of the house.Oct 2, 2018
What are the 3 types of reverse mortgages?
There are three kinds of reverse mortgages: single purpose reverse mortgages – offered by some state and local government agencies, as well as non-profits; proprietary reverse mortgages – private loans; and federally-insured reverse mortgages, also known as Home Equity Conversion Mortgages (HECMs).
Is easy knock a legitimate company?
EasyKnock is a legit company that can be a great help to homeowners in a tight spot. Whether you've hit a rough patch financially or need your home's value to purchase or build your new dream home, EasyKnock can help. There are no credit score requirements, so it's also helpful for those who don't qualify for a loan.
What is the catch with reverse mortgage?
What is the catch with reverse mortgage? There is no catch with a reverse mortgage. You just are not required to make payments on the loan until you leave the home so the balance rises instead of falling each month as it would if you were making payments.Aug 9, 2021
What is the easy knock program?
Each EasyKnock program lets you live in your house while you pay rent. The program you choose depends on the length of time you plan to stay on your property and whether you want to repurchase it later. EasyKnock doesn't require a high credit score or a low debt-to-income ratio.Apr 6, 2021