How it works?
SixtyFive is reshaping the way people think about their retirement and homeownership. We believe retirees should be able to age well without more debt burden or the liquidation of assets. Our home equity investment product turns the value of your property into a steady source of income through a simple and transparent process with affordable terms. SixtyFive is different in that we don’t charge origination fees, monthly repayments or prepayment penalties. Instead we charge a monthly service fee (automatically deducted) and management fee, based on standard interest rates, that is not required to be paid monthly and accrues only with use.
Process
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01. Pre-qualification
Click on Get An Estimate to start the application process. With some basic personal information we can estimate your SixtyFive monthly income based on your home equity. It takes less than 5 minutes, there is no commitment and it won’t affect your credit score.
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02. Application
To move forward and calculate an accurate final offer, fill out our quick and simple application form which helps us get to know more about you and your property. It shouldn’t take more than ten minutes to complete.
03. Offer
SixtyFive has created a trust investment structure where the total value of the house is split into portions known as “units.” Our Trust and Sub-Trust agreement ensure total transparency about our portion of the holding property. As long as you are alive, you will remain the owner of your home and SixtyFive is a designated beneficiary of the trust. We encourage you to take your time to review all of the legal documentation and watch our explainer video to make sure you fully understand how SixtyFive will be partnering with you. You can also invite family members, friends or any legal consultation to review the materials. It’s important to note that we cannot make changes to the Trust and Sub-Trust agreement. When you are ready to sign, all of our documentation is easily accessed from our eSignature platform.
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04. Signing
Once you have signed the Trust and Sub-Trust Agreement, the next step is to sign the deed and add the SixtyFive Trust to the title using our eNotary service. We cover all of the costs and if you like, you can add a family member, attorney or financial advisor to the call.
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05. Congrats! Now you’re funded
Once all of the documents have been signed it’s time to celebrate! Within 24 hours your virtual card with your monthly approved income will be made available to you and you can expect to receive your physical prepaid card within four business days. Every two weeks you will receive a statement with a breakdown of your expenses with your remaining balance which can also be shared with other members of your family, friends or advisors.
