Home equity agreement - is it a scam?

[Blair Carney]

This popped up on social media, and my first thought was "SCAM!"  I thought I would post about it here and use the wisdom of all the great people in the BP forums.

This is a product called a home equity agreement. It is not a loan, there are no interest payments. You are basically selling them a portion of the equity in your home. You are able to buy it back at a future date.

Has anyone heard of something like this? Have you used it? Is it legitimate? How does it show up and does it affect you getting a mortgage on an investment property?

https://www.myhomeequitytips.com/unlock-7-reasons-why/?utm_s...