FAQs

A reverse mortgage payoff is usually required during difficult times. In most cases, it involves a single beneficiary or multiple beneficiaries of an elderly parent’s estate after they pass on. When the executor of the estate begins the process of sorting through paperwork and getting all affairs in order, some may discover a reverse mortgage

HCS Equity does not provide inheritance advances.

No, our loans are not personally guaranteed, and as such do not require an individual’s financial or credit information. However, credit scores may have an impact on a beneficiary’s ability to refinance out of our private loan once the property is transferred out of the Trust, Estate or Probate into their name.

No, we follow the BOE guidelines and lend directly to the Trust, Estate or Probate, and use the subject property as collateral.

Banks and credit unions offer little help in this regard, whether out of risk-averse policies or simple lack of knowledge regarding trust or estate administration.

In most cases limited documentation is required, which varies slightly on a case-by-case basis. Please contact us to discuss your specific matter, and we can provide a detailed list of items needed.

HCS Equity provides private 3rd party loans ranging from $30K – $2M, 1 – 3 year terms, no prepayment penalties and no minimum months of interest. We work to customize specific solutions that best fit the needs of the particular situation.

Often, beneficiaries have the funds to pay the other beneficiaries for their share of the real property in the trust, or lend money to the trust necessary to make an equal distribution of assets. Per BOE guidelines, “a loan cannot be made by any of the beneficiaries of the real property to the trust in

In most cases, and with all the supporting documentation, HCS Equity can fund a loan in as little as 5-7 business days.