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Home » Store » News » REX Agreements, a HELOC Alternative, on Hold

REX Agreements, a HELOC Alternative, on Hold

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A program that allowed borrowers to convert their equity into cash without taking on debt has been suspended due to trouble in the financial markets. Real Estate Equity Exchange, more commonly known as REX, had developed a program which allowed homeowners to borrow money interest free and pay it back after the sale of their home, eradicating the need for a monthly payment. Struggling financial...
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