REX - an independent analysis

There's plenty of smart people out there, and I'll let you read someone else's thoughts on REX.

by Chuck Jaffe
BOSTON (MarketWatch) -- The sales pitch is simple: Tap into your home equity without taking on more debt, without paying any interest and without having to worry about additional monthly payments, ever.

It's getting thousands of people each week to look into something called a "REX Agreement," which might best be described as a home-equity-risk/return-sharing arrangement, a phrase so mind-numbingly complex that it makes it clear this deal is anything but simple.

While there is some truth to the hype, there's also no denying that REX agreements -- and similar "alternative-to-mortgage" deals popping up around the country -- have real potential to turn into something with long-lasting and expensive side effects.

For more of this article, go to http://www.marketwatch.com/news/story/send-home-equity-sharing-scheme-packing/story.aspx?guid=%7BE2AD2D9C%2D7B30%2D4A9D%2DB50A%2DA3425661143A%7D