REVERSE MORTGAGE

A reverse mortgage is a special kind of home loan program on a borrower’s Primary Residence that allows eligible homeowners age 62+ (that have a considerable amount of unused equity) to access a portion of their home equity, either as a lump sum or in installments, without having to make a monthly principal-and-interest mortgage payment for the remainder of the term.

The most common reverse mortgage is the FHA Home Equity Conversion Mortgage, or HECM, which is insured by the Federal Housing Administration (FHA), but some larger reverse mortgage lenders also have proprietary programs to allow more borrowers to qualify.

Reverse Mortgage programs have lower FICO requirements and lower income requirements than traditional mortgages which can allow eligible borrowers age 62+ to access their home equity. Unlike most traditional mortgage loans, a Reverse Mortgage allows the loan to Negatively Amortize. This means borrowers can use their home’s equity to cover any interest or applicable fees which get added to the loan balance as they accrue over time.

This way, borrowers with substantial equity or on limited income, do not have to make a traditional monthly mortgage payment (Principal and Interest) if they choose not to. Yes, borrowers can still choose to just pay the interest as it accrues monthly, so their balance does not go up over time, but it is not required.

If borrowers choose to use their equity and not pay the interest monthly, the balance of the loan goes up over time as the interest gets added on to the loan balance, but the borrower essentially pockets the money that they then do not need to spend on their monthly Principal and Interest mortgage every month.

It is important to understand that these programs are all very highly regulated to protect elderly borrowers and require borrowers to participate in a special Counseling Course (either in person or over the phone) that can last from 15 to 90 minutes, depending on the borrower’s preference, but this is important to understanding the details of the program.

While there is no Principal and Interest Mortgage Payment, the borrower still remains on title, still owns the home, still remains responsible for property taxes, homeowners insurance, any Homeowners Assocation (HOA) fees if applicable, maintaining the property, and meeting the other requirements of the loan.

For borrowers with sufficient equity, they can also choose to use their equity to cover the Taxes and Insurance as part of the loan if they qualify.

Minted Capital Mortgage is Licensed to offer reverse mortgage loans throughout all of South Carolina (SC) and Florida (FL). While our company is licensed to offer OTHER mortgage products in North Carolina, we DO NOT offer Reverse Mortgages in NC.

Clients choose Minted Capital Mortgage for Reverse Mortgages in SC and FL, because our team of friendly, well-trained, and licensed Mortgage Loan Officers have access to two of the largest Reverse Mortgage Lenders in the country and we can easily review and go over the details of multiple Reverse Mortgage loan options so you need to call multiple companies to find the right loan.

We save you time and the headache of spending hours shopping for what should be a simple solution. We can service every town, city, and county in the states of South Carolina and Florida.

Yes. Just like any traditional mortgage, you still own your home! This is probably one of the biggest misconceptions about reverse mortgages.

You do not sign your house over to the bank. You continue to own your home and the title remains in your name.

The reverse mortgage is simply a loan secured by the property, similar to the way any traditional mortgage is secured by your home.

And just like any traditional mortgage loan, as long as you continue meeting the requirements of the loan you continue to own the home and live in your home.

Yes, just like any traditional mortgage loan, if you break the terms of the loan, you can lose your home, but getting a reverse mortgage does NOT mean you’re giving the lender your house.

You continue to own your home. The title to the home stays in your name.

The important thing to understand is that a reverse mortgage still has requirements, just like any other mortgage loan.

With a reverse mortgage, you generally need to:

• Live in the home as your primary residence (this is important)
• Keep property taxes current (just like any other mortgage)
• Maintain required homeowners insurance (just like any other mortgage)
• Maintain the property (just like any other mortgage)

Similar to a traditional mortgage, if you stop meeting the loan requirements, the loan can eventually go into default and foreclosure is possible.

For example, on a traditional mortgage loan or any Home Equity Loan or Home Equity Line of Credit (HELOC), if you stop making your monthly payments or stop paying your taxes and homeowner’s insurance, the loan can eventually go into default and foreclosure is possible because you stopped meeting the terms of the loan.

Reverse mortgages have their own terms, but one big difference is that with a reverse mortgage, you do not have a monthly Principal and Interest Payment to worry about.

If you do not include the taxes and insurance in the reverse mortgage, you still have property taxes, insurance, and any HOA fees if applicable, but the P&I payment is gone.

If you are concerned about being able to continue to make your payments and potentially losing your home to foreclosure, a reverse mortgage may be the right fit to eliminate the stress of the monthly Principal and interest payment (P&I).

These loans have a risk just like any mortgage loan, but that is why we think it’s important to explain both the benefits and the responsibilities before someone chooses a reverse mortgage, just like any other loan option we will review with you.

No! One of the biggest potential benefits of a reverse mortgage is that there isn’t a required monthly principal-and-interest mortgage payment, while you continue meeting the terms of the loan.

Instead, interest and applicable charges can be added to the loan balance as they accrue over time.

That means a homeowner who is currently spending $1,500, $2,000, $3,000 or more each month on a traditional principal-and-interest (P&I) mortgage payment may potentially be able to eliminate that required monthly P&I payment with a reverse mortgage.

You can still choose to make payments to the loan if you want to, but the point for most borrowers is to lower monthly expenses and free up monthly cash flow so they can use those funds for other purposes.

You are still responsible for property taxes, homeowners insurance, maintaining the home, and other applicable property charges like Homeowners Association (HOA) fees if applicable.

Absolutely — you do not necessarily have to own your home free and clear.

One common use of a reverse mortgage is actually to pay off an existing mortgage to get rid of the monthly Principal and interest (P&I) Payment.

The key is whether there is enough available equity and reverse-mortgage proceeds to pay off the existing liens and meet the program requirements which a licensed Loan Officer can run some numbers for you to see if you may qualify.

For example, if you have substantial equity in your home but are still making a large monthly mortgage payment, a reverse mortgage may potentially pay off that mortgage and eliminate the required monthly principal-and-interest payment.

Whether this works depends on your age, home value, current mortgage balance, interest rates and other program factors.

Potentially, yes — and this is one of the major reasons many homeowners look to a reverse mortgage.

If the reverse mortgage provides enough proceeds to pay off your current mortgage, that existing mortgage can be paid off at closing and you can eliminate your monthly payment.

You would then generally have no required monthly principal-and-interest mortgage payment on the loan while you continue meeting the requirements of the loan.

If you choose to not include the property taxes and insurance in the reverse mortgage, you are still responsible for property taxes, homeowners insurance, property maintenance and other applicable property charges like any HOA fees.

For someone with substantial equity or approaching or already in retirement, eliminating a large required P&I payment can potentially make a substantial difference in monthly cash flow.

This is one of the most important parts of understanding a reverse mortgage.

The interest doesn’t disappear.

Instead of requiring you to pay the interest out of your pocket every month, the interest and applicable charges can be added to your reverse mortgage balance.

So instead of the loan balance generally going down every month as you make payments, the reverse-mortgage balance can go up over time. You are freeing up monthly cash flow by using the equity in the home to cover the interest.

That can be extremely useful for someone whose priority is improving monthly cash flow, but it also means there may be less equity remaining in the property later.

However the government has set regulations in place so for most reverse mortgage programs, a borrower cannot be upside down on their mortgage. This means that your interest may potentially accrue to be more than the house is worth, but Regulations do not allow a borrower to owe more than the home is worth, so if you eventually pass the home on to your heirs, they have options to acquire the property at market value (sometimes at a discount) regardless of if the balance on your mortgage is higher than the value of the home.

Essentially, any accrued interest above what the home is worth does not get passed down to your heirs. A well-trained mortgage Loan Officer can explain this benefit and protection as well.

A reverse mortgage generally does not require monthly principal-and-interest payments while you meet the loan requirements, but that doesn’t mean you’re prohibited from voluntarily paying down the balance or even just covering the monthly interest on the loan if you choose to.

If preserving more equity or passing along something to your heirs is important to you, you have options. You can discuss voluntary payment options with the lender or loan servicer to either pay down the balance or simply cover the monthly interest.

You can also choose to stash away the monthly savings from eliminating a Principal and interest mortgage payment. While eventually the interest accrued may outpace the monthly savings, cash in your bank account can also accrue interest if placed in some sort of interest bearing account and cash in a bank account can also be passed down to your heirs with the appropriate estate planning. You should consult an estate attorney for this.

That’s an important distinction: not being required to make a monthly P&I payment doesn’t mean you have to avoid making payments.

There isn’t one percentage that works for everyone.

The amount available with an FHA HECM depends on several factors, including:

• The age of the youngest borrower or eligible non-borrowing spouse
• The home’s value, subject to FHA program limits
• Current interest rates
• Existing mortgage balances and liens
• The payment option selected
• Applicable costs and program requirements

Generally, age and equity can have a significant effect on the amount available. The rule of thumb is, the older the borrower, the more equity available.

This is why one of the easiest ways to determine whether a reverse mortgage is worth considering is to have a licensed Loan Officer run the actual numbers based on your age, approximate home value and current mortgage balance.

No. Depending on the HECM structure you choose, there can be several ways to access the available proceeds.

Options can include a line of credit, monthly distributions, a lump sum in certain situations, or permitted combinations of payment options.

That flexibility is one of the features that can make a reverse mortgage useful for different retirement strategies.

For example, one homeowner may want to eliminate an existing mortgage payment while another may want a line of credit available for future expenses.

The available options depend on the specific HECM structure and interest-rate option.

A HECM line of credit can allow you to leave some of your available reverse-mortgage proceeds unused and access those funds later.

One particularly interesting feature of the HECM line of credit is that the available unused credit can have a growth feature over time, so you can access more of your equity later if needed and you do not accrue monthly interest on any unused portion of the line of credit.

That doesn’t mean the home itself is generating investment returns or that you’re earning interest. Rather, the amount of credit potentially available to borrow can increase according to the terms of the HECM.

For homeowners who don’t need all of their available equity immediately, this can provide another way to structure access to home equity over time.

Yes! This is one of the reasons some homeowners consider a reverse mortgage.

A homeowner may have substantial wealth tied up in a home but much less available monthly cash flow. We teach our clients that you need to take care of your health and your finances first.

A reverse mortgage can potentially allow an eligible homeowner to convert part of that housing equity into funds that can be accessed through available HECM payment or distribution options.

Depending on the homeowner’s situation, that may help supplement retirement cash flow, eliminate an existing mortgage payment, establish access to funds for future needs, or provide additional financial flexibility.

Because borrowing against the home reduces available equity over time, it should be considered as part of the homeowner’s broader retirement and estate-planning goals.

Generally, after required mortgage payoffs, closing obligations and any required set-asides, remaining HECM proceeds can be used as you choose, for a variety of purposes.

Homeowners may use the money for things such as:

• Everyday living expenses
• Home improvements
• Paying other debts to free up monthly expenses
• Medical or healthcare expenses
• Helping with retirement cash flow
• Creating additional financial reserves

How and when you take the proceeds matters because amounts you borrow become part of the loan balance.

Potentially, but this needs to be explained correctly.

While HECM borrowers remain responsible for keeping required property taxes and homeowners insurance current, you may choose to include the property taxes and HOI as part of the reverse mortgage.

Sometimes, the lender may require you to include it as part of the loan so that they pay your taxes and insurance.

As part of the loan process, the lender completes a financial assessment to determine how these property charges will be handled.

Depending on the results, you may pay them directly yourself, or some reverse-mortgage proceeds may be set aside to help pay them. In certain situations, a set-aside may be required.

So while reverse-mortgage funds can potentially be used toward taxes and insurance, you shouldn’t think of those obligations as disappearing. They still have to be paid.

If you’re not making voluntary payments, the balance will generally increase over time.

That’s because the money you’ve borrowed, along with interest and applicable mortgage-insurance premiums and fees, becomes part of the loan balance.

That’s the tradeoff behind one of the biggest benefits of the program: instead of being required to use your monthly income to make principal-and-interest mortgage payments, eligible homeowners can use some of their accumulated home equity.

For homeowners with substantial equity or those who are more concerned with monthly cash flow than maximizing the amount of equity left in the home, that can be an important option to consider.

For homeowners whose number-one priority is leaving the maximum possible home equity to their heirs, the increasing balance should be an important part of the decision as to whether they want to make payments to at least cover the interest charges or not.

Your kids do not automatically lose the home. When the reverse mortgage becomes due, your heirs generally have options.

This is a common fear for most HECM borrowers. They think that Reverse Mortgage Lenders are out to take their property, but in fact the lenders will tell you that they do not want the bad press that would come from that!

Your heirs don’t simply hand the house over to the lender because you had a reverse mortgage.

When the reverse mortgage becomes due, your heirs generally have options.

They may choose to sell the property and use the proceeds to satisfy the reverse mortgage, with remaining equity generally going to the estate/heirs.

They may also potentially keep the property by satisfying the reverse mortgage according to the applicable HECM rules.

So if your home is worth substantially more than the amount owed on the reverse mortgage, that remaining equity doesn’t simply disappear.

This is a non-recourse loan. This means there are Regulations in place set by the government with most programs that do not allow your heirs to owe more than what the home is worth and in some cases the property can be acquired by your heirs at the market value or potentially a discount even if the reverse mortgage balance was more than the home is worth.

This is a VERY important protection for borrowers of an FHA-insured HECM.

A HECM is a non-recourse loan!

Generally, borrowers or the estate/heirs aren’t personally responsible for a HECM debt beyond the applicable value of the property when the loan is resolved according to program requirements.

That’s one of the reasons FHA mortgage insurance is part of the HECM program.

It depends on what you’re trying to accomplish.

A HELOC can be a great product for the right homeowner, and a reverse mortgage can be a great product for a completely different situation.

A major difference is cash flow.

A HELOC generally requires monthly principal-and-interest payments according to its terms. If you stop making your payments, you default on the loan and risk foreclosure.

An FHA HECM generally doesn’t require monthly principal-and-interest mortgage payments while you continue meeting the requirements of the loan.

So for someone who is 62+, has substantial home equity and wants to reduce required monthly expenses, a reverse mortgage may be worth comparing with a HELOC.

For someone who wants short-term access to equity and intends to repay the borrowed money relatively quickly, a HELOC may deserve more consideration.

You can also get a Reverse Line of Credit (LOC) if you do not need all of the funds at once, but you still get the benefits of not having a monthly payment with the Reverse LOC.

We recommend comparing the actual numbers rather than assuming one is automatically better.

They solve different problems.

A home equity loan typically gives you a lump sum that you repay through scheduled monthly principal-and-interest payments.

A reverse mortgage allows an eligible older homeowner to access home equity without the same required monthly principal-and-interest mortgage payment while the HECM requirements continue to be met.

If your goal is simply to borrow money and aggressively pay it back, a traditional home equity loan may make sense to compare.

If your priority is improving monthly cash flow while accessing equity you’ve built over many years, a reverse mortgage may be worth evaluating. You can still choose to make payments on a reverse mortgage, but it is not required.

It depends heavily on the homeowner’s goals.

A cash-out refinance generally replaces your existing mortgage with a new traditional mortgage requiring monthly principal-and-interest payments and then gives you extra cash proceeds to use. They generally allow you to borrow more of your home’s equity, but they do typically come with higher credit score and tighter debt-to-income requirements.

An eligible reverse-mortgage borrower can potentially pay off an existing mortgage and access additional equity without taking on the same required monthly P&I payment.

For a homeowner over 62 who has substantial equity and is primarily concerned about retirement cash flow, that difference can be significant.

For other homeowners who need access to a larger chunk of their equity and have the monthly income to make traditional mortgage payments, a traditional cash out refinance may make more sense.

The best comparison is to look at actual loan options, costs, monthly cash-flow impact and how each choice affects your equity over time. A well-trained licensed Loan Officer can help you run those numbers.

For the right homeowner, some of the most important potential advantages are:

• No required monthly principal-and-interest mortgage payment while loan requirements are met
• Ability to access home equity without selling the home
• Goal is to pay off an existing traditional mortgage and eliminate the monthly principal-and-interest payments
• Multiple ways to receive available proceeds
• Ability to remain the owner of your home
• FHA insurance and non-recourse protection with a HECM
• Potential HECM line-of-credit options
• Ability to potentially purchase a new primary residence using HECM for Purchase

For homeowners who have accumulated significant wealth in their homes but want more monthly cash-flow flexibility, those features can be valuable.

There are tradeoffs, and we think homeowners should understand them before making a decision.

The biggest one is that the loan balance generally increases over time if you aren’t making payments. Monthly payments are not required, but that means you’re using some of the equity you’ve accumulated in the home to cover the interest and so that borrowing cost gets added to your balance.

Just like any mortgage loan, there are also closing costs and if you are doing an FHA HECM, the FHA mortgage-insurance costs associated with a HECM.

You still have to pay required property charges if you do not include them in the reverse mortgage set-aside, you must maintain the property like any other loan, and you must use the property as your primary residence.

And because the balance can increase, there may ultimately be less equity left for your heirs.

The question isn’t whether reverse mortgages have disadvantages. Every mortgage product does. The better question is whether the loan meets your needs for your particular situation.

No. A legitimate FHA HECM is a federally insured mortgage program. These are highly regulated and require borrowers to take a Counseling Course (either in person or over the phone) prior to being able to get a reverse mortgage.

The Home Equity Conversion Mortgage (HECM) is FHA’s reverse-mortgage program and is available through FHA-approved lenders. Minted Capital has access to two of the largest FHA-approved lenders to help you weigh your options.

Where people sometimes get confused is that a reverse mortgage works very differently from the traditional mortgage they’ve had their entire lives. The point of owning real estate for many people is to essentially eventually use it as their retirement plan. That is what a reverse mortgage allows you to do.

You can use the equity in your home to pay off debt, supplement your retirement income through disbursements from your equity, and eliminate your monthly P&I (or PITI payments if you include the taxes and insurance in the reverse mortgage set-aside).

The balance can increase instead of decrease over time when you choose not to make payments, and there generally isn’t a required monthly principal-and-interest payment while the borrower meets the program requirements.

That can sound unusual until you understand that the homeowner is borrowing against equity that has already accumulated in the property.

Of course, homeowners should still watch out for scams, high-pressure sales tactics and anyone falsely claiming to represent the government.

No. It’s a loan against your home’s equity.

The reason it can sometimes feel different from a traditional loan is that you’re generally not required to send the lender a monthly principal-and-interest mortgage payment while meeting the loan requirements of a HECM or reverse mortgage.

Instead, amounts borrowed plus interest and applicable charges get added to your loan balance and increase over time if you choose not to pay the interest that accrues on the loan (which is not a requirement of a reverse mortgage).

Think of it as converting some of the wealth you’ve accumulated in your home into money you can use today, rather than receiving free money, but reverse mortgages do accrue interest and it is NOT free money.

No. You still own your home. The title stays in your name.

This is one of the most common myths about reverse mortgages.

Your name remains on title. The reverse mortgage is a lien against the property, just like a traditional mortgage is a lien on your property.

You retain ownership while being responsible for the requirements of the loan, including keeping property charges current, maintaining the home and using it as your primary residence.

The difference is that a reverse mortgage has no P&I payments and so missing your P&I payments is not a potential reason that you can default on the loan leading on a reverse mortgage.

You can sell your home.

When the property is sold, the reverse mortgage is generally satisfied from the sale proceeds.

If the home sells for more than what’s required to satisfy the reverse mortgage and other applicable costs, the remaining equity belongs to you just like if you were paying off any other traditional mortgage.

Getting a reverse mortgage doesn’t mean you’re committing to living in that house forever.

Yes, but the loan becomes due when it is no longer your primary residence.

However, because a HECM is designed around your primary residence, permanently moving out generally causes the loan to become due and payable.

You can then potentially sell the home, satisfy the reverse mortgage and keep any remaining equity or you can look to refinance out of the reverse mortgage and get onto a traditional mortgage where you start making payments again.

You can also buy your next home using a reverse mortgage if you have a significant enough down payment to put on the new house, but when you move out of a home the reverse mortgage on that home must be paid off either by refinancing it into a traditional mortgage or by selling the home to pay off the reverse mortgage.

If you plan on passing the home on to your heirs, this may be a good time to consider selling them the home. Minted Capital Mortgage has creative financing strategies that can assist with this process.

HECM occupancy rules allow for certain temporary absences, but an extended absence can eventually cause the loan to become due which means you will either need to refinance the home into a traditional mortgage or sell the home.

If you plan on passing the home on to your heirs, this may be a good time to consider selling them the home. Minted Capital Mortgage has creative financing strategies that can assist with this process.

For example, if the borrower is away from the home for more than 12 consecutive months because they’re living in a healthcare facility and there is no qualifying borrower remaining in the property, the loan can become due and payable, subject to applicable protections for an Eligible Non-Borrowing Spouse.

This is something we would want a homeowner and their family to understand before closing.

If your spouse is a co-borrower on the loan, generally YES!!!

If your spouse is a co-borrower, the surviving borrower can generally continue living in the property as long as the loan requirements continue to be met.

HUD also has protections for certain spouses who qualify as an Eligible Non-Borrowing Spouse.

The details matter tremendously here, particularly when one spouse is younger than 62, so married homeowners should understand exactly how both spouses are treated before closing.

Yes, as long as you qualify.

You still need to meet the other eligibility requirements, including age, property, occupancy and financial-assessment requirements.

For homeowners who have spent decades building equity in their homes, a reverse mortgage can provide a way to access a portion of the equity they’ve accumulated without having to sell the property.

Many people buy homes for their retirement planning and this can provide a way to use what you’ve built over the years to supplement your retirement rather than letting the equity sit there doing nothing.

No. We have gotten clients approved with credit scores under 500 FICO!

HECM qualification is different from qualifying for a conventional mortgage.

There is still a financial assessment, and the lender evaluates factors including your income and monthly expenses, but the guidelines to qualify are more lenient than qualifying for a traditional mortgage.

This program does have specific requirements to qualify like being 62+ years old and having sufficient equity, and your ability to continue to pay the property taxes and homeowners insurance if you do not include those as part of the reverse mortgage set-aside.

So credit history matters, but HECM qualification isn’t simply based on achieving a particular conventional-loan credit score.

Lower FICO scores may also require you to include the property taxes and homeowners insurance as part of the reverse mortgage set-aside.

Not necessarily. Income requirements are usually easier to meet than traditional mortgages.

The financial assessment is designed in part to determine whether you’ll be able to continue meeting the financial obligations associated with the property.

If the assessment indicates that additional protection is needed for future property charges, some of the available proceeds may need to be placed into a set-aside.

This is one reason a reverse mortgage can sometimes be worth investigating for retirees who have substantial home equity but more limited monthly income.

There isn’t one universal equity percentage that works for everyone, but it does become difficult to qualify if your loan balance is over 50% of your home’s value (LTV).

Often lenders will require much lower LTV’s than 50%, but this is highly dependent on your age. The older the borrowers, the higher the LTV’s that lenders can get approved.

The amount available is affected by factors including age, current interest rates, home value and FHA’s applicable HECM lending limit.

If you already have a mortgage, there generally needs to be enough available proceeds — together with other funds if necessary — to satisfy existing liens and meet the transaction requirements.

A homeowner with substantial equity is generally in a better position to explore whether the numbers work.

Yes. This is one of the lesser-known features of the HECM program.

It’s called a HECM for Purchase.

An eligible homeowner age 62+ can potentially use a HECM to purchase a new primary residence.

You contribute the required cash toward the purchase and the HECM finances the remaining eligible portion.

For someone who is downsizing, relocating, moving closer to family, or moving to a retirement destination, this can potentially allow them to buy their next home without taking on a traditional required monthly principal-and-interest mortgage payment.

If you qualify, YES!

Someone selling a home in another state that is looking to buy a home in FL or SC could potentially use a HECM for Purchase to buy a new primary residence in Florida or North Carolina, assuming they and the property meet the applicable program requirements.

This does require a significant down payment, but a Licensed Loan Officer can help you run those numbers to see if it’s within budget.

This can be particularly interesting for homeowners who don’t want to put all of the proceeds from the sale of their previous home into the next house.

Instead, they may potentially use a portion of their cash toward the purchase and finance an eligible portion through a HECM, leaving more of their other funds available for retirement.

Yes, for an FHA HECM and all reverse mortgage options that Minted Capital Mortgage offers, we only work with programs that require Counseling to protect our elderly clients and make sure they are well aware of how it works.

Before completing a HECM, borrowers must participate in counseling with a HUD-approved HECM counselor.

We actually think this is a positive feature of the program.

The counselor is independent from the lender and helps make sure you understand how the loan works, the costs, your responsibilities and alternatives before you make the final decision.

No — and it shouldn’t be.

A reverse mortgage is a financial tool.

For someone with substantial home equity or who wants to improve monthly cash flow, eliminate an existing mortgage payment, access equity without selling, or create another source of retirement funds, it can be worth exploring.

For someone planning to sell the home soon, someone whose primary goal is preserving every possible dollar of home equity for heirs, or someone with a less expensive source of funds that better fits their goals, another solution may make more sense.

At Minted Capital, our goal should be to compare the available options and determine which structure best fits what you’re trying to accomplish.