IRVINE, Calif. — September 17, 2025 — American Senior Lending (ASL), a national leader in retirement-focused home equity solutions, today announced the launch of EquitySelect™, an innovative, first-lien home equity loan uniquely designed to provide financial flexibility for older homeowners. Unlike traditional HELOCs or home equity loans, EquitySelect combines monthly payment choice, lifetime payment caps, and nonrecourse protection — redefining how retirees can safely access home equity.
A New Category in Retirement Lending
EquitySelect™ is engineered to meet the realities of today’s retirees—many of whom are rich in equity but limited in cash flow. Key features include:
- Payment Choice: Borrowers select their preferred payment structure, with options as low as 1% of annual loan balance, allowing ultra-low monthly payments that adjust based on usage.
- Lifetime Payment Caps: Every loan includes a permanent cap, so monthly payments will never exceed a predetermined limit, even if rates rise or the credit line is drawn down.
- Nonrecourse Safety: Like a reverse mortgage, EquitySelect ensures borrowers (and their heirs) will never owe more than the home’s value, regardless of market conditions.
Qualification is based on the capped payment amount — not full amortization — resulting in lower debt-to-income (DTI) calculations and expanded access for retirees.
A Product Built for Today’s Retirement Challenges
“Retirement today demands choice, protection, and flexibility,” said David Peskin, President & CEO of American Senior Lending.
“EquitySelect is the result of years of development — combining asset-based lending with a digital platform that delivers personalized quotes in seconds. Whether for debt consolidation, home renovation, or everyday cash flow, we’re giving homeowners a smarter, safer way to use their equity.”
Why EquitySelect™ Matters Now
- Home equity has reached record levels — over $34.5 trillion nationwide
- Nearly 50% of U.S. homeowners are “equity rich” (ATTOM Data, 2024)
- Consumer debt recently hit $18.4 trillion, with credit card rates surpassing 20%
- Delinquency rates have risen in 9 of the last 10 quarters (Federal Reserve)
Despite unprecedented equity, many seniors are struggling with fixed incomes, rising costs, and expensive consumer debt. EquitySelect provides a structured, affordable alternative.
Traditional Home Equity Options Fall Short
| Loan Type | Challenge for Retirees |
|---|---|
| Home Equity Loan | Fixed payments may strain monthly cash flow |
| Traditional HELOC | Adjustable payments, rate risk, recourse exposure |
| Reverse Mortgage | Flexible, but may overfund or trigger insurance costs |
EquitySelect™ bridges the gap — providing control like a HELOC, protections like a HECM, and affordability rarely seen in forward lending.
About American Senior Lending
American Senior Lending is committed to advancing financial security in retirement through innovative, home equity-based solutions. By combining next-generation technology with borrower-first design, ASL helps homeowners convert equity into stability — without compromising legacy or control.
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