How does a Home Equity Contract affect me as a homeowner?

by QuantmRE | Aug 21, 2018 | Shared Equity

A Home Equity Contract is a good way to get immediate value out of your home’s existing equity without the need to take on new debt (i.e., a 2nd loan, HELOC, or reverse mortgage). It also displaces some of the risk of depreciation in the event property values decline...

Are Home Equity Contracts a new concept for owner occupied housing?

by QuantmRE | Aug 21, 2018 | Shared Equity

Home Equity Contracts as a way of financing personal housing have been around informally for a long time. The sort of traditional approach in doing this has been for family members of the home buyer, or private or government institutions trying to support...

How is a Home Equity Contract different from a reverse mortgage?

by QuantmRE | Aug 21, 2018 | Shared Equity

A QuantmRE Home Equity Contract is not a loan or a reverse mortgage. As a homeowner, you do not bear the typically high costs associated with a reverse mortgage, nor do you have to be 62 years or older (our Home Equity Contracts are available to all qualified property...

This sounds too good to be true for the homeowner—is it?

by QuantmRE | Aug 21, 2018 | Shared Equity

A Home Equity Contract could be the right solution for someone who wants to get cash out of their property without taking on additional debt and incurring monthly interest payments. The homeowner can stay in their home for up to thirty years (depending on the contract...

How are you going to register the legal ownership of the house?

by QuantmRE | Aug 21, 2018 | Shared Equity

Homeowners are listed as owner on title. QuantmRE will record with the county recorder’s office a lien on your property that protects our interests, but is not a loan, security or swap instrument. Our agreement with the homeowner is simply a consumer contract that...