by QuantmRE | Aug 21, 2018 | Shared Equity
Once we have completed the underwriting and completion process, we will send an electronic funds transfer to your bank account.
by QuantmRE | Aug 21, 2018 | Shared Equity
At the time you receive the payment from QuantmRE, there should be no tax consequence because our transaction is an “open” or “forward” transaction – i.e., the tax consequence will not be known until a future date. This is not tax advice – you should consult your tax...
by QuantmRE | Aug 21, 2018 | Shared Equity
You, as the homeowner, always remain in control of your property and can decide to sell your home anytime you wish. When your Home Equity Contract reaches its agreed term, which may be from 10-30 years after the date of the initial agreement, you will need to sell...
by QuantmRE | Aug 21, 2018 | Shared Equity
Negative amortization loans (i.e. loans where the full amount of interest due each month is not paid and is added to the loan balance) are not allowed. These types of loans jeopardize the equity interest that QuantmRE holds in your property.
