by QuantmRE | Aug 21, 2018 | Shared Equity
Since a Home Equity Contract is not a loan, there is no additional debt associated with it. The homeowner pays QuantmRE, upon sale of the property, our original investment plus our agreed percentage of the appreciation or depreciation of the value of the home. As the...
by QuantmRE | Aug 21, 2018 | Shared Equity
No- we do not require the home to be owner occupied. Home Equity Contracts can be a great source of new funding for rental/investment property owners.
by QuantmRE | Aug 21, 2018 | Shared Equity
The property owner has responsibility to properly maintain the property, pay all property taxes on time and make sure that the property is properly insured in accordance with the provisions of the Home Equity Contract with QuantmRE.
by QuantmRE | Aug 21, 2018 | Shared Equity
A homeowner may remodel and improve their property as they desire, as long as the planned improvements do not detract from the value of the property, nor entail taking on additional debt that could harm QuantmRE’s interest in the property. All we ask is that the...
by QuantmRE | Aug 21, 2018 | Shared Equity
This is fine. The repayment amount will be based on the value of the home at time of the proposed repayment, within certain provisions in our agreement to ensure that QuantmRE does not unnecessarily take a loss on equity in the event that market conditions are not...
by QuantmRE | Aug 21, 2018 | Shared Equity
QuantmRE will carry out an appraisal by an independent qualified appraiser, to determine the value of the subject property.
