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Getting Financing - Home Equity Program
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Home Equity Protection Program
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- Thinking of buying a home in Syracuse, but wonder whether values are going up or down?
- Will your investment be safe from possible neighborhood decline?
- Do you worry that your home will be worth less than you paid in just
a few years due to market value declines you have no control over?
Thanks to a new program offered by Home Headquarters, Inc., you can protect
your new or existing home in the City of Syracuse if market values fall.
For a one-time premium of 1.5% of the protection amount you choose (which can
be financed), your home value (new purchase or present home) will not suffer
from a possible downturn in your zip code's overall selling prices.
No one wants to see home values go down in Syracuse.
But if they do--don't you want your home and your investment protected?
An example of how the program works:
Let's say you buy a home within the city limits for $90,000 and decide to protect
it for the entire purchase price. At a one-time premium of 1.5 %, your cost is
$1350 for Home Equity Protection. After 3 or more years of living there you
decide to sell the home. In the 3+ years since you purchased the Home Equity
Protection Plan, the average of all home sales in your zip code has fallen 10%.
Upon sale you would be paid 10% of your protected amount, or in this case
$9,000, REGARDLESS OF THE SALE PRICE OF YOUR HOME. If zip code
prices fell 5%, you would be paid 5% of your protected amount, or $4500, and so
on. If prices in your zip code improve, you will not be paid.
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