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Getting Financing - Home Equity Program

Home Equity Protection Program 
  • 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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