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.
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.
by Heath Thomas | Aug 17, 2018 | Uncategorized
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by user | May 23, 2018 | Uncategorized
Welcome to WordPress. This is your first post. Edit or delete it, then start writing!
