Are you concerned about declining home values? You can now get financing to protect your home equity. It’s called Home Price Protection, which allows you to lock-in a home value, based on the home price index, set by the Federal Housing Finance Agency.
It’s an interesting way to offset the possibility losing your home equity if the housing market continues to struggle. Homeowners who buy the protection pay a one-time fee of about 2% of the value of the home, which can be amortized up to 60 months. On a $200,000 home, that would make the payment about $75 per month, and the coverage can last up to 15 years. Or, you could just pull out your cash with a home equity loan instead of waiting for it to disappear.
For example: You buy a policy for Home Price Protection and your home is worth $200,000, then you want to sell your home 3 years later. But, now your home is only worth $180,000, based on the “home price index.” According to the plan, you would be issued a check for $20,000 after the sale of the home to cover the lost home equity.
My name is Robert Edwards and I am here today to talk to you briefly about why you should apply for
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