How does my loan get repaid?

Your loan gets repaid at settlement when you sell your home. We have two options of loans $10,000 or $15,000. the repayment amounts are as follows $12,500 or 1% of the sales price (whichever is greater) for a $10,000 loan or $18,750 or 1.5% for a $15,000 loan. You have no payments or added interest for 6 months.

Are there any additional fees, taxes, closing costs?

No, we pay all closing costs, recording taxes and title work as part of the loan.

What if I don’t sell my house in 6 months?

You may pay any amount you would like at any time. Your payment will go directly to the principle and interest outstanding balance. Any unpaid balance will accrue at 24% interest per year until the loan is paid in full or your home is sold.

What if my home needs more expensive repairs like a new air conditioner, windows or roof?

Great question, as long as they look good, I have found if a home inspection report flags a issue with these big ticket items you can have those items paid out at settlement so there is no initial money out of your pocket.

A loan up to $15,000 will earn you $30,000 to $50,000

in additional sales price and money  in your pocket

**If you make no payments. This is an example of balance owed by year

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