CALIFORNIA HOME EQUITY PARTNERS- UNLOCK YOUR WEALTH
This is Not A Loan. Get 35,000 to 250,000 with no monthly payments! Up To 80% Of The Appraised Value!
Until Now, your home equity has been locked up unless you took on more debt. This program is different. You get cash today for a piece of your CALIFORNIA home equity, without adding any more monthly payment obligations. As your partner investing in your CALIFORNIA home right alongside you, we do well when you do well!
Have debt that needs paying off? A kitchen that is overdue for some upgrades? Need assistance with unexpected medical bills? Our program gets it. Whatever you need, we can help you achieve your financial goals and get back to enjoying life.
This is Not A Loan. The investor is a partner in your CALIFORNIA property. That means there’s no interest rate and no monthly payments. If your cash flow has been burdened by crippling debt payments each month, Our program is your ticket to freedom.
HOW DOES A CALIFORNIA HOME EQUITY PARTNER WORK?
YOUR CALIFORNIA HOME EQUITY PARTNER
FACE LIFES CHALLENGES WITH A PARTNER ON YOUR SIDE!
Do you have a debt to pay off? A kitchen that is overdue for some upgrades? Need assistance with unexpected medical pills? We can help! Whatever you need, we can help you achieve your financial goals and help you tap into your home equity.
CALIFORNIA HOME EQUITY LINE OF CREDIT WITH NO PAYMENTS
The program does not lend money. The lender invests in your property as a partner. That means there are no monthly payments. If your debt to income ratio is currently out of control by debt payments each month our program might be your ticket to freedom.
- CALIFORNIA HOME EQUITY LINE OF CREDIT PROCESS
The program takes a holistic approach to underwriting and uses technology to make the process efficient for homeowners, processing your client’s application is fast, easy, and completely done online. Homeowners will upload all their supporting documents using our online underwriting tool and will interact directly with us through email.
- CALIFORNIA HOME EQUITY ALTERNATIVE FEATURES
Funding Amount $35,000 – $250,000 (to 15%-25% of Appraisal Value) for up to Term 10 years
POPULAR CALIFORNIA TOPICS INCLUDE:
- California Jumbo Bad Credit Mortgage Lenders
- 3.5% CALIFORNIA BAD CREDIT MORTGAGE LENDERS
- CA DOWN CALIFORNIA BAD CREDIT MORTGAGE LENDERS
- BAD CREDIT COMMON SENSE MORTGAGE LENDERS!
- BAD CREDIT CALIFORNIA MANUAL UNDERWRITE APPROVALS!
- DEBT CONSOLIDATION CA MORTGAGE REFINANCE
- CALIFORNIA BAD CREDIT HOME EQUITY LINE OF CREDIT
● HOME EQUITY ALTERNATIVE FOR CALIFORNIA HOMEOWNERS
This equity option was created for homeowners who need access to their home equity wealth but do not meet conventional HELOC and home equity loan underwriting guidelines. For homeowners, is a tax-deferred
lump sum with NO monthly payments.
● HOW THE CALIFORNIA HOME EQUITY OPTION WORKS
The investor buys a fraction of the homeowner’s property for up $250,000 or 15%-25% of its current value. We process applications quickly, so funds can be in the homeowner’s
bank account in 3-5 weeks.
● NO MONTHLY PAYMENT CALIFORNIA HOME EQUITY OPTION
is not a loan so there are no monthly payments. There’s no interest rate either. We’re invested in the property with the homeowner, we share in the gain or loss in value as a partner.
● CALIFORNIA BUY BACK ANYTIME OR REPAYMENT ON SALE
is automatically paid its share of the property’s value when the property is sold. Homeowners can buy out at any time during the 10-year term. In either case,the effective interest rate is capped for the homeowner!
● CALIFORNIA HOME EQUITY ALTERNATIVE QUALIFICATIONS
- Califonria Homeowners will need to submit the following documents for underwriting:
● CALIFORNIA HOME EQUITY MATRIX
How is the line of credit recorded on the property?
records a Deed of Trust with an Option Memorandum. The Deed of trust is recorded at the investment amount and Option Memorandum explains Our program’s interest in the subject property.
How is the value of the home determined?
A third-party appraisal company to conduct the appraisals for homeowners. The company works directly with
the homeowner to schedule and complete the appraisal on the property, using independent licensed appraisers in the
homeowner’s local market.
Are all properties subject to Risk Adjustment and what are the usual discount percentages to the value.
Yes, all properties are subject to the risk-adjustment. The range is 15-20% and is considered risk-based pricing.
How much appreciation does share in the future home value?
The appreciation share amount is generally between 20%-40% and is considered part of the risk-based pricing,
impacted mostly by the amount of the investment (higher check size usually results in larger share of appreciation). Will you accept partial payments on existing loans to minimize balance?
No. Because the repayment is tied to the value of the property at the moment of repayment, partial payments are not
allowed. Asking for a payoff at any given time would require full payment to be made.
What types of properties will be invested in?
Owner Occupied and Non-Owner Occupied properties, as long as they meet the property requirements
(SFR/Condo/Multi-family 2-4, less than 1 acre, less than $3.5 in value, and in market area). Non-Owner Occupied
are subject to a CALIFORNIA loan to value Penalty (max CALIFORNIA loan to value of 70% including investment) and must be in 2nd lien position.
Can you close concurrently with a new First Mortgage?
No. We need to have the most current CALIFORNIA loan to value on the property, as well as updated title info so that we can secure our Deed of Trust without errors. The homeowner should close on the 1st mortgage and take on after.
Will subordinate to a new first mortgage or second CALIFORNIA mortgage?
Yes. will subordinate to a first and a second, but will not subordinate lower than a 3rd lien position. Any new liens
added to the property after the investment should be discussed with prior to completion.
What types of loans will subordinate its lien position to?
will take a lien position behind most types of mortgages, with a few exceptions. Reverse mortgages and other Equity
Sharing products (or any other negatively amortizing loan) are loans that will not go behind. PACE/HERO loans
remaining in place after funding must be no larger than 50% of the investment.
What vesting types will accept?
The partnerships accept most forms of fee simple ownership. Vesting the property in a trust is allowed, but trust docs will need to be provided for underwriters to review. The only form of vesting that is not currently allowed is Tenancy-In-Common.