The document describes how EquityLock property protection works, providing an example of a home purchased for $200,000 that is covered by an EquityLock protection contract. It explains that if the local housing market value drops by 20% when the home is sold in year 6, resulting in a sale price of $160,000, EquityLock would pay out $40,000 to the homeowner based on the 20% decline in value from the initial purchase price. The document also provides examples of different scenarios where a home's value increases, decreases, or stays the same and how EquityLock payments would be calculated based on changes to the local House Price Index.
The 2009 First-Time Home Buyer Tax Credit provides a tax credit of up to $8,000 for first-time home buyers who purchase a home between January 1, 2009 and December 1, 2009. The maximum credit is $8,000 or 10% of the home's purchase price. The credit phases out for single filers with incomes between $75,000 and $95,000 and joint filers with incomes between $150,000 and $170,000. Buyers do not repay the credit if they live in the home for at least three years.
The document discusses the Federal Home Buyer Tax Credit and encourages readers to take advantage of it before it expires. It provides details on tax credits of up to $8,000 for first-time buyers and $6,500 for repeat buyers. It notes that contracts must be in effect by April 30th and close by June 30th, 2010 to qualify. It also mentions that housing affordability is high and interest rates are low, making it a good time to buy or sell a home.
The document discusses considerations for a recurring goodybag feature on giffgaff.com. It outlines scenarios for how the user experience would change depending on whether the user has an active goodybag, credit card saved, or has auto-renewal or auto-top up enabled. Screenshots are provided showing what the interfaces would look like in different states for both desktop and mobile.
This document is a general claim form for Wesfarmers General Insurance. It contains instructions for completing the form when property is lost, damaged, stolen or destroyed. It notes that temporary repairs may be necessary to protect the property. The form requests details about the insured, policy, incident details, property and repairs. It also contains information on privacy, complaints procedures and declarations.
This document provides instructions for handling a personal and public liability insurance claim. It includes sections for reporting details of the insured, accident details, injury details if applicable, and property damage details if applicable. The insured is asked to provide full details to allow the insurer to process the claim quickly.
Nearly half of Americans are not saving for retirement. Investing retirement funds in real estate through a self-directed IRA can provide higher returns than the stock market. Real estate has historically seen greater appreciation rates and less volatility than stocks over 40+ years. The first step to investing retirement funds in real estate is to roll funds from a 401k or traditional IRA into a self-directed IRA.
Inside: CPA objectivity important when valuing a business; Court must unravel complicated real estate transfers; how to manage clients\' goodwill during a sale
Citi mortgage financial_application - blankjanicekoss
This document is a hardship assistance package from CitiMortgage requesting financial and property information from a borrower. It requests documentation like pay stubs, tax returns, and bank statements. It collects information on the borrower's intentions for the property, income, expenses, and reason for being behind on mortgage payments. The borrower must authorize CitiMortgage to obtain additional information and verify the accuracy of the provided details.
The 2009 First-Time Home Buyer Tax Credit provides a tax credit of up to $8,000 for first-time home buyers who purchase a home between January 1, 2009 and December 1, 2009. The maximum credit is $8,000 or 10% of the home's purchase price. The credit phases out for single filers with incomes between $75,000 and $95,000 and joint filers with incomes between $150,000 and $170,000. Buyers do not repay the credit if they live in the home for at least three years.
The document discusses the Federal Home Buyer Tax Credit and encourages readers to take advantage of it before it expires. It provides details on tax credits of up to $8,000 for first-time buyers and $6,500 for repeat buyers. It notes that contracts must be in effect by April 30th and close by June 30th, 2010 to qualify. It also mentions that housing affordability is high and interest rates are low, making it a good time to buy or sell a home.
The document discusses considerations for a recurring goodybag feature on giffgaff.com. It outlines scenarios for how the user experience would change depending on whether the user has an active goodybag, credit card saved, or has auto-renewal or auto-top up enabled. Screenshots are provided showing what the interfaces would look like in different states for both desktop and mobile.
This document is a general claim form for Wesfarmers General Insurance. It contains instructions for completing the form when property is lost, damaged, stolen or destroyed. It notes that temporary repairs may be necessary to protect the property. The form requests details about the insured, policy, incident details, property and repairs. It also contains information on privacy, complaints procedures and declarations.
This document provides instructions for handling a personal and public liability insurance claim. It includes sections for reporting details of the insured, accident details, injury details if applicable, and property damage details if applicable. The insured is asked to provide full details to allow the insurer to process the claim quickly.
Nearly half of Americans are not saving for retirement. Investing retirement funds in real estate through a self-directed IRA can provide higher returns than the stock market. Real estate has historically seen greater appreciation rates and less volatility than stocks over 40+ years. The first step to investing retirement funds in real estate is to roll funds from a 401k or traditional IRA into a self-directed IRA.
Inside: CPA objectivity important when valuing a business; Court must unravel complicated real estate transfers; how to manage clients\' goodwill during a sale
Citi mortgage financial_application - blankjanicekoss
This document is a hardship assistance package from CitiMortgage requesting financial and property information from a borrower. It requests documentation like pay stubs, tax returns, and bank statements. It collects information on the borrower's intentions for the property, income, expenses, and reason for being behind on mortgage payments. The borrower must authorize CitiMortgage to obtain additional information and verify the accuracy of the provided details.
The document is an engineering/fusion claim form for an insured named John Doe. It requests information about the incident, damaged equipment, repairs, costs, and other relevant details to process an insurance claim. The insured is claiming damage to a refrigerator that needs repairs costing a total of $1,500 according to the attached repair quote.
This document provides forms and instructions for a hardship assistance package to help borrowers who are behind on their mortgage payments or in danger of default. It requests copies of recent pay stubs, tax returns, and bank statements. It includes forms to provide borrower information, property details, income and expense details, assets, general hardship questions, and an authorization to release information. Borrowers are instructed to complete as many questions as possible and that additional information may be needed to thoroughly review the situation.
Mr. Glennon presented a document on budgeting that warns about the dangers of credit card debt, especially compound interest. It explains that while credit cards may seem like a way to get things now and pay later, the interest charges can quickly accumulate over time. Compound interest works by charging interest on both the principal amount borrowed and on previously accumulated interest, causing balances to grow rapidly. The document urges careful consideration of interest rates and repayment plans before taking on credit card debt.
Top 25 grants and rebates for homeownersMatt Collinge
This document summarizes 25 top grants and rebates for property buyers and owners in British Columbia, Canada. It lists programs that provide rebates for things like the provincial sales tax, energy efficient renovations and appliances, property taxes, and more. Eligibility requirements vary but many are aimed at first-time home buyers, seniors, low-income individuals, and those undertaking green renovations or buying energy efficient products and homes. Contact information is provided for each program to find out more details.
This document is an application agreement to become an independent consultant for Nikken UK Limited. Key details:
- The applicant agrees to the terms and conditions of being a Nikken consultant as outlined in this agreement and related documents.
- As a consultant, the applicant will purchase products only from Nikken and promote the products and business opportunity lawfully and ethically.
- Nikken agrees to pay commissions to the consultant according to their compensation plan and supply products for orders placed according to their procedures.
- The agreement can be terminated by either party with 14 days notice, or immediately by Nikken for breaches of the agreement. The applicant has 14 days to cancel the agreement for a full refund.
This document describes the Client Advantage services which include RateWatch, Credit Lock, and Mortgage Planning. RateWatch allows clients to compare their current mortgage rates to present market rates. Credit Lock protects a client's credit score during the mortgage process. Mortgage Planning finds the best mortgage options and terms that match a client's goals. The services are designed to help clients capitalize on opportunities and get the most advantageous mortgage.
Plantersbank 2012 Sure Save Sure Prize - List of Promo ItemsSME Solutions, Inc.
This document lists promo items that can be redeemed by customers of Plantersbank in exchange for incremental deposit amounts. There are 38 promo items listed along with their type, description, image, suggested retail price, specs, remarks and the incremental deposit requirement to redeem the item for hold-out periods of 90, 180, 270 and 360 days. Popular items include appliances like rice cookers, blenders and electric kettles as well as electronics like tablets, cameras and home theaters.
The document advertises two upcoming foreclosed home auctions hosted by Auction.com, one live auction in Chicago on April 16th and one online auction from April 12th-18th for Midwest area foreclosures. Information is provided on registering for and attending the auctions, what is required to bid, available financing options through partner lenders, and testimonials from previous buyers about their auction purchase experiences.
1. The training covered essential skills for building a successful business such as networking, creating a business plan, identifying strengths and weaknesses, and tracking metrics.
2. It discussed important sales concepts like managing a sales pipeline, following up with clients, and using different closing techniques.
3. Maintaining metrics on activities like cold calls, appointments, and sales is important for improving performance over time.
The document proposes a "downsize-in-place" solution called a Home Equity Fraction Interest (HEFI) that allows homeowners facing foreclosure to reduce their mortgage burden while remaining in their home. Under the HEFI, the lender would write down the mortgage to the current home value and take a fractional ownership stake in the home in return. This provides the homeowner relief and the lender mitigates losses. The solution benefits both parties and helps stabilize home prices and neighborhoods by avoiding foreclosures.
1) The document contains an answer scheme for accounting questions with explanations and examples of accounting concepts and transactions.
2) It provides the accounting entries for various transactions, extracts of financial statements including income statement, balance sheet and appropriation account.
3) Sample questions assess understanding of accounting concepts such as errors, revenue and expense recognition, accounting principles and preparation of final accounts for sole proprietorship.
The document provides information about the first-time homebuyer tax credit available to those who purchase a home between April 9, 2008 and December 1, 2009. It details that the credit is equal to 10% of the home's purchase price up to $8,000. It also explains that the full credit amount is available to single filers earning less than $75,000 and phases out at higher incomes. For purchases in 2009, the credit no longer requires repayment if the home is sold within three years.
This document provides a Good Faith Estimate (GFE) of settlement charges and loan terms for a $294,566 loan with a 30-year term and 5% interest rate. The total estimated settlement charges are $13,501.44, including adjusted origination charges of $3,750 and charges for other settlement services totaling $9,751.44. The monthly principal and interest payment would be $1,713.98, not including amounts for taxes and insurance held in an escrow account. The interest rate can increase over the life of the loan but the loan does not have prepayment penalties or balloon payments.
This document is a uniform residential loan application. It is designed to collect information from applicants to assist the lender. The application collects information about the applicant, co-applicant, property, and employment. It asks for details like social security number, current and previous addresses, monthly income, and housing expenses to evaluate the applicant's ability to repay the loan.
1. This compensation plan outlines the qualifications and bonuses for different ranks within the company, ranging from Independent Distributor to National Executive.
2. Distributors can earn bonuses in multiple ways, such as enrolling new distributors, monthly residual income from their team's sales, and matching bonuses on sales from their personally enrolled distributors.
3. As distributors progress through the ranks of Advisor, Business Builder, Manager, Team Leader, and Executive, they must maintain higher monthly sales volumes and have larger qualified sales teams. Maintaining a higher rank provides access to additional bonus structures and higher compensation.
The document is a confidential questionnaire for gathering a client's basic financial situation. It requests information about family status, occupation/income, mortgages, real estate, savings, investments, and other assets. Providing this information and accompanying documents will help ensure the best use of time during a financial interview and allow for a discussion of appropriate options given the client's specific circumstances.
ArthaYantra Buy vs. Rent Score (ABRS)-HyderabadArthaYantra
India's first integrated personal financial service company, has commenced one-of-its kind research on Buying a home vs. Renting a home in key metros - Delhi NCR, Mumbai, Bangalore, Hyderabad, Kolkata, Chennai and Pune. The main objective of the research is to quantify the buy vs. rent decision from a personal finance perspective.
The document provides details on gift sets and packaging products being offered by Earthpacs for the 2012 holiday season. It includes descriptions of 4 gift set options priced between $65-115 with discounts for purchasing multiple sets. Instructions are provided on packaging products and ordering along with payment details. A variety of packaging products are available in different colors.
EquityLock Solutions offers Home Price Protection (HPP) contracts that compensate homeowners if local real estate values decline when they sell their home. HPP benefits various real estate and financial institutions. It allows faster sale of foreclosed homes and higher prices, and helps manage risks for mortgage-backed securities. HPP contracts are based on a national home price index and pay out a percentage of the original home value equal to any drop in the index since purchase. EquityLock ensures it can pay claims through actuarial review and purchasing insurance from its affiliate Equity Assurance Company.
Homeowner's and tenant's insurance premium costs are determined by several key factors:
1) Replacement costs of the home, contents, and liability coverage.
2) Location - premiums vary depending on proximity to fire protection.
3) Type of coverage - comprehensive covers more than standard.
4) Deductible amount - lower deductibles increase premium costs.
5) Discounts for claims-free policies, new homes, alarms, and age of policyholder.
For examples, a home in Winnipeg with $195k replacement value and comprehensive coverage with a $200 deductible would be $816.20 annually. A home outside Winnipeg within 800 feet of a fire
Five factors determine the cost of homeowners insurance: (1) replacement cost of the home and contents, (2) location, (3) type of coverage, (4) deductible amount, and (5) available discounts. Location is divided into four areas around Winnipeg with different rates. Comprehensive coverage insures most risks while standard only covers specific perils. A lower deductible increases the premium. Discounts are available for claims-free policies, new homes, security systems, and age of the policyholder. Examples calculate the premiums for homes in Winnipeg and outside the city limits with different coverage types and deductible amounts. Renter's insurance for specified contents is also calculated.
The document is an engineering/fusion claim form for an insured named John Doe. It requests information about the incident, damaged equipment, repairs, costs, and other relevant details to process an insurance claim. The insured is claiming damage to a refrigerator that needs repairs costing a total of $1,500 according to the attached repair quote.
This document provides forms and instructions for a hardship assistance package to help borrowers who are behind on their mortgage payments or in danger of default. It requests copies of recent pay stubs, tax returns, and bank statements. It includes forms to provide borrower information, property details, income and expense details, assets, general hardship questions, and an authorization to release information. Borrowers are instructed to complete as many questions as possible and that additional information may be needed to thoroughly review the situation.
Mr. Glennon presented a document on budgeting that warns about the dangers of credit card debt, especially compound interest. It explains that while credit cards may seem like a way to get things now and pay later, the interest charges can quickly accumulate over time. Compound interest works by charging interest on both the principal amount borrowed and on previously accumulated interest, causing balances to grow rapidly. The document urges careful consideration of interest rates and repayment plans before taking on credit card debt.
Top 25 grants and rebates for homeownersMatt Collinge
This document summarizes 25 top grants and rebates for property buyers and owners in British Columbia, Canada. It lists programs that provide rebates for things like the provincial sales tax, energy efficient renovations and appliances, property taxes, and more. Eligibility requirements vary but many are aimed at first-time home buyers, seniors, low-income individuals, and those undertaking green renovations or buying energy efficient products and homes. Contact information is provided for each program to find out more details.
This document is an application agreement to become an independent consultant for Nikken UK Limited. Key details:
- The applicant agrees to the terms and conditions of being a Nikken consultant as outlined in this agreement and related documents.
- As a consultant, the applicant will purchase products only from Nikken and promote the products and business opportunity lawfully and ethically.
- Nikken agrees to pay commissions to the consultant according to their compensation plan and supply products for orders placed according to their procedures.
- The agreement can be terminated by either party with 14 days notice, or immediately by Nikken for breaches of the agreement. The applicant has 14 days to cancel the agreement for a full refund.
This document describes the Client Advantage services which include RateWatch, Credit Lock, and Mortgage Planning. RateWatch allows clients to compare their current mortgage rates to present market rates. Credit Lock protects a client's credit score during the mortgage process. Mortgage Planning finds the best mortgage options and terms that match a client's goals. The services are designed to help clients capitalize on opportunities and get the most advantageous mortgage.
Plantersbank 2012 Sure Save Sure Prize - List of Promo ItemsSME Solutions, Inc.
This document lists promo items that can be redeemed by customers of Plantersbank in exchange for incremental deposit amounts. There are 38 promo items listed along with their type, description, image, suggested retail price, specs, remarks and the incremental deposit requirement to redeem the item for hold-out periods of 90, 180, 270 and 360 days. Popular items include appliances like rice cookers, blenders and electric kettles as well as electronics like tablets, cameras and home theaters.
The document advertises two upcoming foreclosed home auctions hosted by Auction.com, one live auction in Chicago on April 16th and one online auction from April 12th-18th for Midwest area foreclosures. Information is provided on registering for and attending the auctions, what is required to bid, available financing options through partner lenders, and testimonials from previous buyers about their auction purchase experiences.
1. The training covered essential skills for building a successful business such as networking, creating a business plan, identifying strengths and weaknesses, and tracking metrics.
2. It discussed important sales concepts like managing a sales pipeline, following up with clients, and using different closing techniques.
3. Maintaining metrics on activities like cold calls, appointments, and sales is important for improving performance over time.
The document proposes a "downsize-in-place" solution called a Home Equity Fraction Interest (HEFI) that allows homeowners facing foreclosure to reduce their mortgage burden while remaining in their home. Under the HEFI, the lender would write down the mortgage to the current home value and take a fractional ownership stake in the home in return. This provides the homeowner relief and the lender mitigates losses. The solution benefits both parties and helps stabilize home prices and neighborhoods by avoiding foreclosures.
1) The document contains an answer scheme for accounting questions with explanations and examples of accounting concepts and transactions.
2) It provides the accounting entries for various transactions, extracts of financial statements including income statement, balance sheet and appropriation account.
3) Sample questions assess understanding of accounting concepts such as errors, revenue and expense recognition, accounting principles and preparation of final accounts for sole proprietorship.
The document provides information about the first-time homebuyer tax credit available to those who purchase a home between April 9, 2008 and December 1, 2009. It details that the credit is equal to 10% of the home's purchase price up to $8,000. It also explains that the full credit amount is available to single filers earning less than $75,000 and phases out at higher incomes. For purchases in 2009, the credit no longer requires repayment if the home is sold within three years.
This document provides a Good Faith Estimate (GFE) of settlement charges and loan terms for a $294,566 loan with a 30-year term and 5% interest rate. The total estimated settlement charges are $13,501.44, including adjusted origination charges of $3,750 and charges for other settlement services totaling $9,751.44. The monthly principal and interest payment would be $1,713.98, not including amounts for taxes and insurance held in an escrow account. The interest rate can increase over the life of the loan but the loan does not have prepayment penalties or balloon payments.
This document is a uniform residential loan application. It is designed to collect information from applicants to assist the lender. The application collects information about the applicant, co-applicant, property, and employment. It asks for details like social security number, current and previous addresses, monthly income, and housing expenses to evaluate the applicant's ability to repay the loan.
1. This compensation plan outlines the qualifications and bonuses for different ranks within the company, ranging from Independent Distributor to National Executive.
2. Distributors can earn bonuses in multiple ways, such as enrolling new distributors, monthly residual income from their team's sales, and matching bonuses on sales from their personally enrolled distributors.
3. As distributors progress through the ranks of Advisor, Business Builder, Manager, Team Leader, and Executive, they must maintain higher monthly sales volumes and have larger qualified sales teams. Maintaining a higher rank provides access to additional bonus structures and higher compensation.
The document is a confidential questionnaire for gathering a client's basic financial situation. It requests information about family status, occupation/income, mortgages, real estate, savings, investments, and other assets. Providing this information and accompanying documents will help ensure the best use of time during a financial interview and allow for a discussion of appropriate options given the client's specific circumstances.
ArthaYantra Buy vs. Rent Score (ABRS)-HyderabadArthaYantra
India's first integrated personal financial service company, has commenced one-of-its kind research on Buying a home vs. Renting a home in key metros - Delhi NCR, Mumbai, Bangalore, Hyderabad, Kolkata, Chennai and Pune. The main objective of the research is to quantify the buy vs. rent decision from a personal finance perspective.
The document provides details on gift sets and packaging products being offered by Earthpacs for the 2012 holiday season. It includes descriptions of 4 gift set options priced between $65-115 with discounts for purchasing multiple sets. Instructions are provided on packaging products and ordering along with payment details. A variety of packaging products are available in different colors.
EquityLock Solutions offers Home Price Protection (HPP) contracts that compensate homeowners if local real estate values decline when they sell their home. HPP benefits various real estate and financial institutions. It allows faster sale of foreclosed homes and higher prices, and helps manage risks for mortgage-backed securities. HPP contracts are based on a national home price index and pay out a percentage of the original home value equal to any drop in the index since purchase. EquityLock ensures it can pay claims through actuarial review and purchasing insurance from its affiliate Equity Assurance Company.
Homeowner's and tenant's insurance premium costs are determined by several key factors:
1) Replacement costs of the home, contents, and liability coverage.
2) Location - premiums vary depending on proximity to fire protection.
3) Type of coverage - comprehensive covers more than standard.
4) Deductible amount - lower deductibles increase premium costs.
5) Discounts for claims-free policies, new homes, alarms, and age of policyholder.
For examples, a home in Winnipeg with $195k replacement value and comprehensive coverage with a $200 deductible would be $816.20 annually. A home outside Winnipeg within 800 feet of a fire
Five factors determine the cost of homeowners insurance: (1) replacement cost of the home and contents, (2) location, (3) type of coverage, (4) deductible amount, and (5) available discounts. Location is divided into four areas around Winnipeg with different rates. Comprehensive coverage insures most risks while standard only covers specific perils. A lower deductible increases the premium. Discounts are available for claims-free policies, new homes, security systems, and age of the policyholder. Examples calculate the premiums for homes in Winnipeg and outside the city limits with different coverage types and deductible amounts. Renter's insurance for specified contents is also calculated.
For more information on this video, and to sign-up for our 10-day Free CFA Course click here - http://www.edupristine.com/10-day-cfa/cfa-alternative-investments/
To know more about these trainings, do contact us at -M: +91 80800 05533
Investors are increasingly turning to alternative investments seeking diversification benefits and higher returns. This study session describes the common types of alternative investments, their valuation, their unique risks and opportunities, and their relation to traditional investments.
The most successful property management professionals are effectively using investment cash flow analysis to better manage the growth of their business. Leonard Baron, real estate professor and writer for Zillow, will break it down and share his straightforward rental property cash flow metrics so your business can become a cash cow.
This document provides an overview of private equity roles in sale/leaseback transactions from the perspective of private equity firms. It discusses how private equity views real estate as a lower-return asset class that can tie up capital. A sale-leaseback transaction allows a business to sell its real estate assets and lease them back, freeing up capital that can be reinvested at higher returns. The document outlines the private equity investment process and criteria, and how a sale-leaseback can increase returns on a business by separating out the real estate. It also discusses challenges, factors for a successful transaction, and considerations after a sale-leaseback is completed.
This chapter discusses capital structure and the limits to using debt. It defines the costs associated with bankruptcy, including direct legal costs and indirect costs like lost sales. It also describes theories around a firm's debt level, including the tradeoff between tax benefits of debt vs. bankruptcy costs, signaling of firm value to investors, agency costs of debt, and pecking order theory of using internal then debt financing. Real-world factors that affect debt levels include taxes, asset types, operating uncertainty, growth levels, and financial slack.
Our Private Lending Program is available to all investors wanting a safe and secure investment option with an annual return on investment of 8% - 15%. This option is a first trust deed investment secured by real estate at no more than 65% of the market value. The lender is placed as the loss payee on the insurance policy for additional protection. Typical terms are 2 years with the avilability of a 3 to 5 year term as well.
Residential Southern California Joint VentureSam Ally
This document describes a joint venture program for real estate investors. It outlines two joint venture options - a traditional joint venture and a leveraged joint venture. The leveraged joint venture allows investors to purchase properties with up to 5x their capital commitment by using leverage. It provides examples comparing the financial outcomes of each option on a hypothetical $200,000 property purchase. The leveraged joint venture results in a higher return on investment for the investor compared to the traditional joint venture. Current real estate deal examples in California and Florida are also presented.
Debt or Equity Financing : Stephenson Real Estate Recapitalization Case StudyUun Ainurrofiq (Fiq)
Stephenson Real Estate is considering purchasing a tract of land for $60 million. It currently has no debt and is fully equity financed. The company's market value is $710 million with 20 million shares outstanding trading at $35.50 per share. Financing the purchase with debt would maximize the company's total market value compared to equity financing due to the tax shield benefits of interest payments.
This document discusses the financial benefits of homeownership compared to renting. It shows that over 10 years, a $200,000 home would appreciate to $286,948 in value and the homeowner's net worth would increase, while paying down the mortgage principal. In contrast, rent payments do not result in asset building. The document argues that despite short-term price fluctuations, homeownership is financially beneficial in the long run due to appreciation, tax advantages, and building equity through mortgage payments. Homeowners on average have significantly higher net worth than renters.
Operating expenses are costs associated with running and maintaining a building or shopping center, including insurance, taxes, utilities, maintenance, and repairs. In a modified gross lease, tenants pay a base rent plus a share of any increase in operating expenses above the base year amount. A tenant's share is typically calculated based on the percentage of total space they occupy. The example shows a tenant with a 5% space occupying paying 5% of increases in operating expenses above the base year amounts.
The document provides a summary of the federal and California homebuyer tax credits available in 2010. It outlines the key eligibility requirements, credit amounts, purchase price limits, occupancy requirements, income limits, and claim procedures for each tax credit. The federal credit offers up to $8,000 for first-time buyers and $6,500 for long-time residents, while California's credit offers up to $10,000 for eligible first-time buyers or buyers of never-occupied homes. Both credits required the purchased home to be the buyer's primary residence.
Similar to EquityLock Protection For Existing Homeowners (13)
1. How EquityLock® Protection Works
Example: $200,000 Property Ownership Timeline
with FHFA House Price Index (HPI) as reported at www.fhfa.gov
Current Home Value =
Property
$200,000 Sells in
Year 6
Local City Price Index =
214 at time of coverage HPI = 226
Property Covered by Increase in City Index
EquityLock Protection No Claim
Contract
HPI = 214
No Change in City Index
Year 2 Year 3 Year 4 Year 5 Year 6 No Claim
Year 1
24 Month Waiting Period
HPI = 171
Decrease in City Index is 43 points.
RESULT HPI at time of coverage: 214
In this case, the local housing market values dropped by 20% when the house is HPI at time of sale: - 171
Difference: 43
sold in Year 6. This results in $40,000 PAID to the homeowner.
Future claim payments are calculated by: (214-171) 214 = 20% drop
multiplying the initial Protected Coverage Amount $200,000 Claim PAID = $40,000
times the Percentage Decrease in the HPI Index _ x 20%
at the time the homeowner sells their house = $40,000 PAID
PROPRIETARY AND CONFIDENTIAL
0 0
2. EquityLock Protection Examples
In 2012, Mr. Jones purchases a home for $300,000 and an EquityLock Protection contract for $5,700
(1.90% of the home price). The local House Price Index at the time is 100. In 2015, Mr. Jones sells the
home under one of the following potential scenarios:
Scenario 1 Scenario 2 Scenario 3
Initial Value at Beginning of Protection Contract $ 300,000 $ 300,000 $ 300,000
Property Value When Sold Years Later $ 350,000 $ 250,000 $ 325,000
Property Value Difference $ 50,000 $ (50,000) $ 25,000
We will
House Price Index at Beginning of Contract 100 100 100
pay claims
HPI When Property is Sold 105 80 90
regardless
% Difference in HPI (Maximum Allowed is 20%) 5.0% -20.0% -10.0%
of the
Initial Value at Beginning of Protection Contract $ 300,000 $ 300,000 $ 300,000 property’s
Multiplied by Difference in HPI 5.0% -20.0% -10.0% sales price
= Claim Paid by EquityLock Solutions $ - $ 60,000 $ 30,000 in the
Property Value Difference $ 50,000 $ (50,000) $ 25,000 future!
Net Benefit to Property Owner $ 50,000 $ 10,000 $ 55,000
It’s About The INDEX - Not The Individual Property’s Resale Value
PROPRIETARY AND CONFIDENTIAL
1 1
3. Your Options to Purchase EquityLock® Protection
OPTION EXAMPLES
Property Protection Value = $300,000
EquityLock Protection
Contract Rate = 2.10%
1. Pay the total amount of EquityLock Protection Total Protection Cost = $ 6,300
with a one-time payment.
2. Pay the total amount with 12 equal monthly Payments for 12 Months = $ 525
installments. No Interest. No Credit Check.
Monthly payments for 60
3. Finance the total amount through Prentice Acceptance months at 9.98% through
Corporation for 18 to 60 months at 9.98% fixed Prentice Acceptance Corp. = $ 126.36*
APR, with automatic approval* for a limited time. *Estimate. Required $350 down
*A credit check is required. payment deducted from total
protection cost of $6,300.
4. Add EquityLock Protection to your existing mortgage
payment at your current mortgage rate. EquityLock monthly payment
added to your mortgage payment
Financing can be up to 60 months and requires prior for 60 months assuming
approval by your mortgage servicing company or current 4.25% APR on
your mortgage = $ 116.74
lender.
PROPRIETARY AND CONFIDENTIAL
2
4. How is Your Protected Coverage Amount Determined?
Values are specified by you and can be based on your:
Home sales price
Tax assessed value
Mortgage amount
Down payment or equity amount
Any value you choose up to $2 million*
* Amounts above $2 million require additional underwriting
No Need To Validate Property Values
PROPRIETARY AND CONFIDENTIAL
3
5. Population % Change In HPI Current HPI
MSA State HPI Peak
Rank
30
13
Las Vegas-Paradise, NV
Riverside-San Bernardino-Ontario, CA
NV
CA
Since Peak
-60.24%
-48.60%
1Q 2012
101.73
168.33
256.52
327.48
Top 50 Cities in
14
26
24
Phoenix-Mesa-Glendale, AZ
Orlando-Kissimmee-Sanford, FL
Sacramento-Arden-Arcade-Roseville, CA
AZ
FL
CA
-48.00%
-47.02%
-46.66%
152.94
149.29
155.03
294.23
281.78
290.62
Population Ranking &
8
19
12
Miami-Miami Beach-Kendall, FL (MSAD)
Tampa-St. Petersburg-Clearwater, FL
Detroit-Livonia-Dearborn, MI (MSAD)
FL
FL
MI
-45.69%
-41.71%
-38.23%
185.6
169.11
116.7
341.75
290.12
188.92
% Change in House
40
2
17
Jacksonville, FL
Los Angeles-Long Beach-Glendale, CA (MSAD)
San Diego-Carlsbad-San Marcos, CA
FL
CA
CA
-34.58%
-33.90%
-33.51%
175.8
222.61
214.06
268.73
336.76
321.95
Price Index
3 Chicago-Joliet-Naperville, IL (MSAD) IL -24.99% 152.51 203.34
15 Seattle-Bellevue-Everett, WA (MSAD) WA -24.88% 198.52 264.27
31 San Jose-Sunnyvale-Santa Clara, CA CA -24.69% 238.78 317.08
16 Minneapolis-St. Paul-Bloomington, MN-WI MN WI -24.16% 176.73 233.04
23
9
Portland-Vancouver-Hillsboro, OR-WA
Atlanta-Sandy Springs-Marietta, GA
OR WA
GA
-23.46%
-23.43%
185.3
140.46
242.09
183.43
These large cities have
38
11
Providence-New Bedford-Fall River, RI-MA
San Francisco-San Mateo-Redwood City, CA (MSAD)
RI MA
CA
-23.14%
-22.26%
197.95
235.59
257.53
303.04 experienced the largest value
7 Washington-Arlington-Alexandria, DC-VA-MD-WV (MSAD) DC VA MD WV -22.23% 218.05 280.37
20 Baltimore-Towson, MD MD -20.38% 201.82 253.48 declines over the last few
48 Salt Lake City, UT UT -19.58% 176.5 219.46
44
36
Richmond, VA
Virginia Beach-Norfolk-Newport News, VA-NC
VA
VA NC
-17.63%
-17.43%
181.7
210.29
220.58
254.67
years .
28 Cleveland-Elyria-Mentor, OH OH -16.15% 126.75 151.17
1 New York-White Plains-Wayne, NY-NJ (MSAD) NY NJ -16.09% 227.99 271.7
10
33
Boston-Quincy, MA (MSAD)
Charlotte-Gastonia-Rock Hill, NC-SC
MA
NC SC
-15.20%
-14.26%
230.71
155.76
272.05
181.66 If you need to sell your home
41 Memphis, TN-MS-AR TN MS AR -12.48% 138.47 158.21
39 Milwaukee-Waukesha-West Allis, WI WI -11.99% 166.41 189.1 in the next few years, will it be
45 Hartford, CT CT -11.48% 173.95 196.51
50 Birmingham-Hoover, AL AL -10.81% 160.12 179.53 worth what it is today?
5 Philadelphia, PA (MSAD) PA -9.90% 197.35 219.04
29 Kansas City, MO-KS MO KS -9.90% 161.78 179.56
18 St. Louis, MO-IL MO IL -9.60% 169.51 187.51
47
46
Raleigh-Cary, NC
New Orleans-Metairie-Kenner, LA
NC
LA
-8.35%
-8.18%
154.78
191.82
168.89
208.92
EquityLock Protection
27
32
Cincinnati-Middletown, OH-KY-IN
Columbus, OH
OH KY IN
OH
-8.18%
-8.10%
145.58
144.1
158.56
156.81 gives you
37 Nashville-Davidson--Murfreesboro--Franklin, TN TN -7.69% 174.56 189.1
21 Denver-Aurora-Broomfield, CO CO -5.88% 187.81 199.54 property value peace of mind.
34 Indianapolis-Carmel, IN IN -5.29% 140.73 148.59
4 Dallas-Plano-Irving, TX (MSAD) TX -4.06% 162.57 169.45
42 Louisville-Jefferson County, KY-IN KY IN -4.06% 163.73 170.65
25 San Antonio-New Braunfels, TX TX -2.80% 172.26 177.22
6 Houston-Sugar Land-Baytown, TX TX -1.74% 187.13 190.45
35 Austin-Round Rock-San Marcos, TX TX -1.65% 199.18 202.52
43 Oklahoma City, OK OK -1.13% 176.41 178.42
PROPRIETARY AND CONFIDENTIAL
22 Pittsburgh, PA PA -0.07% 167.13 168.32
49 Buffalo-Niagara Falls, NY NY 0.00% 151.73 151.73
4
6. Summary of EquityLock Protection Terms
Feature Description
Current property value (or more), purchase price, mortgage amount, down payment,
Protected Coverage
existing equity - Consumer determines property coverage amount of contract.
Coverage Period Standard contract is for 15 years.
Waiting Period No claims are eligible for payment within the first 24 months of contract.
Claim Terms Property sales require an “arm’s-length” transaction to an unrelated party.
Coverage Standard contract maximum claim is 20% of contract amount.
Property Types Primary residences, second homes, non-owner occupied and multi-family up to 49 units.
Pricing is based on property and loan factors including; homeowner probability of
Pricing Factors mobility, loan status, property type, property value, occupancy type (rent, lease to own,
owner occupied…) and geography.
Foreclosures are not eligible for EquityLock Protection. EquityLock Protection is available
Limitations for short sales, subject to lender approval.
Consumer direct pricing is between 1.50% - 3.00% based on pricing factors above for
Pricing Terms existing homeowners. Financing is available and can be added to existing mortgage
payments with lender approval.
Administrator Willis Group Holdings PLC
Additional Information Sample contract and pricing plans available upon request.
PROPRIETARY AND CONFIDENTIAL
5