Typical home Equity Loan Terms

Mortgagor eligibility requirements can impact any payment rate and whether it will apply before or after the equity loan is subtracted from the sales consideration. HCA will grant the qualifying buyers an equity loan of no more than 40% of the acquisition cost under the terms of the equity loan contract.

That means that if the value of the real estate gains or loses, the buyer pays the HCA the same percent of the new real estate value as the equity loan's percent of the initial value. The HCA may therefore be more or less remunerated than the initial loan value.

If at the point of selling the real estate the value of the real estate has dropped and there is not enough cash from the purchase to cover the equity loan after the loan has been repaid, the buyer loses any down payment made. The repayment, whether in full or in installments, is made on the basis of the fair value of the real estate at the date (s) of repayment and the buyer must initiate and settle the assessment of the real estate at that date.

Minimal installment value is 10% of the sum of the participating loan. Special prices apply to select properties only and are dependent on uptime. The pictures are typical for typical development of QNH and are for illustration only. QNH retains the right to cancel or modify any of these offerings at any moment before paying a booking charge.

YOU CAN REPOSSESS YOUR HOUSE IF YOU DO NOT MAINTAIN THE REPAYMENT OF YOUR LOAN.