w Much Cash Can I Get?<\/strong><\/p>\nQualifying homeowners may receive up to 17.25% in cash based on their home\u2019s current appraised value in exchange for a portion of the potential future appreciation, if any.<\/p>\n
W<\/strong>hat <\/strong>T<\/strong>ypes of Properties Qualify?<\/strong><\/p>\nBoth primary and secondary homes, and town homes in CA, FL and NY, are eligible. In some areas, condos are also eligible. We are working to expand this program to additional states, so check back with us to see if your state has been added.<\/p>\n
D<\/strong>o I Have to Pay-off My Existing\u00a0<\/strong>L<\/strong>oans to Qualify?<\/strong><\/p>\nHomeowners are allowed to keep their existing loans or lines of credit up to a maximum of 63% of the current value of the home.<\/p>\n
H<\/strong>o<\/strong>w Much Does it Cost?<\/strong><\/p>\nThis program is not debt- based, therefore the homeowner DOES NOT pay any points, fees or interest.<\/p>\n
The only expense incurred by the homeowner is a third-party appraisal of the current value of their property, which is required during the application process.<\/p>\n
Are There Any Monthly Payments?<\/strong><\/p>\nNo. There are no fees, costs nor monthly payments.<\/p>\n
H<\/strong>o<\/strong>w Much of My Current Equity\u00a0<\/strong>D<\/strong>o I Have to Share?<\/strong><\/p>\nZero, None, Nada. This program enables you to keep and protect the current equity in your home.<\/p>\n
H<\/strong>o<\/strong>w is The Value of My Home\u00a0<\/strong>D<\/strong>e<\/strong>t<\/strong>ermined?<\/strong><\/p>\nThe initial value of your home is determined by an appraisal conducted by an independent appraiser chosen by a third party.<\/p>\n
W<\/strong>hen <\/strong>D<\/strong>oes the Agreement End?<\/strong><\/p>\nThe agreement terminates when you sell the home, the last surviving title holder passes away, or 50 years, whichever comes first.<\/p>\n
How is Appreciation Measured in\u00a0<\/strong>T<\/strong>his Program?<\/strong><\/p>\nAppreciation is measured by using Standard & Poor\u2019s Case Shiller Home Index for homes in your geographic area. This is a well-established benchmark, providing reliable and consistent measurement of average home prices.<\/p>\n
H<\/strong>o<\/strong>w is The Appreciation\u00a0<\/strong>Calcula<\/strong>t<\/strong>ed?<\/strong><\/p>\nWhen the agreement is terminated, the change in the index from the start to the end of the agreement is calculated. The amount you owe\u00a0is based on the agreed upon percentage of the change in the index multiplied by the original appraised value of your home.<\/p>\n
H<\/strong>o<\/strong>w Much Future Home Apprecia<\/strong>tion Do I Have to Share?<\/strong><\/p>\nThe portion of appreciation shared depends upon the amount of cash you elect to receive.<\/p>\n
W<\/strong>hat Happens if There is No Ap<\/strong>preciation <\/strong>o<\/strong>f the Index at the End of the Home Appreciation Rights Agreement?<\/strong><\/p>\nIn the event that the Index at the end of the agreement has not increased from the index at the start\u00a0of the agreement, no appreciation of the index has occurred, and therefore, the homeowner is relieved of his obligation to share any appreciation. This may occur even if your home has appreciated beyond its starting appraised value. In this situation, you keep the appreciation earned by the sale of your home and would only owe back the original cash amount received.<\/p>\n
W<\/strong>hat <\/strong>if the Index Decreases in\u00a0<\/strong>V<\/strong>alue<\/strong>?<\/strong><\/p>\nIn the event that the Index declines, 100% of that decrease will be deducted from the original cash amount received up to the full amount of the money originally paid to the homeowner. For example, if the homeowner was paid $200,000 through the Home Appreciation Rights Agreement, and, at termination, the index had decreased by $200,000, the home- owner would NOT be required to pay back ANY of the original cash received.<\/p>\n
W<\/strong>hat if My Home Appreciates\u00a0<\/strong>G<\/strong>r<\/strong>eater <\/strong>T<\/strong>han the Index?<\/strong><\/p>\nThe homeowner keeps 100% of the home\u2019s actual appreciation, and owes the appreciation of the index. Any over-performance is kept by the homeowner.<\/p>\n
W<\/strong>hat if My Home Appreciates Less\u00a0<\/strong>T<\/strong>han the Index?<\/strong><\/p>\nThe homeowner keeps 100% of the home\u2019s appreciation and owes the appreciation of the index. Any under-performance of the index is owed by the homeowner.<\/p>\n
Can I Refinance?<\/strong><\/p>\nYes. You can refinance or take out additional loans on the property, though refinances of existing loans and all new loans must be approved. The structure of your new loan must satisfy current guidelines.<\/p>\n
Can I Move?<\/strong><\/p>\nYes. There is no requirement that you live in the property, as long as you retain ownership.<\/p>\n
To See If You Qualify, Or To Find Out How Much Cash Would Be Available to You:<\/strong><\/p>\nCall<\/strong> TJ <\/strong>Toll Free at:\u00a0<\/strong>800-922-5300 10 AM to 8 PM Pacific Time.<\/p>\nor email:\u00a0TJ@megadynellc.com<\/a>\u00a0 Toll Free Fax 866-798-2FAX (2329)<\/p>\n*Megadyne,LLC is a an authorized representative of:<\/p>\n
EquityKey Appreciation Rights Agreements.<\/p>\n","protected":false},"excerpt":{"rendered":"
Introducing Home Appreciation Rights Alternative (HARA) A powerful new cash tool for homeowners in CA, FL and NY:\u25baGet Cash, Without Debt.\u25baKeep and Protect Your Equity. This program gives homeowners an intelligent way to access liquidity\u00a0and take control over their financial well being without having to take\u00a0out a loan or sell their property. Why do I […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/megadynellc.com\/index.php\/wp-json\/wp\/v2\/pages\/12"}],"collection":[{"href":"https:\/\/megadynellc.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/megadynellc.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/megadynellc.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/megadynellc.com\/index.php\/wp-json\/wp\/v2\/comments?post=12"}],"version-history":[{"count":13,"href":"https:\/\/megadynellc.com\/index.php\/wp-json\/wp\/v2\/pages\/12\/revisions"}],"predecessor-version":[{"id":614,"href":"https:\/\/megadynellc.com\/index.php\/wp-json\/wp\/v2\/pages\/12\/revisions\/614"}],"wp:attachment":[{"href":"https:\/\/megadynellc.com\/index.php\/wp-json\/wp\/v2\/media?parent=12"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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<\/a>Conventional debt-based instruments, including Reverse Mortgages, require homeowners to pay upfront fees and expenses as well as incur monthly fees and interest. The Home Appreciation Rights Alternative (HARA) differs from conventional debt-based instruments in the following ways:<\/p>\n