http://rexhomebuyer.com
Suppose your down payment is $100k. They will pay $50k of it. This is not a loan. There'll be no interest charged. They will not have any share in the home ownership or anything. Only when you sell your home, they will share in the profit from the appreciated price.
First of all it looks like they are only doing this in states like California where the home prices usually go up. Also looks like they are targetting expensive houses. Also they doing this business means home prices are expected to go up?
On a separate note, I don't understand where they are going to come up with such a high capital investment for a long term (5-10 years average?). Maybe their selection criteria would be strict?
Suppose your down payment is $100k. They will pay $50k of it. This is not a loan. There'll be no interest charged. They will not have any share in the home ownership or anything. Only when you sell your home, they will share in the profit from the appreciated price.
First of all it looks like they are only doing this in states like California where the home prices usually go up. Also looks like they are targetting expensive houses. Also they doing this business means home prices are expected to go up?
On a separate note, I don't understand where they are going to come up with such a high capital investment for a long term (5-10 years average?). Maybe their selection criteria would be strict?
Rex Homebuyer Downpayment Assistance
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