More SafeguardsMay 31, 2022
Home EquityMay 31, 2022
No Negative Equity Guarantee. Many people think that if your home has depreciated in value at the time it is sold, you or your heirs will end up owing more than the house is worth. With the No Negative Equity Guarantee, you are ensured that as long as you meet your mortgage obligations, home insurance and property taxes are paid, the amount you will have to pay on the due date will not exceed the fair market value of your home.
If your home depreciates in value and the mortgage amount due is more than the gross proceeds from the sale of the property, you will be covered for the difference between the sale price and the loan amount.
Now that’s something to celebrate!