Equity Lock Residential Introduces its Home Value Protection Plans

SAN FRANCISCO - Feb. 17, 2020 - PRLog -- Equity Lock Residential today introduced its new Home Value Protection Plans to Homeowner's in all Fifty States of the United States. The Equity Lock Residential – Home Value Protection Plan is essentially a contract that remunerates the Homeowner if the Subject Property falls in value during the Plan.

For a fee of 1% to 3% of the Home's Value at the time the Plan is initiated, paid out in the form of monthly premiums over a period of 3 to 7 years, the Homeowner buys a plan that protects them against the loss of equity in their home if the market takes a turn for the worse. The Plan pays the Homeowner when they sell the home in a market where average home prices have dropped since the plan was initiated. The amount the policy receives is tied to the size of the market's decline.

Say you take out a policy today, and your home is appraised for $300,000. Five years later, let's pretend your home's value falls, and you sell your home for $290,000. At closing, Equity Lock Residential will pay you $10,000; which is 100% of your lost home's equity.

Equity Lock Residential's – Home Value Protection Plans are for 3, 5 or 7 years, and can be renewed at maturity at current market values of the day as determined by a third-party residential appraisal.

Additional Information: www.EquityLockResidential.com