This is one of the biggest scams I’ve ever heard of in my life all the hard work you put into your house and you have to give it back. That is crazy! There is no such thing as free money….. there’s only $300 million in the fund. How many people live in need housing in California🤔
@MG-wl5um
7 күн бұрын
Why can't people save for a down-payment? I wish the politicians would stop pandering to lazy people!
@priscillaroy8147
Жыл бұрын
First guy to detail the terms correctly, everything else directs me to FHA loan which is different.
@thedreamachinee
2 ай бұрын
Just got approved today for mine 🎉
@californiagrape
9 ай бұрын
It’s an Appreciation share program Not equity share program ( program will not be released until 2024 )
@flipmex1
Жыл бұрын
They want their money back even if you pay the loan off and decide to stay in the home. Imagine having to cut a check at the end of your loan to cover the 20% down and 20% appreciation. Ouch. This program isn’t for someone who is looking for a forever home. You will be pretty much forced to refinance it and use the equity to pay CalHFA if you don’t want to pay out of pocket at the end and want to stay in the home.
@eatchas
25 күн бұрын
Dream
@GregMuniz7
Жыл бұрын
Wait so what if the house doesn’t go up in value? I wouldn’t be able to pay back the loan and even if I did I wouldn’t gain more equity until after paying back that 120 k
@AnthonyRodriguez-ks7wj
2 ай бұрын
That’s when the next recession starts
@andyzhang5924
Жыл бұрын
The big question is that if I need to refinance the loan 2 years later, do I have to pay back that 20%? Or I can't refinance, just stuck with the high rate loan.
@SeanHerrero
Жыл бұрын
You would want to refinance and pay back the 20% and the 20% appreciation. remove the investor as soon as possible.
@chiludipin
7 ай бұрын
So how do you pay back that loan (down payment) if you decide to keep the property… do you just have to cut a check for the full amount (+20% appreciation) or can you just take another loan to pay off that one? Kinda confused on that part…
@davidcortez3768
5 ай бұрын
When the loan term ends (15 yr) or 30 yr mortgage, you'll pay back the 20% plus appreciation, which is a scam 😅
@theone4262
Жыл бұрын
What if you never sell. What happens to the 20% down payment.
@hangguy209
Жыл бұрын
Right?
@analyzingreaper
Жыл бұрын
You pay it at the end of your 30year fixed loan. Whether youre required to pay upfront or in payments is something im not sure of. Youd probably want to refinance asap so that you can get rid of the loan right there.
@SeanHerrero
Жыл бұрын
I will be helping my clients to refinance out of this program as soon as they can. That way they will minimize the amount of appreciation they give to CALHFA
@tuneski8890
Жыл бұрын
What if you payoff the mortgage? Do they still take their initial down payment and the equity percentage from the house value of the sale?
@CalifaEl
Жыл бұрын
I’d rather pay the interest 🤷🏾♂️
@darkkatana_z3340
Жыл бұрын
Is this program available now?
@SeanHerrero
Жыл бұрын
Yes it is! Go to meet.seanherrero.com to schedule a strategy call with me and I'll answer any questions you have.
@TheeOnlyDerrick
Жыл бұрын
Whhaaa
@ronniecegarner
Жыл бұрын
That’s a rip off you should be glad
@stevewihl4120
Жыл бұрын
So you’re out 20k. SOUNDS AWESOME!
@chinoskateboardv
Жыл бұрын
No. You’re positive $80,000. Your house costs $500,000. They gave you $100,000 with no interest meaning you’re only putting in $400,000. Home is now worth $600,000 and you sell. Pay back the $100,000 loan and the $20,000 (20%). So now you’re left with $480,000.
@SeanHerrero
Жыл бұрын
ChinoskateboardV nailed it. You would have gross of $80K when you sell in his example. You're not out $20K, you're up $80K gross
@89naldogrc
Жыл бұрын
So you decide to refinance to get that loan off you? Interest rates are now higher and your loan restarts all over again at a high value so now you’re hanging by a string trying to keep up with higher monthly payments than what you initially started off with. I don’t see this loan being beneficial for a forever home. This loan seem more in favor for investors
@tsangsir8827
Жыл бұрын
CalOver 😂
@Forzn7tu
Жыл бұрын
Would this work if your tryna to buy a house more than 600k or is there a limit?
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