San Mateo, Calif. (PRWEB) January 23, 2015
Barastone LLC today announced that recent changes to the eligibility requirements will enable many of the homeowners in the San Francisco Bay Area to qualify for a little known home finance product. The new requirements enable owners of homes valued at a minimum of $650,000 to access cash without a loan and monthly payments. The homeowners are not required to demonstrate a minimum net worth. The program, a home appreciation rights agreement offered through Barastone, allows homeowners to keep and protect their current equity. Previously, only homeowners with a base of nearly $1 million in home value and an additional $1 million in liquid investments were eligible for this program.
“We have used this program to help clients pay down debt, launch a business, or supplement retirement. These new guidelines will allow us to bring the product where the market needs it most - to the average homeowner right here in the Bay Area,” said Steve Hotovec, Chief Operating Officer of Barastone. “We are excited to offer this opportunity to more of our neighbors here and throughout California,” he added.
Home Appreciation Rights Agreements
Barastone is an authorized originator of the EquityKey Home Appreciation Rights Agreement which differs from conventional mortgage or cash lending instruments in the following ways; since it is not a loan, there are no monthly payments, no service fees nor points, no restrictions as to how the cash received can be used, and the homeowners keep and protect their current home equity. The process and terms are customizable to each individual homeowner.
Terms and conditions apply, and homeowners should contact Barastone to learn more about this home finance program.
Barastone is a team of seasoned financial experts who specialize in providing cash and liquidity solutions for homeowners, and is one of the first authorized originators of the EquityKey Home Appreciation Rights Agreement.
For more information contact Barastone at info(at)barastone(dot)com, 650-802-0800.
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