Value Guard Extended
Homeowners have regained confidence in the market by protecting the value of their homes in preparation for the next housing market decline with Value Guard Extended, which expands upon our original Value Guard program to include:
- Up to 15 years of protection on your home’s value
- Protection for any amount of your home’s value or higher
- Compensation of up to 20% of the protection amount
You can purchase protection at any time for any amount of your home’s value, which could be your current equity amount, mortgage balance, current market value or higher. You are then compensated up to 20% of the protection amount at the future sale of your home to the extent that the local Federal Housing Finance Agency (FHFA) housing market index declined since your purchase of the protection agreement.
Value Guard Extended is ideal when purchasing or refinancing a home simply because of the financial protection it offers on your investment, and it pays out regardless of what you may sell your home for in the future - even if you sell for a profit.
If you are selling your home, you can offer Value Guard Extended to your buyers as a benefit to help you sell your home faster and closer to the listing price. You pay nothing until your home is sold, if it does not sell, there is no fee.
Value Guard Extended is available on primary residences, second homes, and investment properties with no additional appraisal required. The 15 year coverage period starts with a 24 month initial waiting period after closing. There is a one-time contract fee of 1.9% of the protection amount. If a mortgage loan is closed with Draper and Kramer Mortgage Corp. at the same time on the covered property, Draper and Kramer Mortgage Corp. will discount the contract fee by 0.4% of the mortgage loan amount.
After closing with Draper and Kramer Mortgage Corp., you will receive a Draper and Kramer Mortgage Corp. Value Guard Certificate of Protection and will be contacted to go over all the details. For more information now or if you have questions on Value Guard Extended, please contact us any time.