Equity Builder Program Requirements
To participate in the Equity Builder Program (EBP) you must agree to the following...
1. Tenant agrees to pay at least $100 additional rent by the 1st of each month. The tenant will be credited $150 towards future concessions, commission discounts, or purchase price reductions on the purchase of their home (tenant may pay additional money for larger credits).
2. The tenant must sign a Buyer/Broker Agreement with their assigned EBP Realtor to purchase a home.
3. The tenant will have 24 months to purchase their home.
4. The tenant's credits will be capped to 3% of the price of the home they purchase. (ex: if the tenant purchases a $100,000 condo then the credit limit is 3% of $100,000 or $3,000 max).
5. The tenant must sign up for the Equity Builder Program (EBP), pay the $250 enrollment fee (instant credit toward your home purchase), and work with the mortgage consultant to qualify for your loan.
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