Part of the nBuy Life Event Network

Our home planning centers: 


— Step 1: Apply for Your BLOC Account —

BLOC Required Characteristics:

  • must be an open ended Home Equity Line of Credit
  • must have an interest only payment option
  • must be attached to the primary residence in a second lien position
  • must be a variable rate account
  • must have an credit line amount of $20,000 or more

    download this BLOC characteristic sheet to use when shopping for your home equity line of credit


    Important Note: if you have an existing home equity line the has the above characteristics, it can be used as your BLOC

    if you have an existing home equity loan that is being paid down, shop for an BLOC to payoff and close your home equity loan

    your new BLOC must be in a second lien position

Shopping and Finding Your BLOC

  1. review our home equity center at: www.YourEquity.com
    for more information about home equity product terms and features

  2. download our shopping sheet
    that lists the BLOC characteristics and helps you shop lenders for best terms

  3. use our LTV calculation to estimate how much
    you may qualify. You will need a credit line of $20,000 or more. Be prepared to get a 100%LTV equity line if needed to payoff existing debt and maintain an open credit line of $20,000 or more

  4. use our network of lenders to shop your BLOC
    be prepared to negotiate best terms and rates

    note: don't get hung up on interest rate. The MMA program will minimize the interest rate charges since income going into the account will keep the average daily balance down

  5. use your BLOC to consolidate and payoff all of your debts. This will free up discretionary income that will be used to pay down your BLOC

go to Success Plan: Step 2

 

Home Equity Application

FAST Mortgage Payoff

  • [view]Introduction
  • [view]About Your Mortgage
  • [view] Mortgage Payoff Tips
  • [view] About MMA Software
  • [view] 10-Step Success Plan
  • [view]STP1: Apply BLOC
  • [view]STP2: Payoff Debts
  • [view]STP3: Start Using
  • [view]STP4: Max Benefits
  • [view]STP5: Budget
  • [view]STP6: Lower Bills
  • [view]STP7: Increase $$$
  • [view]STP8: Plan Smart
  • [view]STP9: Better You
  • [view]STP10: Final Note
  • [view] Get Started
  • [view] Home Valuations
  • [view] LTV Calculation
  • [view]Amortization Wkst