Find out more below.
EQ2 Shared Equity
SHARED EQUITY OPTION TO BUY YOUR DREAM HOME
If you are a member in good standing for the past 12 months and you want to make a move into home ownership, and reduce the equity you need, then EQ2 Shared Equity Option can provide you with the equity you require to purchase your dream home. We recognize responsible tenants are managing high rents and deserve the opportunity to buy a home and build future equity.
WHAT IS SHARED EQUITY?
EQ2 will match your equity and double the down payment for a share of the equity in your home in case of an unforeseen event prior to closing or you just want to reduce the cost of your monthly mortgage payments. You can exercise the EQ2 option after 12 months of Membership in the Pensio Tenants Association. Getting approved for the EQ2 option is simple. Start by contacting us below.
PENSIO EQ2 EQUITY CONTRIBUTION
EQ2 provides matching equity funds that you can use for up to 30 years with no interest charges or monthly payments. In exchange we share in the change in value of your home – up or down – when you decide to sell. Our share of the change in value can be up to 35% of the appreciation of your home. If your home’s value increases, we both profit as partners. If your home’s value decreases, we also typically take a portion of the loss. It is a true partnership – we win and lose together, Putting You First. You will be the sole owner of your home, you can sell your home any time you choose.
ENJOY YOUR HOME!
Pensio EQ2 will be your partner, but you are the sole owner of your home. You can sell your home at any time.