What if a homeowner loses more money upon reselling the home than they get from the Home Equity ProtectionTM payment? What if they make money upon reselling the home, but the index has gone down?
EquityLock Financial will make a payment only when there has been a decline in the market index and only for the percent change in the index, multiplied by the protected value. Because the index represents the average performance of home prices in a geographic area, some people will experience losses greater than the decline in the index while some people will experience losses less than the decline in the index. It is possible that homeowners could sell their homes for a profit but still receive a Home Price ProtectionTM payment if the index has declined in their area. • How is payment made in the event of a claim? When you sell your house, we look at the change in your market index. If there was a drop in the market, we cut you a check. • Are there different prices for different areas? The fee for the Home Price ProtectionTM contract is determined by individual geographical/market and personal characteristics. Each market is different and some can be more volatile than others. Becaus
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