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Home Equity Associates Plan is to provide the benefits of the revolutionary, community based, home buying club to EVERYBODY. That includes the individuals normally rejected by the major banks.

HEA offers qualifying members an unbeatable Home Ownership Plan at the

LOW 3% pa Interest Rate

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Major Benefits

A Home Ownership Plan based on your needs, not the banks.
A Home Ownership Plan without country, area, zoning or other qualifying limitations.
You will always qualify! Unemployed, pensioners, self employed, discharged bankrupts, all qualify.
No discrimination against Colour, Race, Age, Gender, Country, Politics or Religion.
Absolutely no qualifying deposit! None at all, ever! - Which means that you can buy your dream home sooner.
A Home Ownership Plan that does not require bankers mortgage insurance, which means you'll be saving thousands of dollars in insurance payments and have more money for things that matter to you more.
You can select a purchase plan for any type of mortgagable freehold or leasehold property, to suit your repayment ability, up to maximum of 30 years.
You will be encouraged and be given incentives to pay out your mortgage sooner, without early payout penalties, hidden charges or costs.
You can relax, knowing that you are receiving all the benefits at the lowest possible interest rate, currently at 3%, calculated daily on outstanding principle.
You'll have security and peace of mind knowing that your HEA interest is fixed for the term of the purchase plan.
A Home Ownership Plan without hidden administration or account fees or charges.
The benefits gained by your Membership in the association are transferable and bequethable to the party of your choosing, at no cost to you.

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Availability of Funds :

Residential vacant land and/or building contracts.
Residential owner occupied homes, established or new.
Residential investment properties for rental profit.
Commercial land, or vacant land and buildings.
Factories, Sheds, Shops or Offices.
Farms & Properties, vacant rural land only, or land and buildings.
Holiday homes, resorts, cabins or camps.
Retirement homes, villages.
Consolidation - Refinance of existing loans, credit cards, personal loans, etc.
Optional lines of credit to approved qualifiers.
Developments and Business funding capital, Plant and Machinery.

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Example: $180,000 Home Purchase

Bank Loan of $150,000 @ 8% pa

Deposit

$30,000

Application fees, minimum

$700

Valuation, minimum

$400

TOTAL CASH AT HAND REQUIRED

TOTAL

$31,100

In addition, you must prove to the bank that you have the funds available for:

Bank Loan Expenses

Solicitors fees

$4,000

Transaction taxes varies from country to country

$5,000

Registration fees

$200

Mortgage insurance if equity below 20%

$4,000

Searches

$600

TOTAL

$13,800

Note: Approximate amounts only. Fees, taxes and statutory charges vary from country to country

BANK TOTAL REQUIRED AT PURCHASE TIME

$44,900

Apart from government charges, valuation fees, and your solicitor's (attorney's) fees, none of the above is required by your Home Equity Loan Project.

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Let's sum it up

DEPOSIT - saving $100 per week, it will take you 449 weeks, or almost 10 years just to save for a deposit (down payment) and expenses.
REPAYMENTS - to service that $150,000 loan at 8% interest PA, your repayments would be $253 per week over 30 years.
TOTAL REPAYMENTS - $394,680 over 30 years, that is $244,680 in interest alone to the Bank.
TOTAL OUT OF POCKET - Deposit and expenses of $44,900 plus Total Repayments of $394,680 makes for a whopping....
GRAND TOTAL - $439,580 and nearly 40 years of your working life.

$439,580 and nearly 40 years of your working life, just to secure the roof over your head ???

That does not make sense, does it now?

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HEA Home Loan Alternative @ 3% PA

When you qualify for an approved Home Loan Equity Loan Project organised by HEA, your weekly repayments will be structured to suit your budget, which could be from as little as one dollar for each thousand dollars advanced on a 30 year term. Interest is calculated daily on the reducing balance. Remember, you choose the term of the payment plan to suit your own income and lifestyle.

Based on the calculated principal and interest repayments for a typical loan at 8% interest over 30 year term, you could save more than the total loan amount in bank interest charges alone. Plus, you will save even more, when bank fees and charges are taken into account and included in the total payments.

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And the benefits do not end here

You could use the years you have saved and your capacity to borrow, to purchase an investment property. Using the Rental Income from the property, Tax Benefits and Your Capacity to Repay, you could easily repay an investment property of the same type in even shorter period of time.

BE A PART OF THE REVOLUTIONARY ALTERNATIVE

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Home Ownership for the Disadvantaged of the World