Equity Enhancement Program

How Equity Enhancement Works For You...

Equity Enhancement is a powerful loan program that helps customers who utilize HFS financing qualify for additional funds based on the future value of their home.

What is Equity Enhancement?

Equity Enhancement is the EXTRA VALUE a bank will add to the appraised value of the home INCLUDING the pool! Equity Enhancement, or Add-back, is expressed as the percentage that the cost of the pool will add to the appraised value of the home. This amount, now including the value that the pool has "added-back" to the home, will be used by the bank to determine the appraised value upon which to base the loan. For example, a bank offering 100% add-back would give 100% of the cost of the pool to the appraised value of the home. This enables the customer to use the value of what their home would be worth if the pool were already in. Most brokers, banks and credit unions do not offer this feature.

A Typical Scenario...

Mr. & Mrs. Smith have their home appraised at $100,000.00. They have a mortgage of $85,000.00. They have estimates on their dream pool of $35,000.00. They are considering loan proposals from their bank, another dealer and you (through HFS).

	HFS's Equity Enhancement Program	Your New Home Value	Your New Pool Loan Amount
HFS Pools	100%	$135,000.00	$50,000.00
other brokers	0%	$100,000.00	$15,000.00

Now you can heat the pool, light it, add automation, a spa and barely increase your monthly payments!