You accrue equity after you purchase a home and gradually pay off that mortgage loan. Since equity refers to your portion of homeownership, all Tennessee homeowners want as much of it as possible – particularly before they sell or move.
One such case involved the Larsen family, who faced dramatic lifestyle changes that threatened their grasp on equity. The family needed a property sales strategy with debt shielding that could protect their credit and wealth. My Tennessee Home Solution’s Equity Protection Program was a perfect fit.
Introducing The Larsens
Raymond and Mary Jane Larsen moved into their house with their son in 2022. The cozy brick building was their dream home for a while until the couple faced unexpected health challenges. Their son already needed continuous care, but they could work around those obstacles until Raymond dealt with his own health scare.
The property had questionable physical accessibility at best because of steep stairways and an upper story. After this, neither Raymond nor his son could safely navigate those features. The Larsen family needed to move to a single story for injury risk mitigation and prioritize investment safeguarding when planning the sale and move.
Some property equity was secure from paying the mortgage while they lived at the house. However, the Larsens still had to repay a significant portion of the mortgage before they could apply for a new one and purchase a more suitable home.
About The Larsens’ Household
- Property address: 3104 Thornberry Cir, Spring Hill, TN 37174
- Property type: Single-family
- Bedrooms: Three
- Bathrooms: Two
- Year built: 2002
- Square footage: 2,124
How My Tennessee Home Solution Protected the Larsens’ Equity
As the Larsens researched selling options, they found My Tennessee Home Solution’s Equity Protection Program. Raymond and his son both served in the military and felt drawn to this veteran-owned company. The program assists with credit and asset preservation, which was just what the Larsens needed to move forward.
The family scheduled a property valuation with one of My Tennessee Home Solution’s representatives. The team arrived at a fair price, which the Larsens accepted to relieve their mortgage debts and ensure they could quickly move into a new home. The family was then free to focus on what mattered most, taking care of one another.
Rely On My Tennessee Home Solution’s Equity Protection Program
Selling a house with little to no equity can feel incredibly stressful. Why not inquire about My Tennessee Home Solution’s Equity Protection Program? The process is as easy as these four simple steps:
- Contact My Tennessee Home Solution. The team connects you with the Equity Protection folks who assist sellers who recently purchased properties.
- Evaluate your remaining mortgage balance and equity. The team helps you calculate your remaining balance and whether you’re at risk of falling behind.
- Receive an offer. Reviewing the offer details and paperwork should determine whether the offer is right for the home seller.
- Accept the offer. Move into your new abode, and enjoy your fresh start!
Call 615-933-5431 to see if you qualify for the Equity Protection Program!
