EquityBuilder Loan

Build Home Equity Faster Than a Standard Loan with Less Up-Front Cash to Close

The Best of Both Worlds

The EquityBuilder loan puts first-time homebuyers on a path to more rapid savings through paid-in home equity. Perfect for borrowers with greater capacity to repay, the EquityBuilder loan features a combination of a shorter amortization term and optional permanent buydown.

After 7 years, you’ll have $45,000 more in equity compared to with a traditional 30-year fixed mortgage; and after 10 years, you’ll have more than double the paid-in-equity.

This outstanding loan option provides the best of both worlds, helping you achieve the goal of home ownership while also building equity as quickly as possible.

This program features 100% financing towards the purchase price of your home, minus closing costs or transaction fees, with a 20-year repayment term. This enables borrowers to repurpose proceeds from the down payment to further buy down the rate, enhancing the loan’s wealth-creating power.

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The Equity-Accelerating Power of the EquityBuilder Loan

100% Financing

100% financing of the purchase price of your home is available. This is a unique feature of Equity Builder because most home loan programs require a down payment. Your loan amount cannot exceed the lower of the purchase price or appraised value of the home. Costs associated with the transaction (e.g. closing costs, prepaid interest, fees paid to reduce your interest rate, etc.) cannot be included in the loan amount.

Pay Off Your Home Faster

The EquityBuilder program is designed to help you pay off your mortgage sooner. Instead of a 30-year mortgage, Equity Builder offers a 20-year term. This is perfect if you can afford to put a little extra toward your mortgage payment each month. Accelerating your mortgage term is also beneficial if you’re retiring in the next 10, 15 or 20 years and don’t want to carry a mortgage into retirement. Eliminating your payment can stretch your retirement dollars further and let you live the life you want.

Pay Less Interest

Because you’re opting for a shorter loan term, you’ll pay less interest over the life of your mortgage, reducing your overall expense.

Build Equity Faster

A shorter mortgage term means you’ll build equity faster compared to someone with a 30-year mortgage. In other words, you’ll own more of your house sooner assuming that real estate market conditions in your area are either stable or improving.

Plus, if you choose to sell the home before the end of your mortgage term, more equity equates to a bigger profit and a bigger down payment on your next home purchase. Building equity and having a greater stake in your home lowers the risk of foreclosure and offers peace of mind.

What are the Eligibility Requirements for the EquityBuilder Loan?

Borrowers must contribute 1% or $1,000 (whichever is greater) towards costs associated with the transaction (e.g. closing costs, prepaid interest, fees paid to reduce your interest rate, etc.). This minimum investment can be gifted if certain conditions are met – check with a loan officer for details.

The EquityBuilder loan is for first-time homebuyers with greater capacity to repay.

The program is available only in Alabama, Arizona, Colorado, Florida, Illinois, Indiana, Michigan, Ohio and Utah.

Talk to an advisor today to see if you qualify and to learn more about the EquityBuilder loan.

Reviews for Mile High Loan Team

  • Our experience with Bobby Kurpinsky was great. Everyone was so helpful and everything was always done in a timely manner.

    – Jara J.

  • Great experience working with Bobby, very helpful and knowledgeable and patience for what we had to go though with some bumps on the road. All in all was great and will be forever grateful.

    – Reyna F.

  • Bobby is an excellent and professional person to work with. He made the whole process very easy.

    – Leticia S.

  • Bobby – All of the service that you provided to me exceeded my expectation. My realtor was right when she said that you were the best in the mortgage industry. All of you were so patient with me in the process. You guys were a great team helping me reach my goal. All my requests and concerns were explained to me promptly. You guys are knowledgeable. I would refer you to anyone that is looking to buy a home in a heartbeat. Thank you and God bless you guys you are the best.

    – Glenda R.

  • Bobby was amazing. Bobby was always in touch with me and always responded right away to any questions I had. He never made me feel like I was a bother, even though I had so many questions. He made the loan process so smooth. I highly recommend him.

    – Brandon W.

  • Bobby was excellent, very helpful with the entire process. I felt important and valued as a client. He answered every question and made buying our home so much easier than anticipated. I would recommend him to everyone I know.

    – Julie F.

  • Bobby was very responsive and patient with my numerous questions as a first time home buyer.

    – Kelsey R.

  • Bobby, I want to Thank you for being understanding throughout this process. I appreciate the great customer service and your availability.

    – Olga Z.

  • Bobby Kurpinsky and his staff were available to assist me through every step of financing a new home. The pre approval could not have been easier using the online app. The closing was complicated on two levels. The first being IRS changes on their web site making obtaining tax transcripts more difficult and time consuming. My mortgage was an out of state loan and I was traveling on the closing date. Mr Kurpinsky made it all happen and the money transferred without a hitch.

    – Linda G.

  • Bobby did a great job figuring out exactly what I was looking to do and was able to give me a couple options that could’ve fit- I was able to even do a lower term with equal payments.

    – Jacob F.

  • Buying a home is a very stressful event in one’s life. I have had many events this last few months and from the very first contact I felt very confident and excited with my decision in using Mr. Kurpinsky. Every step of the way was a positive experience, even during a few last minute bumps in the road.

    – Sara A.

  • Bobby Kurpinsky was very helpful and communicative throughout the entire process. I was surprised how much they cared about the customer there needs compared to other lenders I attempted to work with before switching to Bobby. I feel that my wife and I were well taken care of during this process and we were finally able to get a home.

    – Andrew G.

  • My closing came down to the wire and Bobby was able to pull it all off so that we could close that following work day. So relieved!

    – Jocelyn P.

  • Excellent people, very professional, helpful in every aspect. If I will have to go over this process again, I will definitely choose them again.

    – Arturo M.

  • Bobby has been the go to guy for myself, family and friends for our homes and rental properties.

    – Marc S.

Mile High Mortgage Group Top CHFA Lender in Colorado

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