tag:blogger.com,1999:blog-8529580665294663953.post8697092353021227040..comments2023-10-27T04:26:57.609-07:00Comments on InvestorCentric: Protection Against Falling Home PricesNuWire Investorhttp://www.blogger.com/profile/02512928198926080436noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8529580665294663953.post-28526735086846299092008-09-24T17:02:00.000-07:002008-09-24T17:02:00.000-07:00I've looked at protectyourhomeequity.com and equit...I've looked at protectyourhomeequity.com and equitylockfinancial.com too. Both seem to be reputable. They are definitely different though, the former allows monthly payments, and the latter takes a big chunk up front. I don't know what the lockout periods or stated reserves are for either.<BR/><BR/>Either way, they seem good in the short term. It's cheap protection, and as long as they're posting some reserve or something similar, it seems pretty safe. AIG, the big failed insurance company, basically didn't put aside any reserves for it's "insurance" on securities - I'd be concerned about that with any type of protection these days.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8529580665294663953.post-64614467137712767402008-09-20T07:58:00.000-07:002008-09-20T07:58:00.000-07:00Great article. If you want variety, there are comp...Great article. If you want variety, there are competing products that offer different kinds of structures, like protectyourhomeequity.com. That seems to be one of the good ones, but you have to watch for the bad ones too - there is one in Arizona that offers protection for 1.5% of the home's value, but you cannot make a claim for 10 years! I'm not sure what EquityLock's lockout is, but the one I listed does not have any lockout. Definitely worth doing homework on the company before diving in.Anonymousnoreply@blogger.com