• ADVANTAGES AND DISADVANTAGES
• COSTS & FEES
• DEFINITION OF TERMS
• LIMITATIONS & RIGHTS
• PRIVACY & SECURITY
• SELLING MY HOME
• TAX & LEGAL
• TRANSPARENCY & OBJECTIVITY
• WORKING WITH INVESTORS
• WORKING WITH PRIMARQ

• How will having an investor change my ownership experience?
  There are advantages and disadvantages to having an investor involved with you. The pros and cons should be carefully weighed and considered before deciding to seek an investor.

POSSIBLE ADVANTAGES

POSSIBLE DISADVANTAGES

Access cash without debt to repay Less money tied up in a single investment (diversification) Pay down or pay off the mortgage If the property loses value, you don’t bear the whole loss alone - it is shared by an investor If you default on the loan, property tax or insurance, the investor may cover the costs temporarily in order to protect the investment (note: you will surrender additional equity to the investor in this circumstance) Sale of a portion of the property falls under the existing sales exemption

You must share the appreciation of the home with the investor If you default, the investor could buy the house from you at a discount rather than fair market value (FMV) Your employment, income and credit history will be regularly evaluated since they are central to the value of the investment You may be considered in default if you neglect the care of the property You may not be able to modify the property in any way you wish as the investor wants to ensure that the value of the property is being protected You may be required to seek investor approval before making changes You will need investor approval to borrow against the home equity as the investor wants to make sure that you maintain a significant stake in the property Depending on your home’s appreciation, the cost of money may be significantly higher than with traditional mortgage debt and interest. You must maintain the property as your primary residence and may not convert it to a rental property

• Is PRIMARQ like a mortgage lender?
  Mortgage lenders provide loans against the value of your property, which typically require a monthly payment, incur interest charges, and are secured by a trust deed. PRIMARQ is a market system which facilitates equity sharing transactions, whereby investors bid on owning a share of the home, seeking to benefit from the future appreciation. There are no monthly payments or security for the proceeds.
• Is a PRIMARQ Agreement a reverse mortgage?
  No A reverse mortgage is a financing tool (specifically, a loan) which enable seniors to access funds against the value of their home over a period of time. The interest is capitalized so that no payments are required. Upon sale, like other mortgage products, the reverse mortgage needs to be paid off in full before any equity is distributed to the owner. PRIMARQ transactions, on the other hand, entail the sale of a percentage of the equity in the home. It is not a loan, does not accrue any interest, and, upon sale, all equity holders (you and the investor) receive proceeds after all loans are paid off.
• How does PRIMARQ compare to a Home Equity Loan or Reverse Mortgage?

	PRIMARQ	Home Equity Loan	Reverse Mortgage
Description	Equity sharing agreement, where multiple parties coinvest equity funds and share ownership.	This is not a loan against the value of the property An interest bearing loan against the value of your home. Generally, the loan is secured with a deed of trust..	An interest bearing loan against the value of your home. Loan advances are made against the existing value of your equity.
Maximum Funding	Up to 50% of your home’s equity value, net of the mortgage debt.	Generally limited to 80-90% of the value of the property, while including all mortgage debt.	Generally limited to a percentage of the value of the home and the desired payment outlay program
Monthly Payments	No.	Yes.	No.
Is This Debt?	No.	Yes.	Yes. Interest accrues even though you are not making monthly payments.No.
Interest Rate	None.	Based on current financial index, the borrower’s credit score, home value, and amount borrowed. May be a fixed or variable rate.	Based on current financial index.
Tax Implications	In selling all or a portion of your property, you are subject to the home owner exclusion limitation of $250,000 or $500,000 based on tax filing, before taxes are applied.	In most cases, borrowers can deduct interest on loans up to $100,000. There is no tax on the receipt of funds	Interest is not deductible until the loan is paid off in part or whole. There is no tax on the receipt of funds
Is There A Minimum Age Requirement?	No.	No.	Yes. Home owner must be 62 or older.
Income Qualifications	None. But PRIMARQ does review the home owner’s financial ability to service the mortgage obligation if any.	Debt to income ratio can determine approval and influence the interest rate	You defer interest payments, so you don’t need a minimum amount of income to qualify.
Can Money Be Used for Any Purpose?	Yes.	Yes.	Yes.
What Happens If the Home Value Declines?	Both you and investor share in the decline in value	Does not reduce the amount you owe. Lender has priority position so that upon sale, it receives full principal before you receive any equity proceeds.	Does not reduce the amount you owe. Lender has priority position so that upon sale, it receives full principal before you receive any equity proceeds.
Term	Up to 50 years in most states	5 - 10 year draw period followed by 10 - 20 year repayment period.	Until you sell or leave your home, or the owner passes away.

• Is there a fee required to offer to sell my home equity?
  Yes, because PRIMARQ must arrange for an appraisal, photographs, credit reports and other information to “package” the investment opportunity, there will be a fee associated with the process of selling equity in your home.
• Do I pay PRIMARQ’s fees or does the investor(s)?
  As the recipient of the funds, the home owner pays the PRIMARQ transaction fee.
• What costs will I incur by taking on a PRIMARQ investor?
  There are costs associated with securing a PRIMARQ investor. The most significant will be a 4-5% transaction fee (on the amount of the investment) that will come out of your closing costs at the time of the transaction.
• How much are the closing costs?
  Closing costs will be similar to establishing a home equity loan, with the exception of a PRIMARQ transaction fee, (approximately 4-5% of the funds raised). Other expenses, such as appraisal, title insurance, and escrow fees will be generally at the same level
• Is mortgage insurance required?
  No. Mortgage insurance is typically required by lenders when the loan to value exceeds 80%. As PRIMARQ transactions do not entail a mortgage loan, mortgage insurance is not required.
• Will I get back my cost of improvements at the conclusion of the PRIMARQ agreement?
  Potentially. Before the property’s appreciation is split, capital contributions are returned. You will be reimbursed for home improvements up to the lesser of the cost or the appraised value of the improvements at the time the investments were made. As a result, over improvements will not generate additional reimbursable credit for you.

• What is a “preferred return” and why is the investor entitled to one?
  You, as the home buyer, have complete control of the property, which leaves the passive investor, to a great extent, at your mercy. This presents a problem if you should sell the house shortly after taking on an investor because the transaction costs associated with selling your home (realtor fees, title fees, etc.) can be significant. If the home is not given time to appreciate in value, your decision to conduct a sale shortly after taking on an investor will almost certainly result in a loss to the investor. The investor signed up to bear a market risk over which you and the investor have no control. However, the short-term sale is something under the home owner’s control that could result in taking advantage of the investor. To address this potential problem, if the home is sold within 12 months of the initial PRIMARQ investment (not a secondary trade) the investor is entitled to a preferred return of some level, e.g. 3-4%. After the 12month period the preferred position is lost.

• What are my financial responsibilities as the home owner?
  The home owner is solely obligated and responsible for the property taxes, mortgage, insurance and the cost of any maintenance or improvements associated with the occupying the home. You may invite the investor to participate in capital improvements (e.g., add a room, swimming pool, etc.), but their participation by making a further investment is optional and voluntary.
• Can I transfer my agreement through the sale of the home?
  No, but you may sell the property to any other home buyer and thereby conclude the PRIMARQ agreement.
• Must the home continue as my primary residence?
  Yes. PRIMARQ’s investors invest in owner-occupied homes exclusively. As a result, you may not seek a PRIMARQ investor for a rental property or convert your home to a rental property after a PRIMARQ investment is made.
• Can the investor ask to stay or live in my home at any point?
  No. In all likelihood, you won’t even communicate with the investor. Their involvement is completely passive. Any communication with the investor will be handled through a neutral party. The investor has no right to reside in the property.
• Will my investor visit my home?
  An investor may never come to the house unannounced and invade your privacy. If there is evidence of failure to maintain the property, the investor may request a visit through a PRIMARQ representative that oversees the relationship. Any such visit will always be preceded by at least a 10-day notice. Through the PRIMARQ portfolio management service, investor will be kept abreast of the property performance, including maintenance, anticipated market price movements, and confirmation of mortgage and tax payments.
• Can an investor rent out “their” portion of my home?
  The investor does not have the right to claim occupancy of any part of the home. You as the home buyer have complete and exclusive occupancy of the home.
• Do I need to live differently after securing a co-investor?
  No, you should continue to do those things that you are probably already doing as a responsible home owner, such as:
  • Keep the home as your primary residence
  • Keep the home in good repair
  • Keep your mortgage payments and property taxes current
  • Keep insurance in place
  • Keep PRIMARQ informed if you plan to sell the home or move
• If I already have a PRIMARQ investor, can I access more of my home equity to undertake home improvement projects?
  Yes, but there are restrictions. If the project is going to be funded by a loan using the house as security, then the investor will need to approve the terms of the loan and the project itself. In the case of any major improvements, co-investors want to ensure the proposed project increases the value of the home and that they are going to see a higher return on their investment upon sale of the property. If the proposed project will significantly increase the value of the home, the investor may even agree to contribute to the cost of the project (at their discretion), which would reduce the amount of the loan you would need. Smaller improvements such as painting, carpeting, and other normal wear and tear issues will not significantly increase the value of the home, and therefore will not need the investor’s approval, but will not be reimbursable upon sale.
• If I already have a PRIMARQ investor, can I access more of my home equity to fund other important needs such as education or health care expenses? In this case is it better to sell more equity to another PRIMARQ investor or take out a HELOC from a bank?
  If you have additional equity in your home, after the initial PRIMARQ transaction, which you want to access for education or healthcare, you are free to reenter the PRIMARQ market. In this case, you may want to approach the existing investor about increasing his investment, rather than going to market. If you are considering a HELOC, you must receive the approval of the investor, as the new loan will change the total debt on the property, which will have a priority claim upon sale, thereby potentially impacting the value of the investor’s stake. Lastly, as a practice, PRIMARQ investors do anticipate the home owner will continue to have at least a 30% equity interest in the home, so selling down beyond this level, would not be well received in the market.

• Is my information protected? Is the PRIMARQ site secured?
  Information security is a paramount consideration at PRIMARQ. We take the following measures to make sure that all our customer data is secure:
  • Encryption
    PRIMARQ employs some of the strongest methods of encryption commercially available today. All online activity involving personal or sensitive information is encrypted from the point it leaves your computer until it enters our systems.
  • Customer ID & Password
    When you sign up for online access to PRIMARQ, you create your own personal password. Together with your customer ID, your secret password allows you encrypted, secure access to your account.
  • Timed log-off
    The PRIMARQ exchange automatically logs you off after an extended period of inactivity. This reduces the risk that others could access your information from your unattended computer.
  • Firewalls
    To block unauthorized access, all our computer systems are protected by firewalls, electronic barriers that prevent unauthorized access to our networks.
  • Employee access to your information
    Just as we limit physical access to our work areas, we also restrict access to systems containing customer data and monitor system access continuously.
• Will I know who the investors are?
  Yes. But since their interest is passive, there will be no need for regular communication between you and the investor. Investors will be identified in the closing documents.
• Will the investors know who I am?
  Yes. When an investor makes a financial commitment, they are doing so based on the soundness of the investment. That soundness is based on the house itself and also on you as the party who will pay the mortgage and maintain the property. Just as a mortgage lender will evaluate you as a credit risk, the investor also needs some assurance that you are safe to invest with. If you are unemployed, have a poor FICO score, have a high debt-to-income ratio, etc. they are far less likely to invest with you than if the conditions were otherwise. As a result, the investor will be provided personal information about you just like the banks and mortgage lenders require. However, information that could compromise you in any way (e.g., social security numbers, bank account numbers, etc.) will be hidden from investors. All personal information will be strictly confidential. Investors may only view your information after signing a non-disclosure agreement.
• What kind of background checks do you do on me? How much of that will be shared with investors?
  For the most part, the background checks will be the same as those conducted by a mortgage lender (e.g., FICO scores, public background checks, employment, etc.). The information that is typically available to a mortgage lender (who is assessing how risky it would be to lend money to you) will be made available to prospective investors (who are assessing how risky it would be to co-invest with you). Access to your information will only be allowed under a non-disclosure agreement.

• Is there a minimum amount of time that I need to live in the home before I can sell?
  No. However, the investor may be entitled to a “preferred return” of 4 or 5% if you sell the house within 12 months of the PRIMARQ transaction. There will be significant selling costs that will likely not be offset by any significant appreciation in that short duration. Since you have forced the investor into a situation where they will likely have lost money, due exclusively to your decision, the investor is entitled to this provision.
• Do investors have a say in when, or to whom, I sell my home?
  The investor may not object to a sale based on the buyer’s race, religion, age, sex, etc. However, the investor may voice a concern and oppose a sale to, for example, a family member at a below market price. As long as the investor’s investment is not threatened or being undermined, they will have no say.
• Does my investor need to agree to the final sale price?
  Yes. In order to protect investors from unscrupulous home owners who could sell the house for well under market value and receive a “kickback,” the investor must approve the final sale price. At the same time, their approval cannot be unreasonably withheld. In order to protect you, the investor must produce appraisals, at their cost, that demonstrate the below-market-price. Furthermore, to protect both you and the investor, the investors have the first right of refusal so that they can purchase the property at the final sale price themselves if they so choose.
• How is the final sale price divided between my investor(s) and me?
  If a house is sold, any remaining mortgages are paid off, and then you and the investor(s) remove your respective capital contributions (down payment, capital improvements, etc.). The remaining equity is distributed to each party in proportion to the previously agreed split.
• Does my investor(s) pay my Realtor’s commission, or do I?
  The commission is removed as a selling expense prior to the division of equity. In essence, both you and the investor pay for the commission in proportion to your equity ownership.

• Should we have our transaction reviewed by an attorney or tax professional?
  Yes. Tax laws that pertain to equity sharing apply nationwide, but it is still important to review your transaction with your tax professional. Your attorney should also put their stamp of approval on your agreement because laws differ across the country and around the world.
• Does the IRS allow mixed tax treatment for one property?
  Yes, the mixed tax treatment in the PRIMARQ equity share is permitted by the IRS. Internal revenue code §280a allows the occupier to claim interest in the property as their primary residence while the investor claims it as an investment property.
• What is the tax treatment of the cash you receive under a PRIMARQ Agreement?
  PRIMARQ does not give tax advice and every home buyer is encouraged to speak to their tax advisor for a full explanation of the tax treatment of a PRIMARQ Agreement. It is PRIMARQ’s objective to have these equity sharing transactions be treated within the guidelines of investment property and its respective tax treatment.

• Does PRIMARQ represent the investor or the home buyer?
  Neither. PRIMARQ is an objective, transparent marketplace whereby investors and home owners can work together to achieve their individual goals. PRIMARQ does not make recommendations, advocate for either side, nor serve as an arbitrator in disputes.

• How can I decide if working with a PRIMARQ investor makes sense for me?
  PRIMARQ is an objective and transparent marketplace. We believe it is our obligation to educate you on how the process works and the potential advantages and disadvantages so you can make an informed decision about what is best for your situation. To further your education, we recommend the following actions:
  • Read the available materials on the website to learn more about PRIMARQ, how it works, its advantages and disadvantages for you. And when the exchange opens:
  • Participate in a webinar and ask any questions that you may have;
  • Get a username by joining as a prospective buyer and then participate in the online forums to discuss your questions and concerns, and hear the experiences of others like yourself;
  • Find real estate agents and/or lenders that have been PRIMARQ certified and ask them about how they can help you accomplish your objectives with PRIMARQ.
• Do I ever speak with or meet with my investor(s)?
  Since the investor is passive, ideally there will be no need for you and the investor to meet. The structure of the relationship and the appropriate rights and actions are designed to minimize the need for communication. However, if you desire a conversation or meeting with the investor, it can likely be arranged.
• Can I buy out my investor(s)? How?
  Yes, you can buy out an investor in a way similar to that in which a public company buys back its shares. If the investor seeks to sell their interest in your home to another investor on PRIMARQ’s secondary market, you will be notified and have the right of first offer to buy out your investor.
  You may also buy them out whenever you like, but it will be at a market established price. Though you are the home owner, the investor is not obligated to sell their interest to you at a discount.
  You may also buy them out whenever you like, but it will be at a market-established or mutually negotiated price. Though you are the home owner, the investor is not obligated to sell their interest to you at a discount.
• How long does an investor have a stake in my home?
  Think of the investor as a stockholder in your home. Just like companies sell stock to raise capital to help the company’s operations, you have sold an interest in your house to raise capital for your personal objectives.
  Unless the house is sold or the investor bought out, the stake goes on indefinitely. There is no debt for you to repay so the investor’s interest is uninterrupted until they are bought out. If the investor should sell their interest, the stake is transferred to a different PRIMARQ investor. The stake will still remain until you buy out the investor or until the home is sold.
  At times there will be a redemption requirement, i.e., a date whereby the investor is seeking to liquidate his investment.
• Can the investor(s) buy me out of my home?
  Yes. There are two possible situations in which this could occur:
  Voluntary buyout - it is unlikely that the investor will want to purchase the house outright because the investor would become a landlord of a rental property, not a passive investor of an owner-occupied home. In the unlikely event that the investor wished to purchase the home for their own primary residence, arrangements could be made between you and the investor as with any private party.
  Compulsory buyout - As long as you maintain the property, pay the mortgage, etc. there will be no threat to your mutual investment and no need and no ability for the investor to take action to buy the property. If, however, your negligence (e.g., you default on the mortgage) threatens the value of the investment, the investor may step in to cover your obligation to keep the house from going into foreclosure or being threatened by legal action. Even then, they do not “buy you out,” but act to protect their (and your) investment from external threats. In the rare case of extreme negligence, such as you abandoning the property and the investor covering your expenses, your equity level will decrease in favor of the investor until your ownership will be nonexistent and the investor will own the property outright. In the event of a default, instead of covering your expenses, the investor may instead exercise an option to buy out your interest at a discounted rate.
  Note: Even in the event of a default, you will have time to make remedy so that you don’t have to lose your interest in the home.
• Can the investor ever make me sell my home or take over control of my home?
  Only under limited circumstances as clearly specified in your PRIMARQ Agreement. Examples of such circumstances include:
  • Home owner fails to maintain the home as their primary residence
  • Home owner fails to keep the home in good condition, subject to ordinary wear and tear.
  • Home owner does not promptly pay taxes, insurance and any mortgage loan.
  • Home owner does not maintain proper insurance coverage.
  • Home owner exceeds the agreed upon limit on the total principal amount of any loans that may be secured by the home.
  However, in all such cases you will have the right and opportunity before the investor takes any action, to remedy the situation.
• What kind of background checks do you do on investors?
  The investor background check will not be as exhaustive as it will be with you because the investor is making a one-time investment. They must declare their accredited investor status. Once their money is invested, you and PRIMARQ don’t need any confidence in their ability to pay an ongoing mortgage. We don’t need their credit score, their employment history, etc. So we only need to confirm their identity and be assured that they can indeed fulfill their one-time financial obligation to you.
• What happens if my home declines in value?
  The investor shares in the value whether it increases or decreases. If your home value declines, the value of the investor’s interest declines as well.
• How do I improve my chances of securing an investor with the minimum possible equity being shared?
  Put simply, think like an investor. There are two things that will make you attractive to an investor: (1) owning a well cared for property with a high appreciation potential (for a growth interested investor) or one with excellent stability in volatile times, and (2) make sure you are a solid investment risk with an excellent credit history and a low debt-to-income (DTI) ratio, as you will be responsible for servicing the mortgage.
• Do investors have a say in which upgrades or improvements I make to my home?
  To some degree, yes. If you want to recarpet, repaint the walls or make other cosmetic changes, the investor won’t have a need to know because it has little impact on the value of house and you won’t expect to be reimbursed for the expense. If, however, you want to make a significant capital improvement (e.g., add a room or a swimming pool) that increases the value of the property and for which you expect to be compensated (i.e., reimbursement or larger equity stake) you will need the approval of the investor. The approval is not so much for the improvement itself, since if it increases the value of the property, the investor will be supportive. The approval is needed to grant you the reimbursement of the property proceeds or a larger equity stake for your capital contribution. An investor might be reluctant to approve a capital improvement project for the following reasons:
  • Do It Yourself - You want to do the work yourself, though you are not a licensed contractor and you don’t have permits. This could compromise the property’s value and be bad for both you and the investor.
  • Over-Improvement - You want to add a fourth bedroom, but all the other houses in the neighborhood are two bedroom homes. That is, you are adding to an already overbuilt house. Situations like this add only marginal value to the house, so the investor may not disapprove of the investment, but may balk at giving you a credit equal to your investment when the increased valuation to the house is only a fraction of your capital improvement cost.
  Because of the concern with over-improvements, you may be credited for home improvements up to the lesser of (1) the estimated cost to which the investor agrees, (2) the actual cost, or (3) the appraised value of the improvements at the time the improvements were made.
  Note: If the improvement increases the value of the property, the investor may even contribute to the cost of the improvement at their discretion.
• If I make home improvements that increase the value of my home, does the investor share in that amount at the end of the PRIMARQ Agreement?
  Potentially. Under the PRIMARQ Agreement, your additional capital contributions will be credited to your capital account and reimbursed upon the sale of the home. Making the improvements will enhance your enjoyment in the property. If the improvements add value beyond the cost of the improvements, all equity holders participated in the increased value.
• What is the ownership ratio between home owners and investors?
  Within PRIMARQ, the ratio of ownership between the home owner and investor is decided through market pricing. As the home owner is solely responsible for the ongoing mortgage payments, taxes, insurance and routine maintenance, he generally will receive a larger amount of equity for the dollars invested as opposed to the investor.
  The pricing mechanism is an auction where investors desirous of investing a specific dollar amount will bid on the percentage ownership of the home that represents that investment. For example, as a home owner is seeking to raise $100,000 as is willing to sell 40% of his equity (the “reserve bid”), investors will begin the bidding at that level, i.e., $100k for 40%. If there is more investor demand, a subsequent investor may bid $100k for 38% and the next may bid $100k for 36%. In the end, the more demand there is for the investment, the less equity need be sold to achieve the target funds raised. What’s the maximum amount of equity that I can sell to investors?
  There is no dollar limit as to the amount of equity, but there is a percentage limit. Home owners must maintain at least a30% interest in the property at all times.
• Will the investor be a co-obligor on the mortgage?
  No. The investor will not be a party to the loan at all.
• Am I required to meet my investor?
  No. Since this is a passive investment, the investor is generally a silent participant and PRIMARQ minimizes the need for direct communication between both parties. However, PRIMARQ can seek to make arrangements if you wish to meet or converse with the investor.
• Do I need to provide my investor with an update on the value of my home?
  In participation with PRIMARQ, the investor will be provided a quarterly update on the property and, because of your important role, on your current job and financial situation. Fees for the report will be borne by the investor.
• If I want to take out a line of credit on my home, does my investor have a say in how much I can take out and what my terms are?
  Yes. The investor made the investment knowing what the existing debt on the property is and the amount of your equity. If the level of debt were to be increased, it would change the initial structure, which could be detrimental to the investor’s position. As such, the investor does have a say in subsequent borrowing against the property. At a minimum, PRIMARQ advises home owners to maintain at least 30% of the equity.
• What can I do with the money?
  There are no restrictions on the use of the money. Uses may include debt repayment, estate planning, charitable giving, securing retirement income, funding a major purchase, paying a child’s education, etc. If you declare that you are seeking the money in order to make capital improvements on the home, the investor will commit capital based on that declaration, so you will be obligated to spend the funds as you have stated.
• If I cannot make my monthly mortgage payment, what happens to me?
  In a typical scenario, you would be in default and at risk of foreclosure by the bank. With a PRIMARQ investor, since their investment is at risk, they have the option (at their discretion) to make the mortgage payments to protect the house from foreclosure. Investors are under no obligation to make the mortgage payments and are not even named on the loan agreement.
  Because your inability to pay the mortgage is causing the investor to pay more to keep the investment intact, this issue will be corrected by reducing your equity interest in the house while the investor’s interest increases. If you discontinue the mortgage for an extended period, your equity interest may be reduced to zero, such that you are no longer considered a home owner at all. Investors cannot be put in the place of covering your mortgage indefinitely. In the event of a default, instead of covering your expenses, the investor may instead exercise an option to buy out your interest at a discounted rate.
  Note: Even in the event of a default, you will have time to make remedy so that you don’t have to lose your interest in the home.
• How does this impact my investor?
  Your default threatens your investor’s investment because if the property goes into foreclosure, the overall value of the investment is reduced and the property can be taken over by the lender. If you do default, the investor has the right, if they choose to exercise it, to service the mortgage, insurance or taxes. In so doing, the investor gains a larger stake in the property while your share will diminish.
• Can I sell additional equity in my home to more investors?
  Conceivably, as your equity grows, you can sell it to more investors. However, there is a limit to how far you can go. Since you are the occupier of the house, investors want you to have enough of an equity interest to continue to have an incentive to keep up the property and improve its valuation. Just as the banks want a low loan-to-value (LTV) ratio to make sure they don’t lose out on their investment, your investors don’t want to be the sole equity holders in the property or you may behave more like a renter than an owner.

• Do I qualify?
  • You must be seeking to purchase a single-family home as your primary residence
  • You must have at least thirty percent of the down payment that your purchase requires
  • You must have a history of financial responsibility and good credit
  • You must be pre-qualified for the loan amount you are seeking
• How much down payment assistance can I get?
  There is no limit since it is up to the investor’s discretion. To begin with, PRIMARQ will consider investment opportunities for buyers who provide at least 30% of the down payment.
• How can I apply?
  Application instructions will be provided when the PRIMARQ exchange opens. For now, you may sign up for the newsletter and alerts so that you will be among the first to be alerted when the exchange is available.
• Do I work with PRIMARQ to buy a home or do I work with a Realtor?
  You should work with a professional realtor in the home buying process. PRIMARQ’s role is to educate all parties and “packaging” the investment opportunity (you and your desired home) in a standardized way so that investors can evaluate what you are trying to accomplish and consider whether or not they should co-invest with you. PRIMARQ manages the investor market and facilitates the selection of the investor and the equity sharing documentation.
• Am I restricted to working with a limited number of real estate brokerages in order to work with investors through PRIMARQ?
  As the PRIMARQ exchange opens, we will be working with select real estate brokerage firms that are familiar with our process. Ultimately, we will be establishing a certification program enabling most agents and brokerage firms to participate in the market.
• Do townhomes, condominiums or cooperatives qualify for a PRIMARQ Agreement?
  At the current time, PRIMARQ is focused on owner occupied single family residences, which may be detached homes, condominiums and townhouses. Cooperatives and mobile homes are not being considered.
• Do multi-family homes qualify for a PRIMARQ Agreement?
  No, at the current time a home must be an owner-occupied, single-family home to qualify for a PRIMARQ Agreement. We do intend to introduce multi-family, commercial and other property types in the coming months.
• Are homes held in a trust eligible for a PRIMARQ Agreement?
  Yes, homes held in revocable or similar trusts are typically eligible for a PRIMARQ Agreement assuming the other investment criteria are met.
• Can I get a PRIMARQ Agreement on my rental property or second home?
  PRIMARQ Agreements are for primary, owner-occupied residences only.

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