|
|
RENT
TO OWN PROGRAM
OVERVIEW
We realize that many families may not currently qualify under
a mortgage lender's underwriting criteria to qualify for a new
mortgage loan. Whether due to unusual medical bills, an unavoidable
bankruptcy, or other one-time credit blemish, your family may
be facing a situation of long term renting without options.
Of course, renting your puts your family's financial and emotional
condition under the control of your landlord who will likely
continue to raise the rent. There is a solution!! If
you fit the criteria below, we may help your family find a long
term home where you can rent until your credit situation is
repaired, then buy the house you are living in!! We'll even
help you rebuild your credit on the way.
OWNING YOUR HOME IS THE KEY TO YOUR FINANCIAL PROSPERITY!
See our web page titled Invest
in Yourself for an analyses of the financial benefits of
owning your own home.
PROGRAM CRITERIA
Although every family's situation is different, the following
general criteria will apply:
1. Steady employment for the past 3 years;
2. Income and current debts allow for your ability to commit
to a long term mortgage payment (many times, the mortgage payment
is not much more than your current rent);
3. Deposit equal to 5% of the house's value. Usually in cash.
Alternatives like making additional monthly payment toward this
equity over time are possible;
4. Timely handling of your bills over the past twelve months;
If you believe your family may be ready to become home owners
and generally fit the above criteria, then please contact
us and let us know your goals and unique needs. |
|
|
