Unless you have a big BAG of cash to buy a house outright, most people need bank financing up front to buy a house.

 

Let's face it, it's just impossible to save up for it! Unfortunately, 39% of Americans today are unable to qualify for bank financing because of many issues the main ones being proof of income, debt to income ratio and of course our old friend credit!

 

We have homes available now and others becoming available all the time that you can lease with an option to buy with my Rent 2 Own program and you can get into them without any of those issues stopping you, as long as you have a modest deposit and earn enough to qualify for bank financing at some point in the future!

 

Even if you can buy a home but never have because you are frightened by the commitment or whatever, Our Rent 2 Own program can help you get used to it gradually and enable you to try out a home for years before you actually buy, and you can still get the leverage of fixing the price to a value in the past compared with people who are buying in the retail market at the point when you buy!

 

Hey, that gives you equity on the very day of closing! What do you have to loose? Check it out...Traditional Home Purchase Before I describe the Rent 2 Own program, let's look at how a traditional home purchase works so you can understand how a Lease Option, Rent to Own option is different and why it would benefit you.

 

Traditional home purchase requires you to be able to qualify for bank financing on day 1, period!That means you have to already have sufficiently good credit, a reasonable deposit (20% in most cases) and be able to prove you have sufficient income to make your payments.

 

There are loan programs available that allow you to borrow more than 80% of the value of the home, but those have higher interest rates that make your payments even more, thus reducing the likelihood you will qualify, plus they usually require better than average credit.

 

So if you have any of the following problems, you can't continue. Poor credit No big 20% deposit already saved Unable to prove incomeLack of income Our Rent to Own program can help by assisting you with these problems as follows.

 

Poor Credit. If you currently have credit issues, this is not going to stop you from qualifying as long as what ever is wrong can be corrected during the lease period of two years, and most problems are easily solved.

 

I will have our Mortgage Broker go over your credit report and he will make recommendations as to what you need to do during the next two years to get ready for your purchase of the house.

 

If necessary I will recommend a Credit Counselor to help you with this. No Big 20% deposit already savedTo qualify for a Lease Option you only need a modest deposit of around 2 - 5% of the base purchase price of the house to get started.

 

You will have two years to make additional savings towards your purchase and this should be possible because your monthly payments will be less than they would be, even if you could afford bank financing today with a 5% down payment.

 

This makes it easier to get going.Unable to Prove IncomeIf you are unable to currently prove your income because maybe you work in the restaurant industry, this will not be a problem to get started, and your rent payments into the rent escrow account on the house over the two year lease period will then be sufficient proof of your ability to pay on time.So go ahead and look through our website and visit our contact form and submit your information and we will start the BALL ROLLING AND GET YOU IN THAT HOME NOW!