Our Home Purchase Solution
offers a creative solution
to the endless cycle of renting a home. After filling out an application we have our team assess your situation with the assistance of a mortgage professional and determine an appropriately priced home. We then introduce you to our Realtor and you begin shopping for the houseof your choice: Number of bedrooms, bathrooms, nice neighborhood, close to schools, etc. The property you will be looking for will fall within the price range outlined in our detailed analysis.
This will be your home, so being part of this process is important and we want you to feel like the home-owner from the start.
We negotiate the price with the seller and arrange all financing, legal contracts, inspections, etc.
When it comes time to inspect the property we want you there with us.
Unlike other more traditional Rent to Own programs, we will show you a process that is unique and enables you to build equity in your home. Our qualification process utilizes a strategy that is more stringent than most to provide greater assurance that you are mitigating the risk of forfeiting.
What will it cost me? Our monthly payments are comparable to a mortgage of around 6% and flexible amortization terms, along with the property tax, insurance and utilities
Do I live in the home today? YES, you get to live in this home today instead of waiting a few years. And during this time we will be guiding you to improve any credit blemishes to accomplish the successful completion of the program.
Is an initial deposit required? A deposit of no less than 3% or greater of the homes purchase price is required and if life’s circumstance limits your ability to provide a deposit today… Ask about alternative options by requesting a free consultation with us.
Some scenarios that are suitable for our program;
New to the Country
Lack of down payment
Time to repair your credit or investigate the best financing.
Our program typically offers anywhere from twelve months and upwards to sixty months (1 to 5 years). Each client is treated individually with their own unique circumstances. Considerations must be given to the amount of time required to build credit so that lenders will look more favorably at your mortgage application, along with the time frame required to build an acceptable amount towards the down payment. However at any given time during our program you have the option to pursue the purchase of the home and we will help guide you.
What happens as the term is coming to an end? As we get closer to the end of the program we will contact you to make sure everything is in order and you are ready to exercise your option to purchase.
When that date arrives…
A mortgage agent is available to help you secure financing to ensure you receive the best interest rate available. We are with you every step of the way.
Did you know that on average, home owners are 26 times wealthier than renters? This sounds ridiculous doesn’t it? But it’s true! Just imagine if you owned a $150,000 house with 5% down ($7,500) and house values increased by just 3%. In one year you would have paid down your mortgage by at least $1,731 and your home would have increased in value by $4,500. This would increase your family’s wealth by $6,231 (or 83.1%) in just one year. Compare this with the $0 you would get as a renter. It’s easy to see why owning your home is the easiest way to build a better future for you and your family.