How Can a Lease Purchase Help Me?
With lending guidelines tightening up, and a large number of houses on the market, it is going to take longer and longer to sell your house. Our program which is a great alternative to get cash flow coming in while the occupants are preparing for finance!
1)Problems sellers face:
•Too many houses to compete with
•Not enough buyers
•Have to keep dropping sales price
•Not much equity
2)Problems buyers face
•Lending Guidelines tightening up
•Old or incorrect items on credit report
•Not enough trade lines
3)How we solve it
•We have a fairly small number of houses to choose from, often less than 20
•We have a large number of people that can’t quite qualify for financing.
•The price is set. No need to keep dropping your price!
•We have credit improvement in place through a Credit Repair Company.
•We are affiliated with Banks and Mortgage Companies to help establish trade lines.
•You pay us nothing! No commission!
** Most people have credit scores between 560 and 620, but the lenders require a 620 or higher, which means you aren’t marketing to most people! One incorrect item can keep someone from buying your home!
Most issues that people have items on their report that they didn’t know about or thought had been corrected. This is where a Credit Repair Company helps.
Many people today don’t use credit due to the high rates and business practices of the credit card companies.
Many of the people that come to us for our program were turned down at the last minute for financing on a house, and need to address a couple of items, but they want to keep the kids in the school district and are serious about buying as soon as possible. This is NOT a rental situation as they are simply making the payments directly to you while preparing for permanent financing on your home.
Here’s how it works:
The tenant/buyers are paying you rather than the bank, so the payments go directly to you. It can even be set up electronically from their bank to yours.
A Credit Repair Company assists with credit issues that the lenders wanted addressed and help them establish a good credit score rating.
While working on the financing, they are responsible for the repairs, and we help get a home warranty through a reputable Home Warranty company.
As soon as the items are resolved, they finance with a Mortgage Company and you pay no commission. You never pay us! You keep you equity and your cash flow each month!
Multiple companies working together to expedite the purchasing process. If this is of interest to you, Simply fill-out our