How to Buy, Rent to Own. No Banks Loans. No Qualifying
How to Buy, Rent to Own. No Banks Loans. No Qualifying
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Home Page > Finance > How to Buy, Rent to Own. No Banks Loans. No Qualifying
How to Buy, Rent to Own. No Banks Loans. No Qualifying
Posted: Jul 30, 2010 |
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Buying Your Home Is Smarter Than Renting..
When you truly understand the long term benefits of making the decision to buy instead of just renting, you’ll agree that buying your next home, Rent-to-Own is the right choice. Yes, it is true that there are up-front costs with buying a home,
Rent-to-Own that you won’t have when you rent only. But when you buy, each and everyone of your payments are going towards one of the best investments you’ll ever make. The main reason is because you will have paid down your remaining balance which will build equity for you–not to mention that your home will most likely appreciate at the same time.
What it Cost to Move In
When you buy, Rent-to-Own, you’ll only need a small down payment, your first month’s rent, and a refundable security deposit to move in. Though your upfront fees will be slightly higher, you will eventually get paid back in full and much, much more as your home appreciates and you build equity.
Equity from Paying Down Your Mortgage & Equity from Appreciation
Equity is the difference in the amount of your home that you own, versus the amount that you still owe. Once you’ve made all your payments, and your home is completely paid off, the value of your home at that time, will be in fact, your equity. A sort of forced savings account that is tied to your home.
While you are paying down your home, your home, may very well be appreciating at the same time. This is when the value of your home is increasing without necessarily paying your home down each month, simply because the market values of homes just like yours, is increasing. So while it may have cost more money to move in the home initially, you actually come out on top in two different ways, over time.
When you just rent, you earn zero equity and zero appreciation, either by making your monthly payments, or by the home’s value increasing due to positive shifts in the market. But your landlord WILL benenfit from your payments, as their mortgage will be paid down (by you), and their home WiILL most likely appreciating over time.
Their net worth will continue to increase each month as YOU pay down THEIR mortgage for them. They will, in essence, be making more and more money each month, and each year, from doing nothing more than collecting a check from YOU. Its not that your landlord is doing anything wrong. Its just that they’ve wisely positioned themselves to earn a passive income over time.
When you buy your home, versus renting, you position yourself to do the same. A smart choice…Eventually, you will have enough equity in your home to turn around and invest that money elsewhere. Maybe even in real estate, so you can build your own wealth and passive income!
How to Deal with Credit
Problems: Foreclosure. Short Sale. Bankruptcy.If you’re like most Americans, you feel its impossible for you to own your own home and that renting is your only option. You may have foreclosed or have done a short sale on your home, or even filed for chapter 7 or 13 bankruptcy.
Renting may appear to be the best move for you to make, at the moment, until a couple of years have passed, and your credit is better. You may feel that its hard enough to rent with bad credit, much less buy. And you may feel that there are simply no sellers that will approve you to buy their home with such a spotty credit record.
That’s simply NOT true…
In fact, there are literally thousands of home owners who would love for you to take over their payments and buy their home right now. And since they are not a banking institution, they’re not gong to put you through the extensive qualification process that a bank would. In fact, you may never even be asked for a credit report. Just that you can show that you can make your payments on time each month and that you are in a better financial position than before.
No banks. No loans. No qualifying…
With the market the way it is, and the fact that there are so many foreclosures happening on a weekly basis, sellers cannot be as picky as they once were. That’s good for you, because it gives you a strong negotiation position, even if you’re credit is weak.
Since documentation beats conversation, all you need to do is show you can pay on time and that you are no longer a financial risk to your future landlord/seller.It really is that simple.You just have to know how to find these great deals and sellers who are motivated (not foreclosing – just motivated) to sell their home to you. If you know how to negotiate, you can get a beautiful home, in a great neighborhood, and for a price you can easily afford.
Fortunately for you, we’ve done all of the work for you. We already have a wide selection of homes for you to choose from, and these sellers have agreed to work with poor credit.No need for negotiating or begging any seller to let you buy their home, Rent-to-Own, and overlook your credit problems. We’ve already done all of the difficult and time consuming negotiation for you.
Credit Repair: How to Fix Your Credit in 37 Days or Less
Its no secret that milliions of Americans have credit problems these days. From foreclosures to short sales, to bankruptcy, and everything in between, more and more people are finding themselves owing more and more money with
no end in sight.Did you know that by exceeding 50% of your credit limit on a credit card can drop your FICO score up to 35%?
Its true…
You could have been paying on time for years, but have your score drop dramatically just because you exceed your credit limit just slightly over 50%. Example: Your credit limit is $1000. You owe $501.
That $1 overage (over the 50% mark) just dropped your credit score up to 35%. The good news is you can reverse this by paying down your balance by a couple of dollars so you’ll be under the 50% threshhold.There are even more tricks and tips you can use to rebuild and repair your credit. And you can do it way faster than you’ve been told. You just have to know exactly what to do and who to listen to.
Yes, there really are simply and VERY effective ways to rebuild your credit WITHOUT having to pay thousands of dollars to a credit repair company or wait months and months to see results. You can literslly repair your credit in 37 days or less anddo it for less than a tank of gas.
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