Frequently Asked Questions
- Why should I own a home instead of renting?
A home is an investment. If you have always been a renter, think about that check you write every month. That is money that is gone forever! Tens of thousands of dollars that you will never see again. Its time for your money to start working for you! When you own a home, you can deduct the cost of your mortgage loan interest from you federal income taxes. This saves you a great deal because the interest you pay will make up most of your monthly payment for the first few years of your mortgage. Additionally, you can deduct the property taxes you pay as a homeowner! Finally, as you make improvements to the home, whether it is new lighting fixtures or window treatments, you increase the value of your home, instead of increasing the value of your landlord's property.
- What if I have bad credit?
Don't despair if your credit report is not stellar. We can Help! Sure there are incidents that can't be taken off the report but you can take steps to rebuild or repair your credit score. It's in your best interest to contact us, so we can advise you on your credit and help you to improve your credit situation. The few simple corrections can make a big difference on your credit score and save you thousands in interest payments by lowering your interest rate.
- How much money do I have to come up with for the down payment?
We'll work with your available funds for the down payment. In some instances, we can also make special arrangements for you to make a series of payments until the down payment is paid in full!
- How do I know if I can get a loan?
Your best option is to contact us if you are not yet working with a mortgage professional by calling our office or filling out a Contact Us form. We can initially help you evaluate your loan potential. This is a free service we provide before you start looking for a home. You are under no obligation, this is simply for you benefit.
- What is the Rent-To-Own Program?
The Rent-To-Own program takes you from renting to home ownership by first establishing you in your new home as a "renter". As part of the lease you have the exclusive right to purchase to home at a later date. This is the perfect option for those who have poor credit or lack down payment money. The program affords you the time to repair the issues that have been preventing you from buying a home. Additionally, each month a fixed amount of your rent can be applied toward your down payment on the home!
- Do you offer Owner Financing?
Yes we do! There are many instances where we can finance part of the purchase price for you. We also work with the leading mortgage brokers and lenders in the area, who are experts in financing programs and options that other lenders don't even know exist! We will help you find the best financing option for you!
- What will your service cost me?
Nothing! You will not pay us any fees or commissions at any time! As investors, our reward is finding a buyer for our homes and a satisfaction of helping another proud homeowner!
- I still have questions!
Contact us with your questions and we'll be happy to assist you!