Entries Tagged 'Rent To Own (Lease Option' ↓
December 12th, 2008 — Rent To Own (Lease Option
Helping Your Kids Achieve Their Dreams With Good Credit
June 12th, 2008 — Rent To Own (Lease Option
My kids are young, but I’m already thinking about how I can help them get a head start on planning for their future.
Teaching your child to build good credit may be one of the best gifts you can give him or her. There are some things you can start teaching your child at a young age that will impact when and how he buys anything with credit including a house and a car.
Here are a few tips on what many kids (and adults) should know about credit:
•It takes more than paying your bills on time. Surprisingly, paying your bills on time makes up on 35 percent of your FICO credit scores, which are what lenders look at to determine credit worthiness. It’s important to teach your kids how the credit scoring system works.
Making mistakes can lead to long-term consequences, with negative activity staying on credit reports for seven to 10 years.
•Begin establishing credit worthiness at a young age. How long we’ve had credit makes up 15 percent of our credit scores. Consider getting your child a credit card as soon as they are eligible. Make sure you choose a major credit card that reports to all three credit reporting agencies (Equifax, TransUnion, Experian). List yourself as the primary user on the account but add your child as the co-borrower. But you don’t want to let your child use the cards. You use them and pay on time and build good credit for your child. Once each of your children has used their good FICO scores to establish their own good credit, you should be able to remove their names from the accounts at times where it won’t lower their scores dramatically. A good time for this might be after they purchase their first homes.Here’s what to ask your lenders:
•Do you report credit limits and timely payments to all the credit reporting agencies?
•Can I add my son or daughter as a secondary cardholder for this account?
•Do you review the secondary cardholder’s credit to make a decision?
•Will you report the account information for the secondary cardholder to all three credit reporting agencies?
•Is it possible to make the secondary cardholder solely responsible for the account when they turn 18?Asking these questions should get you closer to screening appropriate lenders to accomplish your goal.
Once you decide that your children are ready to go out on their own into the world of credit as primary cardholders, monitor their credit habits for awhile. You may want to subscribe to a credit report monitoring service. If you see something you’re concerned about, talk about it with your child. This allows for a healthy dialogue about credit, using real-life examples in a real environment.
Remember to visit www.kalamazooworkplace.com, request that your company get signed up and check the vendor list often.
Rent To Own (Lease Option)
October 29th, 2007 — Rent To Own (Lease Option
I am starting to work with many buyers and sellers that are starting to use the Rent To Own Program. This program is great because its a win / win for both the seller and the buyer. Here is a little info on the program and how it works
Rent to Own Option:
A ‘Rent To Own’ program, also known as ‘Lease Option Purchase’
Gives you the necessary time to clear up any potential credit issues, while you already live in the property of your dreams. You will make a small down-payment and start to accrue additional money while renting. After having cured your credit, you may exercise the option anytime between month 12 and 36. You apply for a mortgage with an lending institution of your choice, and, after a regular closing with a reputable title company, you transfer the property into your name.
Stop renting now, and realize the American dream by moving into your own 4 walls!
Our Rent-To-Own Program Benefits Include:
- Imperfect credit accepted!
- No waiting periods, move in right away! Live in your dream home while you repair your credit
- Our ‘No Obligation’- confidential service is completely FREE for you!
- Smaller down payments than banks and conventional lenders!
- Receive monthly rent credits and build up funds toward the purchase price!
Click Here To Fill Out A Short Application
Simple and easy Qualification!
In case you have applied for conventional mortgages before and were turned down, do not give up! Even if you have bad credit or had issues such as bankruptcies or foreclosures in the past, we will allow you to move into one of our houses, as long as we get convinced that:
- you can afford the monthly payments
- your financial situation and your credit is stabilizing
- your commitment to pay on time is strong
Found a property you like and want to make the first step?
The first step in getting yourself qualified for our Lease Option Program is to complete a 2 page application form that provides us with information about yourself and your financials. We also will need your permission to run a credit check!
We can assure you that all the data your provide to us remains confidential. Our properties tend to move very quickly and the vast majority of people contacting us provide us with their information.
Please Clink on the link below and fill in the form, One of our representatives will then contact you shortly.
Rent To Own (Lease Option)
October 19th, 2007 — Rent To Own (Lease Option
Being told no isn’t an option with me. If I can’t get you into a home right now then we need to set down, put a time line together for when we can get you into a home. A Rent to own program might be a great way to gain back home ownership and take control of your life.