Our Rent To Own Program also helps families avoid the inflexible rules set by banks and allows them to become new Home Owners or Refinance their existing home should they be facing Power of Sale or Foreclosure.
We have been so conditioned to believe that there is only one way to obtain financing to buy or refinance our homes.
The media tells you the choice is between a bank or a credit union. Not true!
It is important to realize that traditional lenders are not the enemy, but, when banks start tightening their lending guidelines…as they have in the past few years… they decline many clients who deserve a chance at becoming a home owner.
Banks continue to use the same time tested approach to see who qualifies to become a home owners and who doesn’t. Banks simply plug in your financial numbers, examine your credit bureau and then based on the financial profile they create for you…you are either “Approved” or “Declined”.
This, of course, is a glorious moment for those approved, catastrophic for those declined.
Unfortunately, banks and other lending institutions are not in the business of moving those who are declined to the list of those who are approved.
Fortunately, this is where the Home Owner Soon Rent to Own Program will “Bridge the Gap”.