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BUYER BENEFITS & QUALIFICATIONS

BUYER BENEFITS

1. PURCHASE A HOME WITH NO MONEY DOWN!

This down payment assistance program helps a home buyer who lacks the down payment, purchase a home that they will not be able to purchase on their own. In many cases, Resident Co-owners have purchased a larger home than they expected and still had monthly payments well within their budget. Investors may also help the Resident Co-owner with loan payments, maintenance expenses and taxes (negotiable between the parties).

2. PARTICIPATE IN FUTURE APPRECIATION OF THE PROPERTY!

As a Resident Co-owner (RECO) you are entitled to participate in all future appreciation of the property (Renters have no participation in any appreciation of property).

3. COMPLETE MANAGEMENT OF YOUR HOME!

Since you are a Co-owner you will have complete management rights of your home.

4. YOU CANNOT BE EVICTED!

As a Co-owner you have the protection of a long term contract and you cannot be evicted without cause.

5. ENJOY LOAN INTEREST WRITE OFF!

You are entitled to a 100% write off of the loan interest you pay (Renters have no such benefits).

6. PAYMENTS CANNOT BE RAISED!

Because you have a long term contract which specifies the monthly payments up front your monthly payments cannot be raised. The only exception is if you agree to a variable rate loan. However, this cannot be done without your complete understanding and approval beforehand.

7. RESIDE IN A HIGHER PRICED PROPERTY THAN PURCHASING ON YOUR OWN!

Depending on how much equity the seller / Investor is willing to leave in for your benefit, it is entirely possible for you to move into a home with a much higher value than you could purchase on your own.

8. OPTION TO BUY OUT THE INVESTOR CO-OWNER!

Upon the term of the agreement, you will be entitled to a percentage of the profit from the sale of the property. It is entirely possible to acquire savings from loan interest deductions, a percentage of the reduction of the loan, your percentage of the appreciation over the term of the agreement, and personal savings to either buy out the Investor Co-owner or purchase another home.

9. CREATE A STABILE FAMILY ENVIRONMENT!

Because you have a long term agreement, you can offer your family a stabile environment. Children can go to the same school and maintain the same friends. With your option to purchase the property at the end of the agreement the stability factor only gets better (You cannot bet on this happening if you are a renter).

10. ENJOY A SENSE OF ACCOMPLISHMENT!

There are very few things that make an individual more proud than to own their own home. There is a tremendous sense of independence and accomplishment accompanying home ownership. A refuge after a hard days work and stability knowing that no one can force you to move.

To view TESTIMONIALS Click Here

 

BUYER QUALIFICATIONS

1. Steady Employment History

2. Decent to Good Credit History

3. Income to Qualify

4. Satisfactory Income to Debt Ratio Limits

5. Desire to Own Your Home (not a Renter’s mentality.)

 

DOWN PAYMENT ASSISTANCE

Fill out our simple "DOWN PAYMENT ASSISTANCE " request form Click Here

 

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