Q: Why are you offering this program?
A: Here at The Home Solvers, we want
to see how many homeowners we can create in the next
few years. Our goal for 2007 is to put 30 renters on
the path to home ownership. Perhaps you will be one
of our chosen few.
We're not non-profit however; we do this for a living, so we need to make some money to support ourselves as well. The nice part is you don't have to pay any commissions for us to help you.
Q: I don't know anything about Credit Repair. What do I do?
A: We will give you information to help you repair your credit. We also try to put our future homeowners in touch with a mortgage broker who can also help you out along the way. You won't go it alone but you do need to be proactive in learning how to fix your credit. You can also call us anytime to ask us questions.
Q: How many homes do you currently have available?
A: The number of available homes fluctuates as we put future homeowners into available units and new homes become available. I can tell you that they don't last long. Give us a call and we'll let you know what's in our inventory and if we don't have anything you like, then we can put you on our email list so you'll know as soon as a new one becomes available.
Q: My credit is REALLY bad. Can I still qualify?
A: Absolutely! Many of the people that use this program have had some credit problems in the past but are now ready to change their life and what's a better way than by owning your own home?
Q: How much of a down payment do you require?
A: It varies with each available
home. The more you have to put down, the more selective
you can be in choosing your home. It is generally much
lower and easier to qualify than conventional financing.
Q: I may be a little short for my down payment, can you help me out?
A: We have a lot of competition for the homes as they become available. So if you don't have any money for a down payment, someone else that does may beat you to the opportunity while you are trying to get the money together.
Here are a couple ways to get the down payment:
- Credit Cards
- Take another part time job
until you raise enough money
These are just a few of the ways that you can raise the money for the down payment. Get creative and you will find even more ways to get the money.
Q: I'm excited about building equity in the home before I even buy it. What are the best ways to add value to my soon-to-be home?
A: There are many ways to do this. Here are a few of the most effective ways:
- Keep the lawn well maintained.
- Fresh Paint
- New Carpet
- Window Shutters
- A new mailbox
- A picket fence
- Clean up any trash laying around
- Add storage space such as a shed
- Newer appliances
There are many other ways available. Just ask us and we'll be happy to give you ideas.
Q: Am I allowed to have pets?
A: Yes! There are very few circumstances that disallow pets. We want you to get in the mindset of a homeowner. So that means we allow you to have pets and to decorate your homes as you please.
There is a list of dogs that are not allowed in these properties. Many insurance companies have stopped providing insurance with properties with certain dogs so we can't allow them either. We wouldn't want you to be in the position to buy your home and then it burns down and there is no insurance in place to rebuild it.
Q: Do you have lenders in place that can help me get the loan?
A: We will refer you to certain lenders or mortgage brokers who can analyze your situation and help you get the best possible loan for you.
Q: What happens if I still can't buy the house after the period ends?
A: Well we try to put people who are going to be proactive and do what's necessary to be able to purchase the home but if you for some reason aren't able to, we will try to work with you to extend the lease or perhaps throw in some of the financing. There is a possibility though that you will have to move out and go back to renting.
We want to keep our homes filled with people who are going to buy the home, not with people who are just going to continue to rent.
Q: What if at the end of the rent period I decide I don't want the house?
A: Well you have the option to buy it or not to buy it at the end of the rental term. If you choose not to, you generally will loose the down payment and rent credits. There are many people that want to get into these homes so they can eventually buy it and with you just renting for a bit then deciding you don't want it, you have taken away someone else's opportunity and that's why we make the down payment non refundable. We want people who are serious about changing their life in these homes!