Make sure you ask about our “Flex-Fit” Purchase Program. Our desire is to share this program to help you:
• Gain Time to clear credit issues
• Improve income
• Sell your previous home
• Increase your down payment
And, by applying your payments to the purchase price of your new home, you will effectively go to closing without the fees.
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Now, with recent changes in the mortgage market it can a bit more difficult to obtain the kind of real estate loan you might need than it was a year ago. While it was fairly easy to obtain 100% financing in recent years, many lenders have now returned to the more traditional 80/20 ratio. Credit ratings also need to be higher to obtain many mortgages these days.
If you cannot supply 20% of the cost of property you desire or if your credit rating is not quite high enough to be approved for a loan with a good interest rate, take heart. There are many creative ways to purchase real estate--both residential and commercial. One is to lease with an option to buy.
The tightening of the mortgage market has not only affected buyers. Sellers are also feeling the squeeze as a result. Obviously when buyers can't obtain mortgages, sellers can't move their properties.
The Good News: The current slow down of the real estate market makes sellers more flexible and open to creative financing options. Many might well accept an offer wherein the prospective buyer leases the property for an initial period of time with an option to purchase at a later date.
This supplies the seller with a cash flow to pay the mortgage on the property (instead of the property sitting empty with the seller having to come up with the monthly mortgage payment by other means) until it sells. It also gives the buyer time to save for the down payment and/or improve his or her credit rating to the point of qualifying for a decent mortgage.
We are experienced and equiped with creative options that result in a successful purchase.
Make sure to use our expertise in this challenging market.
Make sure to ask about our "FLEX-FIT Program".
Call me anytime for help, or to have your questions answered. There are no dumb questions! Call 847-414-4040. Or write to me about YOUR particular home buying needs. Fill out this form, and I'll get right back to you.
- NUMBER1EXPERTS™ 
