Sentences with phrase «lack of down payment money»

Lack of down payment money is the biggest problem for most people wanting to buy a house.

Lack of down payment money is one of the biggest reasons many people think they can not buy a house.

For some, bad credit has been the problem, but for most, a lack of down payment money is usually the issue.

Minneapolis, MN: Lack of down payment money is the biggest hurdle for most first time home buyers.

Not exact matches

No matter what, you'll definitely need to be able to cover a reasonable down payment + fees + closing costs, which is why a lack of liquid cash on hand is by far the most common reason people get denied on Hard Money Financing.

Most home renters would love to be home owners but choose to rent because of lack of money available for a down payment, unfavorable credit or simply are not making enough money to carry a mortgage.

The biggest risk would be investing in real estate without knowing the risks, or just plain lack of experience.By investing through our program you are investing in experts who have done all of the research on the investment for you.We have mitigated every possible risk and through our program they are narrowed down to just a few: firstly, if the tenants walks away from the property.This is highly unlikely, since the tenant would also be walking away from their down payment as well a large sum of money they would have saved in a mandatory trust through the monthly lease option payments.Furthermore, if they do actually walk away, we have ensured that the property is in a sought - after neighbourhood and city, in which case we will find another lease to own tenant and take another down payment.Secondly, if the tenant is not able to qualify for a mortgage at the end of the lease term, we may extend the term until they qualify, or in a worst case, ask them to leave and find a new tenant.