That two loans are normally required imposes an additional obstacle when
you lack money for a down payment.
To make the matter worse, many potential buyers
lack the money for a down payment.
Not exact matches
This is a common strategy
for first - time buyers in particular, because they often
lack the
money needed
for larger
down payments.
Minneapolis, MN:
Lack of
down payment money is the biggest hurdle
for most first time home buyers.
For some, bad credit has been the problem, but for most, a lack of down payment money is usually the iss
For some, bad credit has been the problem, but
for most, a lack of down payment money is usually the iss
for most, a
lack of
down payment money is usually the issue.
This is a common strategy
for first - time buyers in particular, because they often
lack the
money needed
for larger
down payments.
Lack of
down payment money is the biggest problem
for most people wanting to buy a house.
It also means that they often have a high debt - to - income ratio and
lack the
money for a large
down payment, excluding them from taking out many mortgages.
This is a common strategy
for first - time buyers in particular, because they often
lack the
money needed
for larger
down payments.
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.