Are you currently renting? Do you wish that you could take advantage of the low home prices and get started on home ownership? You may be closer than you think. Even if you have had previous bad credit, including bankruptcy and forecloser, you may still be able to take advantage of the present market conditions. How? RENT TO OWN
! The rent to own (or lease option) may be a very viable option for you right now. You may not be able to qualify right away for a mortgage
, but with a little help on credit issues by a professional
, you could be within 6 months away from owning your own home. In the meantime, why not get locked into today's price on your new home? The process is very simple. Here are a few steps.
- Locate a property that has a lease option (rent to own) - a real estate professional can help you locate properties in your area that meet this criteria. Talk with your Realtor about what your needs, wants, and wishes are. They can sort thru the data on the Mulitple Listing Service (MLS) and find the perfect home for you and your family.
- Talk with a mortgage professional that will help you determine what you need to do to qualify for a mortgage and when. They can pull a tri-merge credit report that will give you your credit scores and credit history, and help you determine what needs to be done in order for you to qualify for your new home mortgage. The cost of a credit report is typically $25-50 for a joint, tri-merge (all 3 bureaus) credit report. You can also utilize one of the "free" credit reporting sites available, although you typically have to sign up for a membership in order to view your credit report and scores.
- Hire a professional credit repair company to assist you in cleaning up your credit. Most people do not have the time to fix all the issues on their credit report. Be careful that you find a credit repair company that offers a money back guarantee. Just because you hire a professional to help with the repair does not mean that you do not have to do anything. You still will need to be communicating with the credit repair company, and get them the repsonses from the credit bureaus once the repair process has started.
For help with any and all of these steps, contact Bryon Self at the Liberty Rent to Own Program by going online to www.LibertyRentToOwn.com or emailing LibertyRentToOwn@gmail.com . You can also call 720.432.4RENT (4736) for more information.