NMLS # 6395
Financing Kentucky One Home at a Time
3119 Richmond Road
Staten Island, NY 10306
When you are ready, feel free to be in touch. As a first time buyer, and with a decent credit score, I will assist you in setting you in a position where you might just find the perfect place without the issues involved with rent to buy options. As I stated, we would have attorneys and financial advisors involved, as well as mortgage brokers. Your security is key. Properties on Staten Island are in a wide range of prices, in all neighborhoods. I encourage you to explore your options, any pitfalls would be brought to your attention, and you just might surprise yourself and find a place you could afford and love. I wish you the best, and admire your willingness to project and begin planning for your future. We are connected with the best, and talented, experts you will need. We are here to empower YOU. As New Yorkers, the global epicenter of banking, we are obliged to be "in the know", too much info to throw around in a blog. When we meet, we will make sure you learn all you will need to know, Now, you go forward and enjoy your weekend.
Wow - If that's not an eye opener I don't know what is! Great stuff on your blog. I guess my lack of knowledge definitely blinded me from seeing all of the negatives involved in such transactions. My fiance and I have good credit however, we have never applied for a mortgage and are in our late 20's so I am not sure if we would get approved for one. That is the main reason why we are exploring all of our options before we start our search to either buy a home or rent if necessary. In the "renters" eyes, who wouldn't want to have an option to buy? It's ideal if this were a perfect world. But it's not so thanks for the insight and I appreciate your response!
Thanks again and have a wonderful holiday weekend!
Thanks for the useful information! I am not quite ready to buy at this moment - getting married at the end of next year so I will be starting my search in a few months. Just trying to educate myself on what my options are and the best route to take.
I appreciate your feedback - Feel free to send this newbie as many tip as you'd like!
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!
The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.
The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?
This is the Ultimate Caveat Emptor!