ATX Rent To Own is an ALLRentToOwn.com Local Specialist

Is Your Credit Score Costing You A Fortune? - Credit Improvement and Repair Series

2008-08-05T09:47:08Z

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Is Your Credit Score Costing You A Fortune?

-by Terry Price

(C) Copyright Terry Price All Rights Reserved

CreditSecretsBible.org
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While some surveys show that 9 out of 10 consumers are unaware what their credit score is, I'd like to quickly share with you how your credit score could be costing you a fortune (in more ways than you can imagine).

We all know a low credit score will make everything in the world of finance more expensive because of higher interests rates from lenders due to being considered a greater credit risk (i.e. higher interest rates on cars, homes and credit cards). While this may be considered common knowledge by some, it's truly devastating effects are understood by few.

For example. If you purchase a $200,000 home on a 30 year fixed mortgage at 8% interest instead of 6% (because of your credit score); that 2% is going to end up costing you a total of $96,934.11 over the term of the loan. Now, think about how many extra years you'll have to work to pay off $96,934.11 because of an extra 2% in interest?

The part few people talk about is all the other areas in life where a low score will increase your cost of living on an annual basis. For example. In addition to paying more for a car, home and credit cards, a low credit score will most likely have you paying more for the following as well:

1.) AUTO INSURANCE. As many as 92% of the 100 largest personal automobile insurers use credit information to underwrite new business, according to a 2001 study by Conning & Co., an insurance-research and asset-management firm.

2.) HOMEOWNERS INSURANCE. It's thought many insurance companies see a correlation between low credit scores and increased property insurance claims. Therefore, a low score will result in a higher rates.

3.) LIFE and HEALTH INSURANCE. Customers who are unable to pay their monthly insurance premium thereby pass along that increased cost to the insurance company whose stuck with the bill (resulting in a loss for the company). Since customers who pay without lapse are more profitable it is felt by many that a low credit score now even affects a monthly life and/or health insurance premium negatively.

One of the more shocking areas where a low credit score will you cost you is in the area of employment. It's estimated as many as 42% of employers now do credit checks on applicants before hiring them (according to a 1998 survey by the Society for Human Resource Management).

While many employers claim they only do it to verify information on your application (such as where you live and where you have worked etc.) we can both assume they are taking the liberty
to have a peek at how you handle your financial affairs as well. According to the Public Research Interest Group (PIRG) as many as 79% all credit reports contain errors, 25% of which are serious enough to cause the denial of credit (according to a 2004 report).

And that's all the more troubling in light of the increasing impact a bad credit report can have, says Ed Mierzwinski, director of PIRG's consumer program. "It's outrageous that the credit bureaus are claiming their scores are accurate enough to take people's lives and screw with them like this".

In the next segment we'll be talking about something very, very exciting.

It's called...

"Insider Techniques to Raise Your Credit Score... FAST!"

See you in a couple days...

Jay

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The "CREDIT SECRETS BIBLE" has been in print since 1994 and is published by Consumer Publishing Group. For more information on the "CREDIT SECRETS BIBLE" you may visit:

CreditSecretsBible.org
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Credit Improvement and Repair Series - The TRUTH About Credit Repair

2008-07-28T11:06:25Z

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The TRUTH About Credit Repair... -by Terry Price (C) Copyright Terry Price All Rights Reserved CreditSecretsBible.org =======================================

Have you ever wondered what companies send you when they claim you can erase bad credit overnight? How about those ads that say you can get any major credit card without a deposit or a credit check?

Ads abound almost everywhere these days (online and off) selling books, systems and secrets to help you fix your credit. Many of these programs have claims which read like the covers of supermarket tabloids:

"In 3hrs my credit score jumped from 580 to 676!"...

"Erase bad credit and smash your debts with just 2 Magic Letters!".

Are these types of claims ALWAYS too good to be true? The answer is "Yes and... no".

While many people would love for you to believe the only thing that can fix bad credit is time; in reality... nothing could be further from the truth. The fact is, time is only one factor which can fix a credit report, but it's a far cry from being the only factor. How can I back this up? Easy.

Under a consumer protection law known as the Fair Credit Reporting Act (a.k.a. the FCRA) the only negative information which can remain on your credit report is not what is accurate... but what can be proved as accurate under the FCRA. What's this mean to you?

It means any negative item on your credit report can only remain there if it is accurate and CAN BE PROVED AS SUCH under the guidelines of the FCRA. This undisputable fact presents consumers with both good news and bad news.

The good news is that through the FCRA your credit score can most likely be improved dramatically in a very short period of time with only a modest amount of effort on your part.

The bad news is that while the actual "work" will take very little of your time, it is vital that you have good information on "how" to go about it. This is the bad news; 9 out of 10 courses on restoring your credit will do nothing more than lead you into snake pits because they will provide you with what the industry refers to as "Boiler Plate" dispute letters. These are nothing more than form letters and... quite frankly (more bad news) the Credit Bureaus and Creditors will laugh at you if you try to use them.

While I agree with the Federal Trade Commission (FTC) that "Anything a Credit Repair Clinic can do for you legally, you can do for yourself at little or not cost"... the key element you need for success is the latest inside techniques and procedures to get the results you want. This involves strategies such as "Proof of Contract", "Constructive Notice", "Challenge of Procedure" or "Restrictive Endorsement" and many others.

All these terms may "sound" impressive but they are really quite simple. In the end, it is nothing more than a method of communication which exercises your consumer protection rights, gets the results you want and raises your credit score. Even more impressive, once you learn how simple it can be by doing it for yourself, you will find there is a fortune to be made doing it for others! Either way, it all starts by requesting a free copy of your credit report here:

http://www.AnnualCreditReport.com

You may also want to consider using a tri-merged credit monthly monitoring service such as:

www.myFICO.com

In the next segment we'll talk about: "Is Your Credit Score Costing You A Fortune?"

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The "CREDIT SECRETS BIBLE" has been in print since 1994 and is published by Consumer Publishing Group. For more information on the "CREDIT SECRETS BIBLE" you may visit:
CreditSecretsBible.org
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Rehab & Hard Money Loans upto 73% ARV - 100% Acquistion, Repair, & Closings Costs

2008-05-07T23:44:20Z

Rehab Loans and Programs:

Every investor has their niche and we have identified one of the top rehab lending programs in the nation. Our program provides 100% financing up to 73% of as renovated value. No payments for 6 months and unlimited properties. Completely automated system. Sign up, upload your docs, request weekly draws online. 660 middle credit score required.

Sign up today to take your rehab business to the next level.

Rehab Loans and Programs:

No Junk Fees or Monthly Payments - No application, inspection, or construction draw fees are required or hidden like other lenders. Our loan program allows investors to have little to none of their own money tied up in the real estate transaction. We can close your loan very quickly with minimal paperwork.

100% Funding - Acquisition, construction, closing costs
Loans up to 73% LTV (Based on After Repair Value)

Six (6) month loans

No Payments Required

Loan approval in 24-48 hours

Fast closings

No Prepayment Penalties

Full Service Consulting (Services included in the cost of financing)

No limit on the number of properties

Loan approval in 24-48 hours

Offices located in:

Austin, Texas - Coming 09/08

Baltimore, Maryland

Birmingham, Alabama - 09/08

Charleston, South Carolina - Coming Soon

Charlotte, North Carolina

Dallas/Fort Worth, Texas

Elizabeth City/Nags Head, Virginia

Fort Lauderdale, Florida

Greenville/Spartanburg, South Carolina

Houston, Texas - Coming soon

Jacksonville, Florida

Kansas City, Missouri

Philadelphia, Pennsylvania

Pittsburgh, Pennsylvania

Raleigh-Durham, North Carolina

Wilmington, North Carolina

Winston-Salem, North Carolina

HELPFUL REAL ESTATE EBOOKS AND PRODUCTS

2008-03-30T11:55:06Z

HELPFUL REAL ESTATE EBOOKS AND PRODUCTS

Rent To Own eBook - Whether you are a first time home buyer or a real estate investor this book teaches you how to buy any house, in any market in 30 days or less. It provides Help for the First Time Home Buyer showing how to Buy A House Regardless Of Credit. For the investor who wants get started in Rent To Own Real Estate you can learn How To Make $10,625/Month Buying Homes, Rent To Own. Click here!

For Sale By Owner Help. The Secrets To Selling Your Home Yourself In 1-6 Weeks Without An Agent And Saving Thousands In Real Estate Commissions. Click Here!

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Sell Any Home In Any Real Estate Market In 44 Days Or Less. Real Estate Millionaire Reveals His Secrets On Getting Any Home Sold In Any Market In 44 Days Or Less. Easy To Follow Techniques Explained In Detail. Click Here!

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Fearless Real Estate Investing! Number 1 Best Selling Authors T.c. And Vickie Bradley Are Back With The Hottest Real Estate Investing Course Of 2008! Perfect For Todays Upside Down Real Estate Market! Click Here!

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Build A Fortune With Real Estate Foreclosures And Short Sales. Real Estate Foreclosure Short Sale Course Reveals From Beginning To End How To Short Sale A Property. Often Advertised. Rarely Delivered. Click Here!

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Foreclosure Profits Now. Learn how to make profits with foreclosures now with this Foreclosure Real Estate Investing E-book. Click Here!

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ForeclosurePASS.com - Seized Real Estate. Properties At 90% Off Market Value! Click Here!

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The Millionaire Mind. Offers The Keys To Real Wealth Today. Click Here!

The Personal Power Course. Discover How To Use Your Own Subconscious Energies For Health, Prosperity And Personal Achievement! Click Here!

The Power Of Conversational Hypnosis This Is The #1 Hypnosis Course that was Created By A Real World Class Hypnotist. Increase your Real Estate Negotiating Power. Click Here!

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How To Write Your Own EBook(R) In 7 Days! Write And Publish Your Own Outrageously Profitable EBook(R) In As Little 7 Days - Even If You Can't Write Or Type! Click Here!

FUN AND ENTERTAINMENT

Texas Holdem Poker Winning Strategies. Winning Strategies For Texas Holdem Poker. Youll Learn The Secret Tactics Used By Real Life Winners Who Play Holdem And Consistently Win And Make Money At The Game Online, At Home And At The Casino. Randy Charach Interviews. Click Here!

eBook on Rent To Own - Discover How To Make $10,625 Per Month Buying Homes, Rent To Own.

2008-03-27T20:02:31Z

Rent To Own Home Ebook

Rapport Building Secrets
of Rent To Own Real Estate Investors

By Charles W. Moore

In Rent To Own Real Estate, the key is to find a motivated seller. Once we have found the motivated seller and have pre-screened them over the phone, we set an appointment to see the house.

On the day of the appointment, you want to call and confirm the appointment so you don’t waste your time driving to the property and finding out that the seller isn’t there. The only thing you should take into the house is your business card. Leave everything else in the car.

Ask the seller to show you around the house. If they tell you to just look around, ask them to give you the nickel tour. The intent is to view the house with them and build rapport with them.

* People only do Business with people they Like and Trust. You must make this connection before negotiating on their most expensive investment.

Look at their pictures and nick-knacks for ideas to ask them questions to get them to talk to you. Remember, people only do business with people they like and trust. You can only do this by building rapport. Let them answer your questions and then respond to what they told you.

Use F.O.R.M. to build rapport:

F: FROM

O: OCCUPATION

R: RECREATION

M: MESSAGE

F: Q. Where are you guys From? Your Response: “Oh really, I’ve got friends, family from there…” or “I have visited” or “Where is that?”

O: Q. What do you guys do? (Occupation) Your Response: “Wow…..I have always wondered about that.”

R: Q. What do you guys do for Fun or Hobbies? (Recreation)? Your Response: “I do that too”, or “I’ve always wanted to do that.”

M: Q. Where can we sit down and talk?

Once seated, give them your Message, by asking them Four Questions.

* Let them answer your questions completely, do not interrupt them. Again, people only do business with people they Like and Trust! Do you like people who interrupt you?

#1. So that I can better help you, tell me again, why are you selling?

#2. How else have you tried to sell your house?

(What you are doing is reminding them they have a problem).

#3. What do you hope I can do here for you today?

PAUSE: You are thinking on how to help them, let them see your concern and wanting to help them. *Your response is that you might not be able to buy their house today because of a lack of equity.

#4. However, I might be able to help you out of your financial problem by making your monthly payment for a while and cash you out in the future, is that something we should talk about or probably not?

If they want to talk more then explain to them you can do a Long term Lease, where your company will Rent the property for a period of time and in the future you have an Option to purchase the property at a price they agree upon today. The option will be $10 Dollars which will make it a binding contact. You will have the Exclusive Option to Purchase the property in accordance to the terms you agree to. (That is how Rent To Own Real Estate is done) You will cover most of the day-to-day maintenance up to $250 and they will be responsible for any maintenance over $250.

You then tell them you will require a long-term lease of at least 60 months to make it work. You will sublet the property to a Tenant Buyer and they will be the ones to actually purchase the property in the future. However, you will be responsible for making the payment to them and taking care of the day-to-day management. If they agree, you sign a Lease Purchase Contract that you will Lease the property for up to 60 months and you have the Exclusive Option to Purchase. Then set up a Lease Option closing with your Attorney.

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About The Author: Charles W. Moore is a U.S. Army Combat Veteran that began investing in Real Estate in 2001. He has served as the Vice President of the Capitol City Real Estate Investors Club of Columbia, SC and formed his first Real Estate Investment Co. in 2003. He owns several Real Estate Investment Co websites and is now a successful, Full Time Real Estate Investor, Webmaster, Speaker, and Author. For more detailed information on Rent To Own Real Estate go to:
www.RentToOwnHomeEbook.com

Investor Mentorship Program - ATXRentToOwn.com & HomesByOwnerSA.com

2008-03-11T18:52:47Z

Investor Mentorship Info

Would you like to be guided through your first deal or first year of investing by a group of seasoned investors?

Where Do I Start?

The question that circulates through the air which is asked by almost every
person interested in this industry. Where Do I Start? For those that find the
answer to this very question, their lives will never be the same. It is unfortunate
however, that even though some may find the answer to this question, very
few take action.

Our mentoring program is designed to help those get past that first step and
make money doing it. Our objective is to guide you every step of the way to
properly structuring and executing your first deal. No more second guessing
yourself and passing up deals that can make you money. This is your
opportunity to take control of your life and structure deals the ways the pros
do it.

The best way to learn is by taking action. We are not going to send you
reading material and say goodbye. We will be there every step of the way,
from the front end of the deal to the back end of the deal. We might even buy
the deal from you, imagine that, a buyer before the deal is even put together!
So contact us today for more information on our mentoring program and get
started in the business that truly builds wealth.

Click here to be contacted about our mentorship program

In Partnership with:

www.ATXRentToOwn.com

www.ALLRentToOwn.com

www.HomesByRentToOwn.com

www.HomesByOwnerSA.com

www.MyTeamBuysHouses.com

ATX Rent To Own is an ALLRentToOwn.com Local Specialist - General Lending Information (Part 12 of 12) - REFINANCING

2007-12-04T20:41:04Z

REFINANCING

Homeowners choose to refinance for a wide variety of reasons. Some of the most popular ones include:

Obtain a lower interest rate.
Build equity faster.
Change loan type.
Take advantage of an improved credit rating.
Draw on equity already built in the home.

Obtaining a lower mortgage interest rate can lower your monthly payment and is the most common reason that most homeowners refinance. Building equity faster is also a popular reason because owning a home can be one of the safest and most profitable investments you can make.

If you are considering refinancing, be sure that the benefits will outweigh the costs involved in refinancing. If you have questions, please contact us - we'd love to help you make the right choice.

We offer rent to own, lease purchase option, owner financing, & seller financed homes. We have many flexible home ownership programs for those who may need to rent today and own tomorrow. We can assist with all or some of the financing depending on your needs. We help with credit repair, establishing a payment history, & refinancing to the best rate possible when you're ready.

Thanks,

ATX Rent To Own is an ALLRentToOwn.com Local Specialist

http://www.atxrenttoown.com & http://www.allrenttoown.com

ATX Rent To Own is an ALLRentToOwn.com Local Specialist - General Lending Information (Part 11 of 12) - EARLY LOAN PAYOFF

2007-12-04T20:39:47Z

EARLY LOAN PAYOFF

Even with today's low interest rates, the total amount of interest you may pay over the life of your mortgage can seem like an enormous amount. It's one of the reasons many people set a goal to pay down their mortgages early. Here are some reasons to consider it:

Paying your mortgage off may make you completely debt free.
You want to reduce expenses as much as possible so you can put more money into your retirement fund.
You live a country, such as Canada, where you do not receive a tax break because you carry a mortgage.
You pay private mortgage insurance (PMI). If you have less than 20 percent of equity in your home, making extra payments will build more equity sooner, allowing you to cancel your PMI. And eliminating PMI will reduce your monthly payments.

However, for some, paying your mortgage off early can hurt you more than help you. Here are reasons to forego pre-paying your mortgage:

Your mortgage contract includes prepayment penalties.
You have other high-cost debts. Credit card interest rates are often more than twice that of most home mortgages. Any extra cash should go toward paying off the balance of those first.

We'd love to help you find the right loan, contact us today!

Thanks,

ATX Rent To Own is an ALLRentToOwn.com Local Specialist

http://www.atxrenttoown.com & http://www.allrenttoown.com

ATX Rent To Own is an ALLRentToOwn.com Local Specialist - General Lending Information (Part 10 of 12) - DOWN PAYMENT

2007-12-04T20:38:20Z

DOWN PAYMENT

Nearly every home purchase requires a down payment. The amount of the down payment can vary greatly depending on the home, the seller, the mortgage obtained, credit history of the borrower, etc.

There are such things as no down loans that don't require the buyer to come up with the funds, but those loans do include some sort of work around.

Loans and gifts can help with your down payment but you can not use this strategy for all loan programs. The most popular program for this tactic is the Federal Housing Administration or FHA. FHA allows 100% gift funds for your down payment. The gift can be from any relative or can be collected through new innovative programs, like the Bridal Registry where couples receive money into an account that can be used for the down payment.

Another popular tactic, which can be used in a wider range of programs, is to borrow from your 401K program. If you have a 401K program with your employer, you can withdraw without a penalty for your down payment and pay it back over a specified period. There are some drawbacks, the payment will be used in qualifying and your 401K account will not continue to grow as fast. Even with these drawbacks, it is often a smart move if this is your only option.

Many local and state agencies run bond programs to generate funds to help individuals and families with a down payment. Contrary to public thinking, these bond issues are not a type of welfare. The government knows that it can be tough to buy that first home, especially on a limited income.

Most agencies are income sensitive, but you may be surprised by the high level of acceptable income. The income level is especially high if you have children or dependents. Most agencies also have purchase limits, but they are adjusted to the income qualifications level.

If you are able to obtain down payment assistance, you may receive a lower interest rate.

Thanks,

ATX Rent To Own is an ALLRentToOwn.com Local Specialist

http://www.atxrenttoown.com & http://www.allrenttoown.com

ATX Rent To Own is an ALLRentToOwn.com Local Specialist - General Lending Information (Part 9 of 12) - MORTGAGE INSURANCE

2007-12-04T20:36:57Z

MORTGAGE INSURANCE

Mortgage insurance is a policy that protects lenders against some or most of the losses that result from defaults on home mortgages. It's usually required for borrowers making a down payment of less than 20%.

Similarly to auto insurance, mortgage insurance requires payment of a premium, is for protection against loss, and is used in the event of an emergency. If a borrower can't repay an insured mortgage loan as agreed, the lender may foreclose on the property and file a claim with the mortgage insurer for some or most of the total losses.

PMI stands for Private Mortgage Insurance or Insurer. These are privately-owned companies that provide mortgage insurance. They offer both standard and special affordable programs for borrowers. These companies provide guidelines to lenders that detail the types of loans they will insure. Lenders use these guidelines to determine borrower eligibility. PMI's usually have stricter qualifying ratios and larger down payment requirements than the FHA, but their premiums are often lower and they insure loans that exceed the FHA limit.

For more information on mortgage insurance, or if we can answer any questions, please contact us today!

Thanks,

ATX Rent To Own is an ALLRentToOwn.com Local Specialist

http://www.atxrenttoown.com & http://www.allrenttoown.com

ATX Rent To Own is an ALLRentToOwn.com Local Specialist - General Lending Information (Part 8 of 12) - SECOND MORTGAGES

2007-12-04T20:35:19Z

SECOND MORTGAGES

Although a second mortgage places an additional mortgage on your home, second mortgage money usually is loaned in a lump sum. Also, second mortgages usually have fixed interest rates and fixed payment amounts.

Some second mortgage loans may extend for as long as 15 or 20 years; others may require repayment in one year. You will need to discuss the repayment terms with the individual mortgage company and select one that offers terms that best suit your needs.

If you have a fixed rate loan, the interest rate is set for the life of the loan. However, many companies offer variable rate mortgages, also known as adjustable rate mortgages or ARMs. If your loan contract allows the mortgage company to adjust or change the interest rate, be sure you understand when the company has the right to change the interest rate, whether there are any limits on how much the interest or payments can change, and how often the company can change the rate.

Thanks,

ATX Rent To Own is an ALLRentToOwn.com Local Specialist

http://www.atxrenttoown.com & http://www.allrenttoown.com

ATX Rent To Own is an ALLRentToOwn.com Local Specialist - General Lending Information (Part 7 of 12) - HOME EQUITY LINE OF CREDIT

2007-12-04T20:33:34Z

HOME EQUITY LINE OF CREDIT

While similar to a second mortgage or Home Equity Loan, a Home Equity Line of Credit (HELOC) is different. If you need to borrow money, home equity lines may be one useful source of credit. Initially at least, they may provide you with large amounts of cash at relatively low interest rates and they may provide you with certain tax advantages unavailable with other kinds of loans. (Check with your tax advisor for details.)

At the same time, home equity lines of credit require you to use your home as collateral for the loan. This may put your home at risk if you are late or cannot make your monthly payments. If you sell your home, most plans require you to pay off your credit line at that time.

Thanks,

ATX Rent To Own is an ALLRentToOwn.com Local Specialist

http://www.atxrenttoown.com & http://www.allrenttoown.com

ATX Rent To Own is an ALLRentToOwn.com Local Specialist - General Lending Information (Part 6 of 12) - CONSTRUCTION LOANS

2007-12-04T20:32:01Z

CONSTRUCTION LOANS

Construction Loans are different than anything else out there. A lender has to know the story behind the planned construction before they're willing to loan you money. It's not going to be standardized like mortgage loans underwritten to Freddie Mac or Fannie Mae guidelines.

However, there are some common features to a construction loan. Construction loans typically require interest-only payments during construction and become due upon completion. Completion for homeowners means that the house has its certificate of occupancy.

Construction loans are generally variable-rate loans priced as a spread to the prime rate or some other short-term interest rate. The contractor (you) and the lender establish a draw schedule based on stages of construction, and interest is charged on the amount of money disbursed to date.

Another variable in construction loans is how much of the project cost the lender is willing to lend. If you already own the land, it can be considered as equity on the construction loan.

Many homeowners use construction-to-permanent financing programs where the construction loan is converted to a mortgage loan after the certificate of occupancy is issued. The advantage is that you only have to have one application and one closing.

You could also purchase a rate-lock agreement valid through the expected completion of the construction. (If you go this route, you'll want to ensure you allow for construction delays.)

A construction loan, unlike a mortgage, isn't meant to be around for a long time. You may be willing to pay a higher rate on the construction loan if you're doing construction-to-permanent financing and can get better mortgage terms or a longer, better rate lock from your lender.

Thanks,

ATX Rent To Own is an ALLRentToOwn.com Local Specialist

http://www.atxrenttoown.com & http://www.allrenttoown.com

ATX Rent To Own is an ALLRentTo Own.com Local Specialist - General Lending Information (Part 5 of 12) - INTEREST ONLY LOANS

2007-12-04T20:29:38Z

INTEREST ONLY LOANS

Recently, Interest Only Loans have become prevalent in the mortgage industry. An interest only loan means that you pay only the interest on a mortgage in monthly payments for a fix term. After the end of that term, (generally 5-7 years) you begin paying off the principal (which causes your payment to jump dramatically), refinance, or pay the balance in a lump sum. An interest-only mortgage might be a good fit for:

Someone whose income is mostly in the form of infrequent commissions or bonuses.
Someone who expects to earn a lot more in a few years.
Someone who truly will invest the savings on the difference between an interest-only mortgage and an amortizing mortgage, and who is confident that the investments will make money.

Financial advisers don't recommend interest-only mortgages to regular wage earners who take out moderate-size home loans and don't have a strategy for investing the savings.

We'd be happy to help you make the decision on which loan is right for you - please contact us today!

Thanks,

ATX Rent To Own is an ALLRentToOwn.com Local Specialist

http://www.atxrenttoown.com & http://www.allrenttoown.com

ATX Rent To Own is an ALLRentToOwn.com Local Specialist - General Lending Information (Part 4 of 12) - GOVERNMENT LOANS

2007-11-13T10:59:31Z

GOVERNMENT LOANS

While there are several government loans available, the two most common for home buyers are FHA LOANS and VA LOANS.

FHA Loans: HUD insures mortgage loans to help people buy or refinance their current homes with a low down payment. HUD doesn't give you the loan directly. If you're interested in a buying a home and you meet HUD credit qualifications, you may be eligible for a low down payment of 3 percent. On a $50,000 home, that's a down payment of $1,500, compared with $5,000 - $10,000 for most conventional loans. You also can wrap your closing costs and fees into the mortgage.

HUD-insured loans are available in urban and rural areas for single family homes and for 2-unit, 3-unit, and 4-unit properties

To get a HUD-insured loan, you need to apply to a HUD-approved bank, mortgage company, or savings and loan association for your mortgage.

VA LOANS: VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home which must be for their own personal occupancy. The guaranty means the lender is protected against loss if you or a later owner fails to repay the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment allowing you to obtain favorable financing terms.

The Department of Agriculture also offers loans, with specific circumstances.

For more information on ANY of these types of loans, contact us today!

Thanks,

ATX Rent To Own is an ALLRentToOwn.com Local Specialist

http://www.atxrenttoown.com & http://www.allrenttoown.com

ATX Rent To Own is an ALLRentToOwn.com Local Specialist - General Lending Information (Part 3 of 12) - CONVENTIONAL LOANS

2007-11-13T10:42:58Z

CONVENTIONAL LOANS

Conventional loans are loans that are secured by government sponsored entities such as Fannie Mae and Freddie Mac. Conventional loans can be made to purchase or refinance homes with first and second mortgages on single family to four family homes.

There are loan limits for homes under conventional guidelines:

2004 Conventional Loan Limits

First Mortgages

One-family loans: $333,700
Two-family loans: $427,150
Three-family loans: $516,300
Four-family loans: $641,650

* Note: Maximum original loan amounts are 50 percent higher for first mortgages on properties in Alaska, Hawaii, Guam and the U.S. Virgin Islands.

Second Mortgages

$150,350 (in Alaska, Hawaii, and the US Virgin Islands: $225,525)

Loans which are larger than the limits set by Fannie Mae and Freddie Mac are called jumbo loans and often require more underwriting and a higher interest rate.

Thanks,

ATX Rent To Own is an ALLRentToOwn.com Local Specialist

http://www.atxrenttoown.com & http://www.allrenttoown.com

ATX Rent To Own is an ALLRentToOwn.com Local Specialist - General Lending Information (Part 2 of 12) - GENERAL LOAN INFORMATION

2007-11-13T10:10:22Z

GENERAL LOAN INFORMATION

There are many loan choices available. In this article, we've provided a summary of loans and key phrases. Please keep in mind this is just a basic overview. Please contact us if you'd like clarification or a more detailed explanation.

Fixed Rate Mortgages - These are offered in 15 and 30 year increments. A fixed rate mortgage means that your interest rate never goes up or changes. If rates drop, you can always refinance, but you're protected if rates ever increase.

Adjustable Rate Mortgages (ARM) - These mortgages usually offer you a lower monthly payment, may qualify you for a higher loan amount, and can improve if rates go down. The disadvantage is that if rates rise, your payment may rise as well.

Balloon Mortgages - A balloon mortgage gives you a lower rate for a set amount of time. Often at the end of this period, the option to convert to a new loan is offered. However at the end of the term, a preset "balloon" payment is required for the loan status to remain good.

Other programs can include:

First Time Buyers - specific to first time buyers, helping you get into a home.
Stated Income Mortgage - allows you to obtain a loan without providing documentation - fees are usually higher with this type of loan.
Imperfect Credit Loans - for the buyer who has had some past credit difficulties.
VA Loans - for those who have served in the armed forces.

For more details, or further information on any of these loans, contact us today!

Thanks,

ATX Rent To Own is an ALLRentToOwn.com Local Specialist

http://www.atxrenttoown.com & http://www.allrenttoown.com

ATX Rent To Own is an ALLRentToOwn.com Local Specialist - General Lending Information (Part 1 of 12) - WHY WORK WITH US?

2007-11-13T10:02:38Z

WHY WORK WITH US?

Buying a home is a thrilling, if major, step. There are so many questions that can be asked, so many places to look for answers.

We'd like to share our expertise and help make the process as painless as possible. In order to reach your home buying goals, you need the right tools, and we can offer those!

We'd love to give you loan information, specific or general. We'd also like to answer any questions you might have, or help you find answers to some you haven't even yet considered!

We've created a series of articles and ideas to help educate you on what can be a confusing matter. In this series, as we continue to provide you with tips, resources and guidance, please feel free to also let us know if we're helping or where we can improve.

Thanks,

ATX Rent To Own is an ALLRentToOwn.com Local Specialist

http://www.atxrenttoown.com & http://www.allrenttoown.com

Are You Looking For Owner Financing or A Rent To Own Home In San Antonio?

2007-11-03T23:25:04Z

Are You Looking For Owner Financing or A Rent To Own Home In San Antonio?

Imagine owning a home today with as little as 3-5% down, flexible loan terms, and all at a monthly payment that works for you.

Find out how to obtain owner financing or rent to own a home in San Antonio today! We have Homes available rent to own or with owner financing in San Antonio, Helotes, Hill Country, Selma, Universal City, Castle Hills, Schertz, Cibolo, Converse, Windcrest, Leon Valley, Balcones Heights, Alamo Heights, Kirby, China Grove, Von Ormy, & other surrounding Texas areas.

Many San Antonio residents have benefited by renting to own a home or owner financing.

Instead of making a large down payment of 20 or even 30% with a traditional mortgage your option fee or down payment will be 10% or less of your home price. We are flexible and your down payment will vary based on your individual situation.

There is no need to qualify for a mortgage. Obtaining a mortgage often is difficult, time-consuming, or may not possible depending on your situation. We offer a variety of solutions using owner financing and rent to own homes.

It is a great way to save towards a home purchase through building equity monthly with your payment. We provide you with a monthly statement showing your equity balance. We give you 2 to 3 years or more to build your equity and then purchase or refinance the home.

ATX Rent to Own - Austin	ATX Rent to Own - El Paso
ATX Rent to Own - Corpus Christi	ATX Rent to Own - Houston
ATX Rent to Own - Dallas & Fort Worth	ATX Rent to Own - San Antonio

Are You Looking For Owner Financing or A Rent To Own Home In North Houston?

2007-11-03T23:21:42Z

Are You Looking For Owner Financing or A Rent To Own Home In Houston?

Imagine owning a home today with as little as 3-5% down, flexible loan terms, and all at a monthly payment that works for you.

Find out how to obtain owner financing or rent to own a home in Houston today! We have Homes available rent to own or with owner financing in Houston, Katy, Humble, Tomball, Cypress, Kingwood, Spring, Atascocita, Pasadena, Missouri City, Fresno, Sugar Land, Pearland, Richmond, & other surrounding Texas areas.

Many Houston residents have benefited by renting to own a home or owner financing.

Instead of making a large down payment of 20 or even 30% with a traditional mortgage your option fee or down payment will be 10% or less of your home price. We are flexible and your down payment will vary based on your individual situation.

There is no need to qualify for a mortgage. Obtaining a mortgage often is difficult, time-consuming, or may not possible depending on your situation. We offer a variety of solutions using owner financing and rent to own homes.

It is a great way to save towards a home purchase through building equity monthly with your payment. We provide you with a monthly statement showing your equity balance. We give you 2 to 3 years or more to build your equity and then purchase or refinance the home.

ATX Rent to Own - Austin	ATX Rent to Own - El Paso
ATX Rent to Own - Corpus Christi	ATX Rent to Own - Houston
ATX Rent to Own - Dallas & Fort Worth	ATX Rent to Own - San Antonio

Are You Looking For Owner Financing or A Rent To Own Home In Houston?

2007-11-03T23:14:54Z

Are You Looking For Owner Financing or A Rent To Own Home In Houston?

Imagine owning a home today with as little as 3-5% down, flexible loan terms, and all at a monthly payment that works for you.

Find out how to obtain owner financing or rent to own a home in Houston today! We have Homes available rent to own or with owner financing in Houston, Katy, Humble, Tomball, Cypress, Kingwood, Spring, Atascocita, Pasadena, Missouri City, Fresno, Sugar Land, Pearland, Richmond, & other surrounding Texas areas.

Many Houston residents have benefited by renting to own a home or owner financing.

Instead of making a large down payment of 20 or even 30% with a traditional mortgage your option fee or down payment will be 10% or less of your home price. We are flexible and your down payment will vary based on your individual situation.

There is no need to qualify for a mortgage. Obtaining a mortgage often is difficult, time-consuming, or may not possible depending on your situation. We offer a variety of solutions using owner financing and rent to own homes.

It is a great way to save towards a home purchase through building equity monthly with your payment. We provide you with a monthly statement showing your equity balance. We give you 2 to 3 years or more to build your equity and then purchase or refinance the home.

ATX Rent to Own - Austin	ATX Rent to Own - El Paso
ATX Rent to Own - Corpus Christi	ATX Rent to Own - Houston
ATX Rent to Own - Dallas & Fort Worth	ATX Rent to Own - San Antonio

Are You Looking For Owner Financing or A Rent To Own Home In Houston?

2007-11-03T22:12:16Z

Are You Looking For Owner Financing or A Rent To Own Home In Houston?

Imagine owning a home today with as little as 3-5% down, flexible loan terms, and all at a monthly payment that works for you.

Find out how to obtain owner financing or rent to own a home in Houston today! We have Homes available rent to own or with owner financing in Houston, Katy, Humble, Tomball, Cypress, Kingwood, Spring, Atascocita, Pasadena, Missouri City, Fresno, Sugar Land, Pearland, Richmond, & other surrounding Texas areas.

Many Houston residents have benefited by renting to own a home or owner financing.

Instead of making a large down payment of 20 or even 30% with a traditional mortgage your option fee or down payment will be 10% or less of your home price. We are flexible and your down payment will vary based on your individual situation.

There is no need to qualify for a mortgage. Obtaining a mortgage often is difficult, time-consuming, or may not possible depending on your situation. We offer a variety of solutions using owner financing and rent to own homes.

It is a great way to save towards a home purchase through building equity monthly with your payment. We provide you with a monthly statement showing your equity balance. We give you 2 to 3 years or more to build your equity and then purchase or refinance the home.

ATX Rent to Own - Austin	ATX Rent to Own - El Paso
ATX Rent to Own - Corpus Christi	ATX Rent to Own - Houston
ATX Rent to Own - Dallas & Fort Worth	ATX Rent to Own - San Antonio

Are You Looking For Owner Financing or A Rent To Own Home In Round Rock?

2007-11-03T21:38:32Z

Imagine owning a home today with as little as 3-5% down, flexible loan terms, and all at a monthly payment that works for you.

Find out how to obtain owner financing or rent to own a home today! We have homes available rent to own or with owner financing in Austin, Round Rock, Pflugerville, Bastrop, Cedar Park, Leander, Hutto, Kyle, Buda, Dripping Springs, Georgetown, Houston, San Antonio, Dallas, Fort Worth, El Paso, Corpus Christi & other surrounding Texas areas.

Many Texas residents have benefited by renting to own a home or owner financing.

Instead of making a large down payment of 20 or even 30% with a traditional mortgage your option fee or down payment will be 10% or less of your home price. We are flexible and your down payment will vary based on your individual situation.

There is no need to qualify for a mortgage. Obtaining a mortgage often is difficult, time-consuming, or may not possible depending on your situation. We offer a variety of solutions using owner financing and rent to own homes.

It is a great way to save towards a home purchase through building equity monthly with your payment. We provide you with a monthly statement showing your equity balance. We give you 2 to 3 years or more to build your equity and then purchase or refinance the home.

ATX Rent to Own - Austin	ATX Rent to Own - El Paso
ATX Rent to Own - Corpus Christi	ATX Rent to Own - Houston
ATX Rent to Own - Dallas - Fort Worth	ATX Rent to Own - San Antonio

Are You Looking For Owner Financing or A Rent To Own Home In Austin?

2007-11-03T21:35:43Z

Are You Looking For Owner Financing or A Rent To Own Home In Austin?

Imagine owning a home today with as little as 3-5% down, flexible loan terms, and all at a monthly payment that works for you.

Find out how to obtain owner financing or rent to own a home today! We have homes available rent to own or with owner financing in Austin, Round Rock, Pflugerville, Bastrop, Cedar Park, Leander, Hutto, Kyle, Buda, Dripping Springs, Georgetown, Houston, San Antonio, Dallas, Fort Worth, El Paso, Corpus Christi & other surrounding Texas areas.

Many Texas residents have benefited by renting to own a home or owner financing.

Instead of making a large down payment of 20 or even 30% with a traditional mortgage your option fee or down payment will be 10% or less of your home price. We are flexible and your down payment will vary based on your individual situation.

There is no need to qualify for a mortgage. Obtaining a mortgage often is difficult, time-consuming, or may not possible depending on your situation. We offer a variety of solutions using owner financing and rent to own homes.

It is a great way to save towards a home purchase through building equity monthly with your payment. We provide you with a monthly statement showing your equity balance. We give you 2 to 3 years or more to build your equity and then purchase or refinance the home.

ATX Rent to Own - Austin	ATX Rent to Own - El Paso
ATX Rent to Own - Corpus Christi	ATX Rent to Own - Houston
ATX Rent to Own - Dallas - Fort Worth	ATX Rent to Own - San Antonio