April 9, 2010 -- Happy Home Solutions can help you move your home now. Watch this video explaining how we can help you!
Whether you're in Wheaton -- or anywhere else -- Contact us today for more information, and an OFFER ON YOUR HOME: 630-780-HOME (4663) or email diane@myhappyhomesolutions.com
Friday, April 9, 2010
A Happy Homes Solutions Rent to Own Client Testimonial
Marlena is a Happy Homes Solutions client who found a home through our online video tours, and is now renting to own her first home!
See what Marlena has to say about Happy Homes Solutions in this video:
See what Marlena has to say about Happy Homes Solutions in this video:
Thursday, March 18, 2010
How Anyone Can Qualify For A Rent To Own Home
Many tenants continue to rent year after year -- and give their money to their landlord with nothing to show for it -- because they don't think they can qualify to buy a home.
But many of them are wrong. Many of them can qualify to rent-to-own a home -- even if their credit score is low, or they haven't saved a big down payment, or they are between jobs, or they don't have a long rental history.
It just takes a little action to find the right program, and a little education to learn how it works.
If you ask the right questions, you'll discover how simple the process really is.
Tenants ask all the time – How can I qualify for your rent-to-own program?
At Happy Home Solutions, you just need to fill out an application and satisfy three basic requirements:
1) The tenant-buyers must commit to paying their rent on time every month.
2) The tenant-buyers must be ready to handle the minor repairs and maintenance that come with owning a home.
3) The tenant-buyers must be able to provide an option fee, or upfront payment, before they move in.
You can watch a video explaining each of these in detail at www.MyHappyHomeSolutions.com
Tenants also ask – Why do I need a significant option fee? Why can't I just pay a deposit?
The down payment necessary to secure a home in our rent-to-own program varies drastically, depending on the price of the home, the condition of the property, the strength of the applicant's credit score and employment history and rental history, whether the rent is lower or higher than market rents in the area, and many other factors.
The upfront payment for a rent-to-own property is generally higher than a typical rental deposit of one or two month's rent but lower than a traditional down payment for a bank loan of 10% to 20% of the purchase price.
The more a tenant-buyer has available to put down, the more likely that tenant-buyer's application will be approved and selected over another tenant-buyer with similar income and credit. We have many applicants for each property, so the candidate who beats out the competition is often the one who can show the strongest commitment to purchase.
A significant upfront payment shows a strong desire to buy!
Tenants still ask -- Why is a down payment required even though my rent is being applied towards the down payment?
At Happy Home Solutions, our tenants earn a signficant portion of their rent payment towards the purchase of their home. Although this payment keeps growing every month, an upfront payment is still required before the tenant moves in to distinguish a true "tenant-buyer" from a regular renter, and to help with the process of acquiring a bank loan. We usually offer a very generous 50% to 100% rent credit because we want serious buyers who can combine that with a significant down payment in order to qualify for a loan.
Finally, tenants ask -- Would we need to qualify for a conventional loan after the lease period?
The idea of our rent-to-own program is to work towards getting a conventional loan during the lease period. We will refer you to professionals who can help you improve your credit, apply for grant assistance for additional down payment, research available loan programs, and get the best rate. We can often negotiate to get some of the closing costs paid for you as well.
We want to help you every step of the way because your success is our success!
Just listen to Marlena, by clicking on the following link:
http://www.youtube.com/watch?v=SIMIOqzMr_4
Marlena's dream came true when she found a newly remodeled house that cost less per month than her apartment and gave her more space, more convenience and more of what she always wanted -- her own home!
Let us help you achieve your goal. Just call 630-780-4663 or email dianejstjames@yahoo.com
or visit us at www.MyHappyHomeSolutions.com
But many of them are wrong. Many of them can qualify to rent-to-own a home -- even if their credit score is low, or they haven't saved a big down payment, or they are between jobs, or they don't have a long rental history.
It just takes a little action to find the right program, and a little education to learn how it works.
If you ask the right questions, you'll discover how simple the process really is.
Tenants ask all the time – How can I qualify for your rent-to-own program?
At Happy Home Solutions, you just need to fill out an application and satisfy three basic requirements:
1) The tenant-buyers must commit to paying their rent on time every month.
2) The tenant-buyers must be ready to handle the minor repairs and maintenance that come with owning a home.
3) The tenant-buyers must be able to provide an option fee, or upfront payment, before they move in.
You can watch a video explaining each of these in detail at www.MyHappyHomeSolutions.com
Tenants also ask – Why do I need a significant option fee? Why can't I just pay a deposit?
The down payment necessary to secure a home in our rent-to-own program varies drastically, depending on the price of the home, the condition of the property, the strength of the applicant's credit score and employment history and rental history, whether the rent is lower or higher than market rents in the area, and many other factors.
The upfront payment for a rent-to-own property is generally higher than a typical rental deposit of one or two month's rent but lower than a traditional down payment for a bank loan of 10% to 20% of the purchase price.
The more a tenant-buyer has available to put down, the more likely that tenant-buyer's application will be approved and selected over another tenant-buyer with similar income and credit. We have many applicants for each property, so the candidate who beats out the competition is often the one who can show the strongest commitment to purchase.
A significant upfront payment shows a strong desire to buy!
Tenants still ask -- Why is a down payment required even though my rent is being applied towards the down payment?
At Happy Home Solutions, our tenants earn a signficant portion of their rent payment towards the purchase of their home. Although this payment keeps growing every month, an upfront payment is still required before the tenant moves in to distinguish a true "tenant-buyer" from a regular renter, and to help with the process of acquiring a bank loan. We usually offer a very generous 50% to 100% rent credit because we want serious buyers who can combine that with a significant down payment in order to qualify for a loan.
Finally, tenants ask -- Would we need to qualify for a conventional loan after the lease period?
The idea of our rent-to-own program is to work towards getting a conventional loan during the lease period. We will refer you to professionals who can help you improve your credit, apply for grant assistance for additional down payment, research available loan programs, and get the best rate. We can often negotiate to get some of the closing costs paid for you as well.
We want to help you every step of the way because your success is our success!
Just listen to Marlena, by clicking on the following link:
http://www.youtube.com/watch?v=SIMIOqzMr_4
Marlena's dream came true when she found a newly remodeled house that cost less per month than her apartment and gave her more space, more convenience and more of what she always wanted -- her own home!
Let us help you achieve your goal. Just call 630-780-4663 or email dianejstjames@yahoo.com
or visit us at www.MyHappyHomeSolutions.com
Thursday, November 5, 2009
The American Dream... deferred?
Do you dream of owning a home but your credit is not good enough to qualify for a loan?
You are not alone. Millions of Americans have credit scores that have been decimated by medical bills, credit card overspending, unforeseen emergencies and more.
Does that mean you have to wait to own a home?
Not anymore. Even as banks get more strict about their lending rules and fewer and fewer loans are approved, savvy buyers are learning there are more creative ways to buy a home besides just qualifying for a bank loan.
One of the best ways to buy a home and start building equity NOW is by renting to own.
You are probably renting already. Imagine if half or even all of your rent was going directly to pay for the purchase of your home! You can qualify for that as a rent-to-own tenant, even if your credit score is low.
There are three major factors that determine if you can rent to own:
1) Can you pay your rent ON TIME, EVERY MONTH in order to earn your rent credit of 50% to 100% towards your purchase price?
2) Can you handle your own REPAIRS AND MAINTENANCE on the home just as a fully vested homeowner would?
3) Can you pay 3 to 10% option consideration up front to move into your dream home?
If you answered yes to these three questions, then you have taken the first important step to becoming a homeowner.
Don't let the economy, your friends or the media tell you that you can't have the American Dream, or that you have to wait. There is no need to defer your dreams; you can buy now!
At Happy Home Solutions, we help renters stop throwing their money away on rent by moving them into rent-to-own homes.
We just helped a couple from Cicero, Illinois move from a third-story walk-up apartment to a beautiful, 3 bedroom, fully rehabbed house in Waukegan, Illinois for a payment that is LESS EACH MONTH than they were paying in rent!
In my next post, I will provide a link of Marlena describing how excited she is to be purchasing her first home.
Let us help you be our next success story.
Contact Diane St. James at dianej-stjames@usa.net or 630-780-HOME to take that first step toward YOUR American Dream.
You are not alone. Millions of Americans have credit scores that have been decimated by medical bills, credit card overspending, unforeseen emergencies and more.
Does that mean you have to wait to own a home?
Not anymore. Even as banks get more strict about their lending rules and fewer and fewer loans are approved, savvy buyers are learning there are more creative ways to buy a home besides just qualifying for a bank loan.
One of the best ways to buy a home and start building equity NOW is by renting to own.
You are probably renting already. Imagine if half or even all of your rent was going directly to pay for the purchase of your home! You can qualify for that as a rent-to-own tenant, even if your credit score is low.
There are three major factors that determine if you can rent to own:
1) Can you pay your rent ON TIME, EVERY MONTH in order to earn your rent credit of 50% to 100% towards your purchase price?
2) Can you handle your own REPAIRS AND MAINTENANCE on the home just as a fully vested homeowner would?
3) Can you pay 3 to 10% option consideration up front to move into your dream home?
If you answered yes to these three questions, then you have taken the first important step to becoming a homeowner.
Don't let the economy, your friends or the media tell you that you can't have the American Dream, or that you have to wait. There is no need to defer your dreams; you can buy now!
At Happy Home Solutions, we help renters stop throwing their money away on rent by moving them into rent-to-own homes.
We just helped a couple from Cicero, Illinois move from a third-story walk-up apartment to a beautiful, 3 bedroom, fully rehabbed house in Waukegan, Illinois for a payment that is LESS EACH MONTH than they were paying in rent!
In my next post, I will provide a link of Marlena describing how excited she is to be purchasing her first home.
Let us help you be our next success story.
Contact Diane St. James at dianej-stjames@usa.net or 630-780-HOME to take that first step toward YOUR American Dream.
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