I have yet to meet a person who enjoys losing money. All of us
who currently market on the Internet are continually striving to
learn "how" to make money and avoid losing it. Once we learn
that secret, we would be living this dream.
Still, one answer that I get more often than not is: "If I could
buy a home and stop losing money on renting or buy that cash
making rental property, THAT would be the Ultimate Dream for me
and my family!"
The rules as it were for buying a home have changed immensely
through the years. I recall my grandfather telling me that he
'shook hands' with his banker to build his house back in 1948.
And when he needed an additional amount to finish the house, the
banker came to the home, looked at a huge beautiful Weeping
Willow tree and said: "Harry, we'll use that mighty tree for
collateral to help you finish the house."
The point? Yes, things have definitely changed. It has become
increasingly difficult for many to buy a home for several
different reasons. One major reason is credit!
I was reading the other day a statistic that literally made my
mouth drop to the floor. "Nearly 85% of Americans have some type
of credit impairment or problem on their credit report." But
that was not all. Of those 85%, over 37% cannot for one reason
or another buy a house.
I was shocked at those numbers. Still, another reason that many
cannot buy a home or even rental properties is lack of down
payment. This as well as a 'unhealthy' debt to income ratio can
be as hurtful to someone buying a home as having a negative
credit report.
Yes, it pains many, many people to keep losing this money by
renting... month after month, never seeing any equity in what
they are paying for.
Or how about the business minded person that understands the
concept of investing in rental properties to build their equity
and net worth but cannot due to their credit being over extended
or not having the cash flow or down payment needed to close this
type of business deal.
Whatever a person's situation is, ranging from bad credit to low
down payments to being over extended, ...this keeps many from
enjoying the Ultimate Dream.
However, there are proven steps that a buyer can take to improve
whatever situation is keeping them from buying their home.
Listen closely, because this can greatly benefit you, a relative
or a friend in this situation!
- First, check your credit report to see what is on there.
Preferably before you apply for a house loan. In fact, there are
many websites that offer a 'FREE' credit report.
http://ultimatetrafficjam.com/freecreditreport Free
Credit Report
- Second, seek counseling or debt assistance so that you can
remedy the problem now because a rejection doesn't have to last
forever! Remember that. :)
http://ultimatetrafficjam.com/debtassistance Debt
Assistance
- Third, do your research. There are mortgage companies that
will work with B,C, and D clients (Those with various credit
blemishes) and still get many of them into a home.
http://ultimatetrafficjam.com/mortgageloans Mortgage
Loans
Okay. But what if you want a home or rental property right now?
What if you know that it will take a while to fix or
re-establish your credit? And what if you only have $2000,
$3000, $4000 or even $5000 to put in a house and you're still
required to come up with more money? Is there anyone that can
help you now? Are renters 'doomed' and banished to this renting
world forever?
No. For some reason, people think they have to rent because
there are no alternatives available. Or maybe it's because
they've heard so many rejections from so many people. Well, I am
happy to say there is good news on the horizon.
There does exist an exciting and alternative road to pursue.
There is a 'private mortgage program' that can put a renter or
would-be investor into a home, commercial or rental property
many times within 30 days or less with...
1. NO Credit Checks 2. No collateral 3. and in many cases, a
Lower down payment
Visit: http://ultimatetrafficjam.com/renpn.html Instant RE
Imagine not having to deal with all the extensive paperwork, the
2 years of financial statements, the credit report, and the
stringent debt to income ratios that have kept many from
enjoying their American dream.
FACT: This works unbelievably well for homes, condos, townhomes,
commercial and rental properties. Remember, you can now enter
the lucrative real estate world by buying rental properties with
this incredible program that can make you large amounts of cash
each and every month.
This exciting and very unique program works in all 50 states and
is 100% legal... it works.
Do something positive about your situation today. But whatever
you decide, work on improving your credit report or stay at that
job for sufficient proof of income.
Your family will be forever grateful to you for getting them
into that home or buying that rental property what- ever way you
can... yes that home that now you are building equity in. That
truly is an Ultimate Dream come true.
About the author:
Floyd Tapia, is the editor of New Age Internet Marketing
newsletter - N.A.I.M. (http://ultimatetrafficjam.com) He's also
been in the real estate industry as an investor, agent and
fiancier for 15 years. Contact Instant RE today at:
http://ultimatetrafficjam.com/renpn.html Instant RE
This article may be published if the content and resource box
remains intact.
|
|
