New Home Owner Makers Educational Services program helps First time homebuyers purchase quickly, and also should eliminate “Rent-To-Own” Arrangements
The challenge of first-time homebuyers for decades has been the 20% down payment to obtain a qualified mortgage. This requirement has prevented many otherwise qualified buyers from purchasing their initial home.
Many have fallen prey to abusive ‘Rent to Own’ (RTO) or ‘Lease Purchase’ contracts, trusting they were on their way to ownership. Sadly, a missed payment, or inability to get a mortgage could often cause these novice buyers to lose every dollar they had invested. Unscrupulous sellers even took advantage of multiple RTO renters. It is time to stop this predatory RTO practice, permanently.
HOME OWNER MAKERS EDUCATIONAL SERVICES (H.O.M.E.S.) has developed a home purchasing process called a ‘Qualified’ Contract for Deed (QCD™) whereby a small down-payment ( 1 to 1.5 %) can begin the buying process, with all ownership benefits available immediately. No upfront mortgage effort is required – and monthly payments can be negotiated relative to a buyer’s current rental costs, so there is no danger of buying more house than one can afford.
Once a buyer is ‘seasoned’ (i.e., living there, and paying on time, for a given number of months) they will become eligible to take out a refinance mortgage. H.O.M.E.S is already working with conventional mortgage providers who will refinance the home to pay off the QCD™ when appropriate. That process can begin after 12 months of timely payments, and the buyers can move to a mortgage as soon as it is right for them. During the contract period, they can even sell the property, pay off the QCD™ contract balance, and keep the profits. And this buying process is so simple, so easy to put in place that a purchase closing can occur in just a matter of days between the buyer and seller. Imagine what this can mean to millions of frustrated first-time buyers who have waited far too long to become homeowners.
The revolutionary QCD™ approach is fully detailed on the free, educational website (www.HomeOwnerMakers.com) created by the team at H.O.M.E.S. to demonstrate just how easy it is to purchase a first home (or any home, for that matter.) You will find a comprehensive explanation of the steps to take, whether you are the buyer or the seller, or a landlord with multiple properties, hoping to sell your rentals. Smart realtors who have prospects who may not qualify to buy with a mortgage can even suggest this method as a bridge to immediate ownership with a future refinance. The goal of our QCD™ program is to create more than 4 million new buyers from all walks of life, and at every price-point – and those renters who fear they might never own a home will benefit most.
If you are in a “rent-to-own” program, please use the website to work with your seller to change your RTO to a QCD™. This will allow you to become an immediate homeowner, with a refinance mortgage process to pay off the QCD™ envisioned at a mutually agreeable time. (If a refinance mortgage is not available, the buyer still remains the owner, and builds equity while paying off the QCD™).
Apartment building owners have already expressed interest in using the QCD™ program to do condominium conversions, giving their tenants the opportunity to move into ownership in a location where they are already living and would want to stay. There are some 18 million apartment units that could move easily into condominiums, dramatically increasing nationwide levels of owner-occupied properties.
Our hope is that as ownership rises, the abusive Rent to Own practice disappears.
The free website at www.HomeOwnerMakers.com offers the step-by-step instructions to begin the QCD™ process. Establishing the property’s valuation for the buyer and seller is explained in-depth and is surprisingly straight-forward. In many cases in an RTO the owner and the renter have already discussed and agreed upon the purchase price as an “option”. On the website, one will also meet our legal support partners, ready to help complete the simple but necessary paperwork required for all 50 states. Even more, buyers will have access to QCD™-trained attorneys who will counsel them and evaluate their contracts, to add any case-specific clauses as needed.
Last, but certainly not least, HOME OWNER MAKERS EDUCATIONAL SERVICES’ website contains everything anyone could want to understand the program fully. There are entire sections devoted to buyers, sellers, realtors, and more, including information about successful efforts that go back decades. The Blog and Articles of Interest areas will be updated continually. And in order to be of service to our buyers, sellers – and the public at large – the Resources Section will include a broad spectrum of Affiliate Partners who will offer various products and services for the buyers and sellers. Many will have special offers just for the QCD™ visitors.
Whether one is trapped in a Rent to Own situation, or any other buyer or seller for that matter, the ‘Qualified’ Contract for Deed© (QCD™) from HOME OWNER MAKERS EDUCATIONAL SERVICES is the simple but revolutionary way to purchase your first “owner-occupied” home. To learn more, visit www.HomeOwnerMakers.com
