Sarasota foreclosures attract hungry house hunters, who desperately are working to improve their credit and grab the keys to their new homes.
Today, a lady named Shaunna desperately wants to buy a home along with her husband.
Before I get to Shaunna’s question about secret #1, check out this short video causing many people to LOSE money and credit…much to their shock!
As with most people contacting me, Shaunna and her husband need bad credit repair before they can take advantage of one very attractive mortgage program requiring a LOW credit score and down payment.
Yep, you heard me correctly.
To take advantage of this mortgage program, you need:
- Minimum 620 middle credit score
- 3 1/2 down payment
- Verifiable income (>12 months)
- 2-3 seasoned tradelines (aka active credit accounts in good standing)
- No unsatisfied judgments
- No bad credit (not including medical) within most recent 24 months.
You see, this is doable…very doable.
Every person contacting me averages a 540 middle credit score, and they describe their score as “ugly.”
Usually, I can find 80-100 points with just a quick glance at credit reports, helping people just like you grab the keys to your new home.
For years, I have been forced to watch people wanting to buy a house make dangerous, costly mistakes that defer their dream.
Click Read More below now for one score-boosting secret setting Shaunna on the path to improved credit and the keys to their new home. YES, it will happen once you see how strategy creates your individual roadmap to the credit you need.
8 SECRETS TO A 680 CREDIT SCORE BEGIN WITH SECRET #1
Shaunna writes,
“Hello, I’m desperately trying to find a rent to own home for our family. I have made many attempts to contact people about finding one and I can’t seem to get any responses. We have been renting for sometime and recently were denied for a loan. We are fixing our credit which will not take us long but unfortunately we must leave our house now as it is being sold.”
Obviously, Shaunna ahnd her husband want to buy a home, thinking rent to own is their solution.
Two to three years ago, I easily could find Shaunna’s family a rent to own home.
- Today, 7-10 home owners are underwater, meaning they owe more than their houses are worth.
- Further, real estate investors are not buying to lease option (aka “rent to own”).
- Worse, scammers are stealing people’s money both upfront and every month for up to 24 month.
Despite these challenges, I’m not giving up on rent-to-own opportunities. Little by little, I’m finding home owners who own free and clear or they have equity <gasp>.
Yeah, I know…sounds hard to believe, doesn’t it, that any home owner today could have equity.
This makes credit improvement even more important.
Once house hunters realize they CAN bank qualify — that they are NOT a hopeless case — they get excited and committed.
Credit-Boosting Secret #1 Improves Credit PLUS….
Secret #1 is GREAT! However, it’s not designed for people who want to buy a house. Here’s why: mortgage bankers tried like crazy to kill secret #1.
Why?
Many online companies sprouted up, selling these accounts. This caused people’s credit scores to SOAR as you’d expect. To bankers, this was giving loans to people who really didn’t deserve them.
The problem, though, when bankers screamed to Fair, Isaac & Co (the guys behind the FICO scoring system) is that MANY work-at-home spouses/partners RELIED on their income-producing partners for credit.
That is, the income-producing spouse/partner bought the house, the car, the credit cards because HE/SHE was earning the income.
Of course, that doesn’t mean the work-at-home partner raising the kids from home for instance was not a worthy credit risk.
Therefore, consumer advocates SCREAMED louder than mortgage bankers, squashing the bankers’ attempt to kill secret #1.
Most mortgage applications will not count secret # 1 accounts.
What You Want Determines Strategy!
Therefore, secret #1 is a GATEWAY strategy for people wanting to buy a house. In other words, secret #1 allows people to improve their scores in order to qualify ON THEIR OWN for their own credit.
For people who want to buy a house, I recommend getting that same trusted family member to add you as a JOINT-Account holder.
Of course, TRUST must be mutual b/t you and the family member. Do you understand what I mean?
Further, don’t become a JAH on a loan with a “high” monthly payment that screws up your ratios. Remember the 36% top ratio I mentioned earlier?
Listen Carefully….
If your income supports this strategy, you might consider getting added as a JAH on a family member’s car loan (or any other installment loan) or credit card (or any other revolving credit account).
Keep in mind, you are not paying the money of course, though this monthly payment will count against our ratios.
As mentioned above, you also might consider getting added as a JAH to a credit card with my father/mother who ALWAYS pay it off each month – they NEVER carry a balance.
Do you see why that DVD is flying off the shelf – even when I sold it for $69.95? It’s VERY worth it, because 99.9% of people do NOT know any of this.
And why would they know any of this? It’s not taught anywhere.
This is why I constantly use the word “strategy” when discussing real estate (buying or selling) and credit (adding credit or improving credit).
How’s all this sound?
To which Shaunna responds with the following:
“Thank you so much for responding. I appreciate you for explaining all of this to me. With the little information that my husband and I have in this field it would have been a high chance that we would have been sucked in to one of those scams. Thank you again. We really would like to own our own home.”
Clearly, Shaunna now sees options where earlier she saw rejection and desperation. Over and over, I help people improve their credit and grab the keys to their new homes.
Okay, what questions do you have about credit-boosting secret #1 or owner financing (including Florida rent to own, Florida lease option or even Florida lease purchase)? You might just discover your credit is not as ugly as you think it is. You also might discover you a step-by-step strategic approach to improving your “ugly” credit. The question becomes: How badly do you want what you want? Please scroll down a bit to leave me a question, make a comment or share an experience. I want to hear from you.
Sarasota foreclosures create home-buying opportunities for people willing/able to improve their credit using 8 SECRETS TO A 680 CREDIT SCORE. If you’re lucky and want to rent to own now instead of improving your credit now, please get clear on costly, dangerous house-buying mistakes destroying many people’s dreams.
Sarasota foreclosures attract hungry house hunters, who desperately are working to improve their credit and grab the keys to their new homes.
Welcome back! Got a question for me...or an experience to share? Please go to the bottom of this article to ask a question or share an experience. :) Thank you!
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