Home for sale. 3 bdr 2 ? b
Newly remodeled. Lge lot.
No down. Call 555-555-7777

We finance anyone!
Low down, easy terms.
Call NOW! 555-555-7777

Chances are you have seen these ads or something similar. When you checked them out, what were you told? Let me guess.

If you don’t want to put any money down, you have to have a FICO credit score over 700, and the higher, the better. This might have been the first time you ever heard of FICO. And you recently had a couple of small bills that you were late paying. There goes the FICO! Well, maybe there’s another house you can look at.

Nope! The next one wanted you to show proof of income for the last two years and you have been trying to get your business up and running and have been plowing everything you make back into the business.

Wait. Here’s someone that will finance anyone! You’re making good money in your new career and have been doing it for 5 months now. Your commissions have been super! You are leading the crew and you know it will only get better. You’re actually making more now than you did in your last career. But you don’t qualify! You find out that on commission positions, you have to have a two-year track record.

At this stage it’s normal to stop and ask, ‘What’s going on? Can’t I get into any home?’

(more...)

Technorati Tags: FICO, money, Motivated Buyer

You really have to stop and ask yourself that question before you even start to look for a home using no qualifying techniques.

If you just feel that maybe you would like to explore creative ways to buy your home to save some money or maybe just dabble in real estate part time to pick up a some extra cash, your chances of success are maybe 1 in 10. That’s on the outside!

It is not enough just to feel you want to do this. You have to be really, really motivated! You have to be fed up with the way you’ve been treated in the past. You have to be mad at the whole world that has kept you from home ownership. You have to want to own your own home so bad that you can’t think of anything else. It has to consume you!

If you develop that mindset, you increase your odds in this game tremendously. And your chances of success are close, or at, 100%.

(more...)

Technorati Tags: money, Ralph Marston