Good Credit Not for Everyone But It Can Be



Despite the amazing strength of the Arizona Real Estate market in the recent years, many industry experts agree that there is plenty of growth still to come. For those that are faced with a seemingly insurmountable task of attaining a loan worthy credit score, there is still hope. Real Estate companies are now finding unique ways of getting people on the path to home ownership so that everyone can capitalize on this methodology of attaining wealth.

Lease-Option or Rent-To-Own are some of the common terms that are starting to pop up more commonly throughout the Real Estate community. These programs are at the forefront of this industry and helping all types of people who might not otherwise be able to achieve the American dream of home ownership. Participants in the program typically lease a home for two years. During this time the renter pays a slightly higher rent and earns credit towards the purchase of the home with each rental payment. After this period, the tenant generally exercises the option portion of the program allowing them to purchase the house with a portion of the equity gained as well as fraction of the slightly higher rent amount. This can be possibly as much as 50% of the monthly rental.

"The beauty of these programs," said Deborah Robles the Lease-Option Program Manager for Complete Real Estate Solutions, "is they allow people to get the credit they deserve without having to qualify them via there credit score." This may be the most important feature of this type of program. Credit is more often than not the main reason people are not able to receive loans. This tactic of getting into a house can set anyone on the path to homeownership.





Good Credit Not for Everyone But It Can Be