What if I already have my credit score?

That is great! It's important to always stay on top of your credit report. You're on your game and on the right track for success. In fact, you're the perfect client for that simple fact!

However, yeah you knew it was coming, we have to get you to officially pull your credit scores from one of our credit sources. This is required by our property holders. We legally cannot allow you to bring in a credit report from a company outside of the given Credit Agencies below.

The best way to think of it is if you walked into any bank, car dealership, or even applied for a credit card, they still pull your credit scores. They have to because their lenders require it. They do not allow you to bring in your own scores for simple fraud reasons. Granted most ( I hope all ) would never commit fraud and change your report, the fact still remains your credit report has to be officially pulled.

The same reasons apply here. We have to get a "fresh look" at your scores. We've tried to make this as easy as humanly possible and we believe this has been achieved. We aim to provide options! It's important you understand that we are not in the credit score industry. We simply utilize these companies for you to get your scores to us. We chose these companies because of their outstanding offers and their proven track record.

In the event you are worried that pulling your credit report is going to hurt your credit score, then you are misinformed. Obtaining your own credit report DOES NOT hurt your credit score. Again, if you pull your credit scores, which you are doing now, it does not hurt your credit score. This is another reason we allow you to go get your scores from the Credit Agencies below. You win again :)

We cannot stress enough that we are aimed at getting you into a home that you can one day own instead of paying endless rental payments to your landlord. You earned that money and deserve to earn equity in the home.

Let's get you out looking at these homes! Go grab your scores and enter them at our Credit Score Entry Page.

>> Get Your Credit Score HERE

We want to make this the easiest house buying process you will ever go through. We know the red tape exists so that's why you need to follow our steps closely. We are the original COMPLETE Rent-To-Own solution, please be aware of bogus copycat systems! They can try to duplicate the process but they will never duplicate the results!

Click Here AFTER you get your credit score

Your Credit Report and Revolving Debt

Since there are no bank qualification steps to go through in a Rent-To-Own / Lease-Purchase contract there is very little in the form of verification needed. However, homeowner and investors still need to make sure they can feel safe going into a contract with a buyer (that's you!). One of these steps is your credit report. This will give the home-owner/investor an idea of your past credit experiences and more importantly see that you are on the road to building your credit back up to good standards. You will be asked to have your credit report on your first meeting with the home-owner / investor. Do not send in your credit report to OwnerWiz.

What is Revolving Debt?

Credit card debt is referred to as "revolving" credit because - unlike a mortgage, for example - it allows the borrower to carry a balance from month to month with no fixed number of payments set to pay off the balance. Additionally, a borrower can continuously add to the debt, up to a set credit limit. All the credit card company typically requires in return is a minimum monthly payment, most of which is just a payment on the interest owed, with as little as 5% or less going towards reducing the principle.

Revolving credit card debt is the source of many individuals' financial difficulties (and profits for credit card companies). Someone who routinely pays only the minimum monthly payment will be making little or no headway towards reducing the balance of their debt and can eventually find themselves with major financial problems.

The Down Payment

How much of a down payment is needed? The minimum needed for a house that costs $80,000 - $110,000 is $2,500. Higher home costs will demand a higher down payment. The investors are taking on the risk of buying the home and this amount insures that you are serious about buying the home. This down payment goes 100% towards buying the home when you're ready to buy. Also, a portion of your monthly payment will be put into escrow as well and be used in addition to your down payment.

Since there are no bank qualification steps to go through in a Rent-To-Own / Lease-Purchase contract there is very little in the form of verificaiton needed. However, homeowner and investors still need to make sure they can feel safe going into a contract with a buyer (that's you!). One of these steps is your credit score and report. This will give the home-owner/investor an idea of your past credit experiences and more importantly see that you are on the road to building your credit back up to good standards. You will be asked to have your credit report on your first meeting with the home-owner / investor. Prior to this meeting you will discuss your financial situation with one of our qualified agents.

Home Listings Made Easy

You'll be given access to our online listing database. Inside your account you'll be able to put homes in your "watch list". This watch list needs to contain at least a couple homes to insure that if something goes wrong with one the other can still be in the works. We know that time is generally a issue so make sure that you always have a couple homes you are intersted in buying. The most important thing to remember is that we are more than just a home listing warehouse. Any you see for sale can qualify for the program. So if you see a home listed on another site. Simply contact our team and send the listing over. We'll add it to your list. It's that easy.

Our goal is to make you a home owner. We aim to provide you with every resource possible to acheive this goal. We give you the road map to get to this goal and help you every step of the way until it is reached. Home listings are just a part of this map. Finding a home and ultimately buying the home are two totally different hurdles. We help you with both. Give us a try.