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New_financing_options_offer_second_chances_to_homebuyers
| New financing options offer second chances to homebuyers.
Local agent and real estate investing expert Greg Campbell in
association with TC properties and NCown has created some
exciting new ways for Charlotte families to become buyers.
Realizing the challenges that new buyers face such as credit
issues, down payment savings being a long road, and prices
rising faster than wages in some markets, TC properties and
NCown have created ways to build equity for most every situation.
Tradition mortgages were often out of the reach of many younger
buyers or buyers who had faced divorce or bankruptcy related to
medical bills. TCproperties and NCown acquired numerous houses
in the process of helping out sellers caught in a pinch.
TC properties and NCown have come up with many new financing
options and are making them available throughout Charlotte,
Huntersville, and the Lake Norman region of North Carolina.
Some of the common financing methods and the names they go by
are “lease option”, “lease to own”, “owner financing”, and “rent
to own”.
Through ownership of many new model homes and renovation of many
distressed properties TC Properties and NCown have made these
homes available for relocating professionals and local families
that have found it difficult to acquire conventional mortgages.
The Lease option program they have helped dzens of families with
already has made homeowners from many families in Mecklenburg
county that would have otherwise not been able to acquire a
conventional mortgage. The ownership of a home often represents
a nest-egg for retirement for many families, and in this way TC
Properties and NCown have created a long lasting change for many
low income families.
These families approached looking for a solution and found a
pioneering company that had created many options for everyone
they met. These families continue to pay rent like rates and
have a large portion of that payment begin to pay down the sale
price of the actual home they are living in. This has created a
form of true equity for many families looking for options.
This program is detailed on their websites at
http://ncown.com/leasepurchase.html.
With creativity and a second chance in mind they have since come
up with many option such as “owner financing” that requires only
a meager downpayment in the range of 10% of the home cost and
conveys ownership immediately with no bank qualification
required. This program is excellent for self employed parents
and families.
A new twist to the concept of honest work for honest pay is the
newest option offered to Charlotte residents of “work for
equity”. This program has employed many a skilled worker in
improving the home they live in for equity toward the ownership
of the home. Thousands can be accrued in the first year toward a
down payment or total price of a Charlotte area home.
All these options come at a time when homes are selling fast and
property prices have made ownership a staple in a long-term
investment plan. With hopes of helping more Charlotte and Lake
Norman area neighbors escape rental circles and find a way to
build equity, TC Properties Group and Ncown have learned from
buyers and home shoppers to help find new ways to help honest
families own homes in Charlotte.
Visit NCown rent to own homes
or for new programs as they develop or visit Greg at Lake norman real estate
agent for all your area real estate agent needs.
About the author:
Mike Katz is an investor and webmaster for TCProperties in
Charlotte NC.
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