Home Rent to Own | Power of Sale/Foreclosure | Credit Management Have You Been Declined For Home Financing Or Facin | Page 8

RENT TO OWN – FREQUENTLY ASKED
QUESTIONS
• Will I still qualify if I have a bad credit score?
• The amazing thing about Home Owners Soon is that they do not work for
people according to their credit history. Your current credit will never be
a deciding feature when deciding your applications approval.
• If that is the case, what are the reasons that my application will
be declined?
• There are very few reasons why your application may be rejected. These
could be anything from a missing down payment, a badly damaged
house to unstable income and an inadequate purchase price.
• Will I be charged if you accept me into your scheme?
• In order to activate contracts there will be a starting fee of ninety-nine
dollars. This fee however is not payable until the funding has been
approved by the various company departments.
• Does my monthly payment include property tax and insurance
costs?
• As a client, you are needed to pay a resident insurance policy cover in
order to keep your belongings safe inside your property. Also, as a
tenant you will be held responsible for all of the appliances and utilities in
your home, as well as any and all upkeep that your property may
require.