Another very important question you should be asking is “how do you make sure the client improves their credit?”
There are two ways we address this important question.
First, before entering a rent to own program we test to see if the client is really committed to the goal of home ownership. During the clinet interview we ask about their credit and check to see if they are willing to do what it takes to make the improvements they’ll need to get mortgage financing in the future.
Second, once the client is setup in their rent to own program we set them up with a credit repair specialist to put together a plan to help them get from point A to point B efficiently. The credit repair specialist will check in with them every few months to ensure they are making progress and to adjust the plan as required. Improving credit isn’t always easy, and it does take work but anyone committed to the task can make significant progress.
Like a personal fitness trainer, we can’t do a client’s pushups for them, but we set them up with a credit repair specialist who guides them through the minefield of credit to coach them and make their journey from point A to point B as easy as possible.