If you're like most first-time home buyers, you've probably listened to friends', family's and coworkers' advice, many of whom are encouraging you to buy a home. However, you may still wonder if buying a home is the right thing to do. Relax. Having reservations is normal. The more you know about why you should buy a home, the less scary the entire process will appear to you.
Here are 8 good reasons why you should buy a home:
- Pride of Ownership
- Appreciation
- Mortgage Interest Deductions
- Property Tax Deductions
- Capital Gain Exclusion
- Preferential Tax Treatment
- Mortgage Reduction Builds Equity
- Equity Loans
At Mendes Group LLC, we have many funding sources where you can acquire a loan without the usual bank bureaucracies
The 4 factors that will make you a homeowner at Mendes Group LLC:
- Minimum credit score of 560 (some restrictions apply)
- Minimum Monthly Income of $1,500 from one applicant or combined income
- The debt ratio requirement is 50% for owner occupied and 40% for investor products
- Bad or No Credit History
- Flexible work history requirements
Approval within 10 business days! There are three basic fundamental areas we look at to determine if a Buyer Qualifies for any of our products regardless of the program being used; - Credit of the buyer - Income - Job Time To start the process for the pre-approval these three requirements are need; - Buyer(s) complete a 1003-credit application. - A three file merged credit report with all three risk scores must be obtained. This report can be pulled by Mendes Group LLC; there is a fee for us to pull your credit. We have provided free web sites where you are able to pull your credit for free. Click here for the free web sites. - Complete Buyer Pre-Qualification Worksheet (Form 103). - Two Years of Income verification ( W2 ) Self- employed Ok and 30 Days of most common pay stubs -Copy of Photo identification (Drivers License) Mendes Group will notify you either; Letter of Intent (pre-approval) or Denial Information to the fax number provided on Buyer Pre-Qualification Sheet. We can have you approved in less than 5 Business Days. We are a Real Estate Solution Company.
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Owner Finance Program 
