Mortgage loans - Renters' question and answer

Hi Mark,

Can you tell me a little about yourself and your business and perhaps address some of the concerns renters may have about qualifying for a mortgage loan? What should they do to get themselves in the best position to qualify for a loan?

My Company is Assurance Banc Corp and we are located in Dublin, Ohio. We have been in business for 5.5 Years and I personally have 18 years in the mortgage industry.

We founded Assurance Banc Corp to make the borrowing process as simple as possible, provide honest and ethical advice and offer competitive rates and fees. We lend in Ohio and Florida and can handle the Purchase or Refinance of your Primary Residence and/or Rental Property.

We have numerous programs for first time home buyers that can accomodate:
* Less than Perfect Credit
* 0 % Down Payment Programs
* Stated Income for appropriate borrower who may not be able to verify all their income by conventional measures.

To your other question, we have found that many renters have been renting much longer than they may have intended. Many of the above mentioned items make them believe they cannot or may not qualify for a mortgage. We can gather information and evaluate if purchasing a home is in your best interest and in many circumstances they can have a mortgage payment similiar to what they are paying for rent.

The other pitfall that we see are renters not planning in advance to purchase a home and what is required. It is wise to allow us to process your application and determine what credit issues need addressed, what price range your budget will allow and what funds if any you may need to borrow.

I hope I answered your questions and please reply if you have additional concerns or call Mark Decello toll free at 866-997-7283

I was wondering what renters should do to start preparing for buying a house and when they should start doing such things?