HomeSaver
Program
Referral mortgage, Inc.
offers a HomeSaver Program for homeowners in Colorado only who have
late payment problems or are facing foreclosure, yet wish to stay in their
home. If you cannot get
refinancing due to bad credit rating, bankruptcy, facing foreclosure, or
slow payment history this program is a solution for you.
The program pays you 100%
of your home’s appraised value. You
lease your home back for up to five years.
Your HomeSaver monthly payment could be substantially less than
your current mortgage payments. You
have the option to repurchase your home when you get back on your feet
financially. You are able to
share in any future home appreciation while in the program.
HomeSaver is designed to help you stay in your home and not lose
your dream of home ownership.
What do you need to do to
qualify for the HomeSaver Program?
-
Desire
to stay in your home
-
Maintain
your home properly and comply with the terms of the lease and option
agreement.
-
Be
able to make monthly payments that could be substantially less than
your current mortgage payments.
What Happens when you
decide to participate in the HomeSaver Program?
-
You
sign an agreement to sell us your house for its full, independently
appraised, value.
-
When
we purchase your home you sign both a lease and option agreement.
-
The
option agreement guarantees you a 5-year period during which you can
repurchase your home.
-
Your
transaction takes between 3-6 weeks to complete, so it is best to
start as soon as possible. Timing
is very important. Don’t
wait too long or we may not have enough time to arrange to purchase
your home.
-
No
Credit Checks
Our HomeSaver Program
specializes in giving GOOD people, to whom BAD things have happened, a
second chance and time to “get back on their feet” financially.
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