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Financing & Peer-to-Peer lending
For the past 4 years in Northwest Arkansas and Southwest Missouri, The Real Estate Company, L.L.C. have been pioneers in the home ownershiprevolution. Today, in our 5 midwest markets, we have helped over 400 new buyers reach the American dream of home ownership! The Real Estate Company, L.L.C., is proud to be the first brokerage in the United States to present Peer-to-Peer lending for the purpose of buying a home.
In today's world, most people think of the traditional banking system as the only place to obtain financing for their next home. While it's true that banks are a primary source of lending for real-estate, they're not the only source - far from it! We specialize in peer-to-peer lending as it pertains to residential home lending.
Here is what we offer in select markets:
- Bank rates without the bank headaches
- No mortgage insurance required - save BIG ( click for more.. )
- Absolutely NO realtor fees ( click for more.. )
- LOW down payment - always less than 2% of the price
- NO adjustable rates or balloon - 30 year fixed rate
- NO closing costs ( click for more.. )
- LOW credit OK - credit restoration services while you live in your new home
- Loan is supported by a national loan servicing company
All with NO fear, NO hassle and NO run-around!
Even if you have excellent credit just imagine all the money you'll save if you don't have to pay realtor fees, closing costs or mortgage insurance!
Call 417-207-0334 or e-mail bill.strong@gowithgreenleaf.com and close in as little as 24 hours on your new home!
If you'd like to get pre-approved for a new home, please visit our online pre-approval form - it's safe, fast and free!
Never Pay High Mortgage Insurance (PMI) Rates Again!
One of the key features of financing with the program that we've developed is that it does not require borrowers to pay the high cost of mortgage insurance on their new home loan. In the traditional lending world, each time a borrower obtains a mortgage for 80% or more of the value of their new home they are required to pay for mortgage insurance.
Mortgage insurance never benefits the borrower; only the lender or bank. If the borrower defaults, the insurance company pays the lender. Yet, the borrower is the one stuck with the tab, often times exceeding several hundreds of dollars each month.
As traditional lenders and banks made poor or ill advised loans in the past, and those loans defaulted, the rates to everyone else went up. Mortgage insurance rates today cost borrowers more money than ever.
The more you borrow, the more you pay
Figure 1.1 graphically shows the effect that PMI has on buying power over the lifetime of a 30 year mortgage in the amount of $180,000.00 originating in November of 2007 at 7.0% interest. The actual combined cost for the loan (with PMI) is approximately $539,116.00. Without PMI, that amount drops to $431,116.00. A total savings of $108,000 over the life of the loan.
Figure 1.1
When you see it broken into pieces, it becomes more than apparent that anything you can do to get past paying PMI can only help your financial situation over the term of the mortgage. In the above case, the PMI cost works out to approximately $300.00 per month.
It's smart money management!
No Closing Costs
The approximate average closing cost in the US is $3,350.00 -- Bankrate.com
Anyone that's ever sat at a closing table can attest to the bewildering array of charges that they have to pay before they leave the closing table and take ownership of their new home. There are application fees, administration fees and the ever confusing funding fee. Add to this a large group of expenses related to pest control, flooding and other things that may, or may not apply to your situation. Regardless, most new home buyers will part with the money because the emotion of homeownership has a tendency to push common sense questions to the back burner. To most people, they feel that the cost is worth the reward they receive -- home ownership. They don't want to jeopardize the deal by asking too many questions.
One of the larger fees at most closings is related to title insurance. Most people don't realize that title insurance is a relic of a by-gone era that's rarely needed in the digital age. ( Inside America's Richest Insurance Racket )
The bottom line is if you can get around paying these fees, it leaves more money for your retirement, or merely to buy new drapes and furnishings for your new home.
Again, it's just smart money management.
No Realtor Fees
Most buyer's don't really think too much about the cost of real-estate professionals handling their sale. They realize that it's predominantly the responsibility of the seller to pay the commission fees. While it is true that the seller is the one footing the bill at closing, the buyer may be paying for that additional cost in the form of a higher home price and mortgage cost.
Conclusion
It really doesn't matter how you slice it. Peer-to-Peer lending is the easiest, most cost effective way for the average person to attain homeownership without the huge outlays up front. Make an investment in your future today!
Simply a BETTER way to buy a home!
