Frequently Asked Questions |
Question [Housing]
How quickly can I get into a Rent-to-Own home?
Answer
The option to Rent-to-Own is a benefit or privilege that you eventually work yourself into. Yes, it is one of the benefits of our program, but you have to meet specific eligibility requirements before you can take advantage of this benefit. You must have a specific credit score. You must have a specific amount of money saved. You must demonstrate a strong work ethic and ability to follow a budget before becoming eligible for a Rent-to-Own home.
In order to participate in a Rent-to-Own, we have to process your application, setup your backoffice and start the consultation series to determine your eligibility.
There are three steps to the enrollment process.
step (1) pre-enrollment interview.
step (2) collection of information.
step (3) execute the Electronic Enrollment Documentation (agreements).
After completing these steps you are considered participant of the program and are now eligible for your first several consultations. In these consultations we will review your credit, budget and personal situation. The Advising team will recommend a course of action specific to your situation that should move you forward in the program, toward home ownership, through a series of consultations.
At the natural point of progression through these consultations where specific credit, budgeting and savings criteria have been met, the participant will be eligible for the Rent-to-Own privilege.
These steps could take weeks, months or even years in some cases. Each family is different and unique and the speed at which you can secure a Rent-to-Own is really controlled by you and your situation. It would be silly to think you can simply fill out some paperwork and move into a Rent-to-Own. That is not realistic in any way.
We consider the option to Rent-to-Own a property to be a privilege. It is a benefit that you earn as you progress through a series of consultations. If you have a strong work ethic, a good attitude and the right expectations, a Rent-to-Own could be a future benefit you can enjoy.
How quickly can I get into a Rent-to-Own home?
Answer
The option to Rent-to-Own is a benefit or privilege that you eventually work yourself into. Yes, it is one of the benefits of our program, but you have to meet specific eligibility requirements before you can take advantage of this benefit. You must have a specific credit score. You must have a specific amount of money saved. You must demonstrate a strong work ethic and ability to follow a budget before becoming eligible for a Rent-to-Own home.
In order to participate in a Rent-to-Own, we have to process your application, setup your backoffice and start the consultation series to determine your eligibility.
There are three steps to the enrollment process.
step (1) pre-enrollment interview.
step (2) collection of information.
step (3) execute the Electronic Enrollment Documentation (agreements).
After completing these steps you are considered participant of the program and are now eligible for your first several consultations. In these consultations we will review your credit, budget and personal situation. The Advising team will recommend a course of action specific to your situation that should move you forward in the program, toward home ownership, through a series of consultations.
At the natural point of progression through these consultations where specific credit, budgeting and savings criteria have been met, the participant will be eligible for the Rent-to-Own privilege.
These steps could take weeks, months or even years in some cases. Each family is different and unique and the speed at which you can secure a Rent-to-Own is really controlled by you and your situation. It would be silly to think you can simply fill out some paperwork and move into a Rent-to-Own. That is not realistic in any way.
We consider the option to Rent-to-Own a property to be a privilege. It is a benefit that you earn as you progress through a series of consultations. If you have a strong work ethic, a good attitude and the right expectations, a Rent-to-Own could be a future benefit you can enjoy.
Question [Housing]
How does someone become eligible for enrollment into the housing program? What are the pre-enrollment steps?
Answer
Here are the three basic steps that a candidate must complete to complete the enrollment into the program.
Step (1) Contact our Advising team to start the process. click here to complete the online form and request that we contact you.
Step (2) The Advising team will ask you to review the following pages on our website.
An applicant must watch all the video presentations and read all available information on each of these pages before being eligible to enroll.
Step (3) Once you have reviewed the website thoroughly and familiarized yourself with those specific topics, the Advising team will conduct an enrollment interview. This interview is designed to ensure the applicant has actually followed our instructions and reviewed the website and specific topics suggested.
If you do not pass the pre-enrollment phone interview, you must go back to the website and review the information on each page and study the information until you reach a point at which you can competently explain how the advising and gfc savings programs both work.
How does someone become eligible for enrollment into the housing program? What are the pre-enrollment steps?
Answer
Here are the three basic steps that a candidate must complete to complete the enrollment into the program.
Step (1) Contact our Advising team to start the process. click here to complete the online form and request that we contact you.
Step (2) The Advising team will ask you to review the following pages on our website.
- click here to review the video testimonies.
- click here to review the benefits of home ownership.
- click here to review the benefits of our advising system.
- click here to review the benefits of our gfc savings program.
An applicant must watch all the video presentations and read all available information on each of these pages before being eligible to enroll.
Step (3) Once you have reviewed the website thoroughly and familiarized yourself with those specific topics, the Advising team will conduct an enrollment interview. This interview is designed to ensure the applicant has actually followed our instructions and reviewed the website and specific topics suggested.
If you do not pass the pre-enrollment phone interview, you must go back to the website and review the information on each page and study the information until you reach a point at which you can competently explain how the advising and gfc savings programs both work.
Question [Housing]
What are the exact steps taken during the enrollment?
Answer
What are the exact steps taken during the enrollment?
Answer
- We collect your personal information over the phone and feed it into the electronic system.
- You will receive an email from from Authentisign (by instanet solutions).
- The header of this email will read "Authentisign Invitation to Review & Sign Documents".
- The email will contain instructions and links to begin the signing process.
- Review all the pages and complete the signing process.
- Send a text message to the Advisor listed in the Authentisign email and let them know that you've completed the signing process.
- Send a 2nd text message to your Advisor and include the date you want the egfc of $500 to be debited from your banking institution.
- Check your banking institution within five (5) business days from the date you gave us.
- Send a text message to your Advisor letting them know when the $500 has been withdrawn from your account.
- You and your Advisor will coordinate by text on dates for your first several consultations which typically occur 5 to 7 business days from the date you notify us that the $500 debit was successfully withdrawn.
Question [Housing]
What has to be signed or executed in the Electronic Enrollment Documentation (EED)?
Answer
The EED will include, but not be limited to the following documentation.
The EED is sent electronically to the candidates personal email address for review prior to executing.
What has to be signed or executed in the Electronic Enrollment Documentation (EED)?
Answer
The EED will include, but not be limited to the following documentation.
- Electronic Application
- ACH debit agreement
- Ownership Benefits
- Advising Program Benefits
- gfc Program Benefits
- Housing Program Disclosures
- Sourcing Agreement
- Personal Conduct Agreement
The EED is sent electronically to the candidates personal email address for review prior to executing.
Question [Housing]
How is the Advising System considered free if we have to pay money into the gfc savings program?
Answer
The proceeds paid into the gfc savings program are accounted for when you complete the program. to the participant through up to seven different transactional funding methods or (tfm)s. (click here) to review the details on how the (tfm)s produce funding benefits that are equal to or greater than the balance of your gfc savings program.
The reconciliation process will result in funding benefits that exceed what you saved in the gfc savings program. If you get more than what you put in, then all the time and energy spent in the consultations cost you nothing.
This is how and why we claim that our program and the Advising System is FREE.
How is the Advising System considered free if we have to pay money into the gfc savings program?
Answer
The proceeds paid into the gfc savings program are accounted for when you complete the program. to the participant through up to seven different transactional funding methods or (tfm)s. (click here) to review the details on how the (tfm)s produce funding benefits that are equal to or greater than the balance of your gfc savings program.
The reconciliation process will result in funding benefits that exceed what you saved in the gfc savings program. If you get more than what you put in, then all the time and energy spent in the consultations cost you nothing.
This is how and why we claim that our program and the Advising System is FREE.
Question [Housing]
Can I enroll into the program if I don't have the $500 egfc? Can I get started and pay later?
Answer
The enrollment gfc or egfc of $500 must be paid prior to initiating any consultations. It's impossible to start the program unless you start the consultations. The first consultation is not scheduled until 5 to 7 business days after the egfc payment of $500 has been successfully deducted from your bank account.
Can I enroll into the program if I don't have the $500 egfc? Can I get started and pay later?
Answer
The enrollment gfc or egfc of $500 must be paid prior to initiating any consultations. It's impossible to start the program unless you start the consultations. The first consultation is not scheduled until 5 to 7 business days after the egfc payment of $500 has been successfully deducted from your bank account.
Question [Housing]
Why can't I save money on my own? Why do I have to pay into the gfc savings program?
Answer
We will complete a budget together in one of the first few consultations you have with our advising team. We actually require you to save money in your own account and pay into the gfc savings program. (click here) to review more on this topic.
The only way to ensure success is to create accountability by giving you something to lose, as explained in the gfc savings program explanation (click here).
In order for you to “participate” in our programs you must have your “money” as collateral. In order to hold you accountable you must commit your money and it must be a significant enough amount to keep you motivated to continue with the process and see it through.
Payments made to the Foundation (gfc payments) are not refundable. That means that you have something to lose if you don’t do what you are supposed to do to complete the program. By requiring you to fund $10,000 (over-time) we have a mechanism to keep you engaged. You stand to lose a substantial amount of your money should you fail to complete the process.
Why would you fail? Failure isn’t a result of doing the work. Failure is a by-product of laziness, impatience, poor work-ethic or unrealistic expectations. You can succeed with our help. We will provide the knowledge and guidance. You need to have realistic expectations, a strong work-ethic, a humble willingness to let someone else guide you, a positive attitude, and a determination to get it done, no-matter-what.
If you can't or don't want to put your money up as collateral then you will NOT be able to participate in the program. See the answer to the next question.
Why can't I save money on my own? Why do I have to pay into the gfc savings program?
Answer
We will complete a budget together in one of the first few consultations you have with our advising team. We actually require you to save money in your own account and pay into the gfc savings program. (click here) to review more on this topic.
The only way to ensure success is to create accountability by giving you something to lose, as explained in the gfc savings program explanation (click here).
In order for you to “participate” in our programs you must have your “money” as collateral. In order to hold you accountable you must commit your money and it must be a significant enough amount to keep you motivated to continue with the process and see it through.
Payments made to the Foundation (gfc payments) are not refundable. That means that you have something to lose if you don’t do what you are supposed to do to complete the program. By requiring you to fund $10,000 (over-time) we have a mechanism to keep you engaged. You stand to lose a substantial amount of your money should you fail to complete the process.
Why would you fail? Failure isn’t a result of doing the work. Failure is a by-product of laziness, impatience, poor work-ethic or unrealistic expectations. You can succeed with our help. We will provide the knowledge and guidance. You need to have realistic expectations, a strong work-ethic, a humble willingness to let someone else guide you, a positive attitude, and a determination to get it done, no-matter-what.
If you can't or don't want to put your money up as collateral then you will NOT be able to participate in the program. See the answer to the next question.
Question [Housing]
If I enroll into the program am I forced to make payments to the Foundation?
Answer
You might think that it is nearly impossible to save $10,000, and rarely does anybody have that amount at one time. With our program, we take the slow and steady approach. You do not need to have $10,000 upfront or all at one time. Together, we will build a custom payment plan based on your budget.
We begin with $500 when you start the program. Your first several consultations with our advising team will include (1) a tour of your backoffice where everything is tracked, (2) a discussion on how to complete a budget and (3) a look at your credit profile.
During the budgeting consultation, we examine your income and expenses.
Hopefully, your income is greater than your expenses, and you have a positive differential. It’s positive because you have more income each month than you do expenses. This is the source from which we create your payment plan. If your income is say, $3,000 a month and your expenses total $2,000 a month. This means you have $1,000 a month to work with.
If your expenses exceed your income then you are living beyond your means and you have a negative differential. We help you turn that negative into a positive differential.
We use the positive differential to address paying off debts that you may have.
When debt is not in the picture, we deploy two types of savings strategies.
Saving strategy #1 is a monthly commitment to making gfc payments.
We will track and report gfc payments in your backoffice, so you always know exactly where you are in the savings process.
Saving strategy #2 is a commitment to making payments into a savings account at your bank.
Every so often we will ask that you provide bank statements showing the balance of your personal savings account. The balance should be increasing at about the same rate and amount as the gfc savings balance.
Together, these two savings strategies will get you where you need to be to qualify for a mortgage.
By the way, a positive by-product of this plan is that over-time you become conditioned to save your money.
After you complete the purchase of your home, we highly encourage you to continue saving money. We even offer advanced savings strategies for future purchases of vehicles, investment properties and retirement.
If I enroll into the program am I forced to make payments to the Foundation?
Answer
You might think that it is nearly impossible to save $10,000, and rarely does anybody have that amount at one time. With our program, we take the slow and steady approach. You do not need to have $10,000 upfront or all at one time. Together, we will build a custom payment plan based on your budget.
We begin with $500 when you start the program. Your first several consultations with our advising team will include (1) a tour of your backoffice where everything is tracked, (2) a discussion on how to complete a budget and (3) a look at your credit profile.
During the budgeting consultation, we examine your income and expenses.
Hopefully, your income is greater than your expenses, and you have a positive differential. It’s positive because you have more income each month than you do expenses. This is the source from which we create your payment plan. If your income is say, $3,000 a month and your expenses total $2,000 a month. This means you have $1,000 a month to work with.
If your expenses exceed your income then you are living beyond your means and you have a negative differential. We help you turn that negative into a positive differential.
We use the positive differential to address paying off debts that you may have.
When debt is not in the picture, we deploy two types of savings strategies.
Saving strategy #1 is a monthly commitment to making gfc payments.
We will track and report gfc payments in your backoffice, so you always know exactly where you are in the savings process.
Saving strategy #2 is a commitment to making payments into a savings account at your bank.
Every so often we will ask that you provide bank statements showing the balance of your personal savings account. The balance should be increasing at about the same rate and amount as the gfc savings balance.
Together, these two savings strategies will get you where you need to be to qualify for a mortgage.
By the way, a positive by-product of this plan is that over-time you become conditioned to save your money.
After you complete the purchase of your home, we highly encourage you to continue saving money. We even offer advanced savings strategies for future purchases of vehicles, investment properties and retirement.
Question [Housing]
Can I work with my own realtor or mortgage broker? One that is not part of your organization?
Answer
In most cases, working with an outside realtor or mortgage broker tends to complicate the process. Outside realtors or mortgage brokers are trained and paid by the companies they are tethered to. Their agenda rarely matches ours and for that reason alone, we typically do not allow them to work with our team.
Our program and all of its intricacies are foreign to them and would require time and energy to train them on our methods and strategies. If you are working with a realtor or mortgage broker and feel you can get the process done with them, then why are you coming to us for help? Pick one or the other. Us or them.
Can I work with my own realtor or mortgage broker? One that is not part of your organization?
Answer
In most cases, working with an outside realtor or mortgage broker tends to complicate the process. Outside realtors or mortgage brokers are trained and paid by the companies they are tethered to. Their agenda rarely matches ours and for that reason alone, we typically do not allow them to work with our team.
Our program and all of its intricacies are foreign to them and would require time and energy to train them on our methods and strategies. If you are working with a realtor or mortgage broker and feel you can get the process done with them, then why are you coming to us for help? Pick one or the other. Us or them.
Question [Housing]
Can I use my Veteran Administration Certificate (VA) in this program?
Answer
In most cases YES, you could use your VA certificate with the lender. The VA certificate gives veterans the option to finance 100% of the purchase price, whereas a normal borrower would be required to bring a down payment.
As a veteran you also have the option to add closing costs to the loan, whereas normal borrowers do not.
For example, let's say you are purchasing a property that is valued at $100,000. With the VA loan, you would have a mortgage of approximately $105,000 if you had your closing costs added to the loan.
That means your mortgage payment is going to be higher.
On the other hand, if you completed our program and purchased the same home, you would have a mortgage for approximately $90,000 because of the funding benefits our program offers.
You will still be required to pay $7,500 into the gfc savings program, whereas the typical program participant is required to pay $10,000.
Can I use my Veteran Administration Certificate (VA) in this program?
Answer
In most cases YES, you could use your VA certificate with the lender. The VA certificate gives veterans the option to finance 100% of the purchase price, whereas a normal borrower would be required to bring a down payment.
As a veteran you also have the option to add closing costs to the loan, whereas normal borrowers do not.
For example, let's say you are purchasing a property that is valued at $100,000. With the VA loan, you would have a mortgage of approximately $105,000 if you had your closing costs added to the loan.
That means your mortgage payment is going to be higher.
On the other hand, if you completed our program and purchased the same home, you would have a mortgage for approximately $90,000 because of the funding benefits our program offers.
You will still be required to pay $7,500 into the gfc savings program, whereas the typical program participant is required to pay $10,000.