Case Study : Suzie and Frank »

Meet Suzie and Frank.  Suzie was working at T.J. Maxx and Frank was a sewer contractor. They had two children and were renting a three bedroom apartment for $1,800 a month. Pets were not allowed, and the kids really wanted a dog.  Even with a combined income of $60,000 a year they had not been able to put any money into savings.  Their bank told them they needed a down payment of at least 3% to buy a house and also $5,000-$6,000 for closing costs. They thought they would never be able to buy a home and start building wealth for their family. Then they met Eric from WhyPayRent.com.  After sitting down with Suzie and Frank and discussing their dreams, Eric got them approved for a mortgage with 100% financing, including money for closing costs. Suzie and Frank could go house hunting without needing money at all! They immediately met with Judy from WhyPayRent.com to discuss the type of home they wanted and the towns they wanted to live in.  Judy told them about school systems, cultural activitiesand municipal services available in each of the towns.  They picked Union as the best town for them.  They chose a house, and Judy guided Suzie and Frank through the entire process, including contract negotiation, home inspection, attorney selection, and moving.  Less than 60 days after meeting with Eric, Suzie and Frank were enjoying their backyard from their deck. They are now living the American Dream and building wealth for their family with no money down...and looking for a puppy!

Case Study : Gail and Santo »

Meet Gail and Santo.  Gail was working as a bartender and Santo as a building contractor. They had two children and were renting a two bedroom apartment for $1,500 per month.  They had $25,000 in savings.  Both receive cash on their jobs and not all of their income was declared.  Recently, they had a home under contract but were unable to obtain a mortgage because of their credit score and the unreported income.  Gail and Santo met with Joe from WhyPayRent.com.  After reviewing their credit and income Joe was able to get a mortgage approval for $350,000 using a special no-income verification program for people with challenged credit. Gail and Santo were introduced to Mark, a Realtor from WhyPayRent.com. They were interested in the Cranford area, so Mark sat down with them and helped create a dream list of the things they wanted in a home. They searched for over a month and could not find the right home.  Then Marc called Gail with a home that had just come on the market.  It was exactly the house theywanted, so they made an offer.  Marc successfully negotiated the contract for them and introduced them to a local attorney.  Marc also helped set up the home inspection, mover, and home insurance.  In just thirty five days Gail and Santo were in their new home.

Case Study #2 : Maria and José  »

Meet Maria and José.  Maria worked as a waitress and cleaning woman while José was a self-employed landscaper.  They were living in a cramped two-bedroom apartment with their two children.  The school was more than two miles away.  They were paying $1,250 in monthly rent and not building any equity for their family’s future. They were both in cash businesses and were told that they could not qualify for a mortgage since they did not declare enough income. They thought they were stuck renting forever. Then they met Eric from WhyPayRent.com.  He sat down with Maria and José and thoroughly went thru their finances. After discussing their needs and desires, Eric was able to place them in a special no-income verification loan.  With this special mortgage product they were approved for a $300,000 mortgage.With a mortgage commitment in hand, a meeting was arranged with Nancy, a Realtor with extensive knowledge of the towns that Maria and José were interested in.  Soon they found the home of their dreams and Nancy successfully guided them through the offer and negotiation steps of the contract.  Nancy arranged for home inspections and also suggested a local attorney.  Thirty days later Maria and Jose used a mover Nancy recommended and spent the first day of the rest of their lives in a beautiful home of their own.  Maria and José have realized the American dream.  They are building wealth for their family rather than making their landlord wealthy…and now their kids can walk to school!

Case Study #4 : Katie and Mark  »

Meet Katie and Mark.  Katie was a second grade teacher and Mark a computer programmer.  Katie was earning $38,000 a year and Mark was earning $35,000.  They had no children and were paying $1,600 a month in rent.  They had been saving for a while to buy a home and their parents were willing to help them with a down payment.  They were told that they needed their own money and could not use a gift for a down payment so they continued renting and trying to save. They met Joe from WhyPayRent.com.   After sitting down with Katie and Mark, Joe was able to structure a mortgage where they could use gift funds from their parents to help with their down payment.  Katie and Mark were approved for loan of $336,000.Katie and Mark started the search for their new home with the help of Carol from WhyPayRent.com.  Carol is a Realtor with 20 years experience and a specialist in Union County where both Katie and Mark work.  After several weeks of refining their search they found the perfect house.  Carol presented the offer to purchase, and successfully negotiated for them.  Carol set up a home inspection and also arranged a meeting for them with a local attorney.  A month and a half later they were ready to close on their home.  With the help of the recommended attorney and an excellent mover Katie and Mark were able to realize the American Dream and start building wealth for their future.