What is Families First - Generational Legacy Program?
"A methodology to help our clients build a legacy of generational family wealth that benefits the entire family tree"
• Co-buying with a close friend or family member can increase your chances of approval and provide more options when it comes to purchasing power.
• You can leverage their credit history, consistent work history, capacity, or income to help boost your own.
• Jump-start a pattern of generational wealth that benefits all parties.
• Joining forces in buying could be the answer to overcoming the struggles of self-employment, unpredictable income, business expenses, or cash flow issues, just to name a few!
• It can also circumvent challenges related to documentation requirements
• Why buy a home solo when you can team up and make the dream work? Co-buying your dream home means you can score lower interest rates, speedier loan approvals, and join forces with a property partner. Plus, you can flex your investment muscles and build some serious wealth.
More about this program......
Afraid to ask those nagging questions?
• Don't be disheartened by a "NO" when asking for help! It's common for folks to feel caught off guard and hesitant initially, but don't give up. With a bit of time and clear communication, that "no" can magically transform into a triumphant "YES!"
• Money troubles can be a real deal-breaker in relationships, but here's the twist: co-borrowing can actually be a lifesaver! Not only can it lighten the load, but it can actually tighten the bond between you and your mortgage partner.
• Tag-teaming with family members when co-borrowing spreads out the financial load, making it a breeze for everyone!
• When it comes to co-borrowing, the key credit score used is the lowest mid score. The ultimate objective is to leverage this additional income to meet the qualifying criteria.
• Get ready to high-five your co-borrower! By joining forces, their credit status will take on a powerful ally in the form of this extra debt, boosting their credit status up the charts.
• Sharing the roof with a buddy can be a blast, but things can get a tad tricky if one of you wants to spread their wings and fly solo. Luckily, refinancing can save the day by giving the co-borrower a clean break, allowing them to focus on their future home sweet home. With their new credit profile & renewed savings from sharing the load, this should be an easy adventure.