Mortgage Wiz is the next step for your Path
To Home Ownership® clients.
We have found a nationally connected broker who understands who we
are, what we do and why we do it. Why? Because he is also an
investor who does rentals and Lease-Options and knows what it takes
to get folks with challenged credit through the process to the
promised land of a new loan. For leads and clients you can submit
your clients now and get the ball rolling or you can enroll them
into a coaching program wherein our MortgageWiz™
will take them step-by-painstaking-step through the proper process
of getting them approved for a loan.
Learn how to set up your membership clients for
mortgage and home ownership success. Below
is a video of a session with our MortgageWiz™
as part of our Sunday Night
Tenant-Buyer “Pre” Pre-approval
What is it?
Investors/Sellers doing Lease
Options/Seller Financing want to
know IF and WHEN their
“Tenant-Buyers” will be able to get
a mortgage and
then purchase the home outright from
Our consulting service looks at
almost all of the same data a
licensed mortgage loan
originator looks at when giving a
pre-approval for a loan today.
Most clients cannot qualify for a
home loan today, hence the need for
a Lease Option/Seller Financed deal,
but want to know when they can get
financing down the road, how long it
will take, and what needs to get
done to get there.
is NOT a true mortgage application
or pre-approval and NEVER a
guarantee as there are WAY too many
factors that can change, are outside
of our control, and in the control
of the Tenant-Buyers as well. It is
a analysis of current data and mortgage rules
and guidelines and a game plan of
what to do as well as carefully
estimated timeline of how long it
may take to potentially qualify
based on those rules/guidelines.
Anyone who is unable to obtain a
home loan today but wants to get
into a home of their own now and may
qualify for a Rent to Own/Lease
Option or Agreement for Deed
(Contract for Deed/Land Contract...
aka Seller Financing).
Any Real Estate Investors who want
to run a professional business
giving their Tenant-Buyers the most
accurate guidance and help so they
will actually be able to get a home
loan in the near future.
Any Investors or Sellers who want to
be certain their Tenant-Buyers have
the ability to repay.
is it needed?
Because most people who cannot get a
loan have no idea exactly why or
more importantly how to get to the
point of qualifying. The home seller
or investors typically have no idea
either unless they are active in
the mortgage business.
It’s important that the Tenant-Buyer
has a realistic chance of qualifying
for the loan and that the timeframe
for the Option to Buy matches
accordingly. This is obviously
important for the Tenant-Buyer to
not loose their upfront deposit,
equity/rent credits and the home
itself but also for the
Investor/Seller to get the property
sold and the resulting profit as
well as the industry as a whole!
These are win-win deals when they
Without knowing exactly ALL the
reasons they can’t get a loan today,
why, what to change, and how to
change it, plus the timeframe that
takes, it most likely won’t get
done, which results in unhappy
clients, potentially lost profit for
the Investor/Seller, possible
damaged reputation for the
Investor/business and maybe even
litigation, plus an overall
tarnished image for this industry.
ALL Seller Financed transactions
(and some say even Lease Options)
require proof of ATR “Ability to
Repay” per Dodd-Frank rules and laws
after the first 1-3 IF
qualified. While this particular
service is NOT originating a loan
for anyone, it IS taking all the
necessary steps to review Debt to
Income ratios and Ability to Repay
per current mortgage standards.
It’s smart to outsource this to the
professionals who truly understand
and work in this area. Then we can
ALSO get them a mortgage once
they qualify through our MortgageWiz team.
Because it’s in the best interest of
ALL parties involved in the
transaction and most “normal” home
buyers and home sellers and even
investors have NO TRUE knowledge of
how mortgages work
or all the rules, guidelines and associated
pitfalls today. Plus,
even normal “loan officers/mortgage originators”
typically are very unfamiliar with
how Lease Options/Seller Financing
works and the specific rules that go
along with all of that. They don’t
normally deal with it, care about it
nor understand it.
When is it needed?
Right away... BEFORE any contracts
are signed to Lease or Buy the home
and move in. Why? Well, what if
someone is given an “option to buy
timeframe” of 1 year and after
careful review from a mortgage professional
familiar with Lease Options/Seller
Financing, they realize due to
various factors, there is NO WAY
they will qualify for at least 2-3
years and therefore a future
“disaster” would be headed towards
the Tenant-Buyer and the
Investor/Seller simply because they
didn’t know any better.
Step 1 is to make sure the
Tenant-Buyer passes the
“background/eviction checks” and
they are OK with that info that is
done by a professional screening
company. Then, as long as they are
OK with that, Step 2 is our “Pre”
Pre-approval Consulting services to
focus on the mortgage process
does the process work?
The Investor/Seller sends an email
template to the Tenant-Buyer to
complete a web-form.
Tenant-Buyer completes web-form
answering general questions about
finances, credit and if they have a
current credit report and rental
application they are able to share.
No social security or DOB or private
info is asked for.
They will also need to either upload
to this web-form the credit report &
rental application they obtained
from a 3rd party they already
completed. If they haven’t done this
yet, we’ll suggest a trusted
resource to do this for them and
then collect the info from them
Next they will upload to the same
web-form their income and asset
documents (most recent 30-day or
60-days’ worth of paystubs and bank
statements and last 2 year’s W2’s.
Taxes are required IF they are
self-employed or own any real
estate). IF they gave that info
already to a 3rd party screening
service, we also collect that once
we get their emailed “approval to
Investor/Seller pays the
Tenant-Buyer Consulting Fee via our
website if they haven’t already.
Once ALL income/asset and credit
report documents are uploaded (or
emailed if necessary), they are
given a link to use our online
scheduling system to book a time
with our team 24 to 48 hours after
team member calls them after
reviewing ALL of their info and goes
over any questions with them
pertaining to employment, credit,
income, assets, down payment/option
deposit, etc. to make sure we are
able to fully complete our paperwork
(our “33-point Tenant-Buyer
Checklist” and the “Before & After
then complete the paperwork and
email a copy of the 33-point
Tenant-Buyer Checklist to the
Investor/Seller and then email the
Before & After Snapshot to both the
Tenant-Buyer to sign and date
they’ve received it and understand
our recommendations as well as the
Investor/Seller for their records.
The Tenant-Buyers are given FREE
access to our online home buying
course “Home Buyer Roadmap” (a
$97.00 value) and the Home Buyer
Roadmap Facebook group. The course
contains over 50 videos, 14
downloads and a quiz at the end to
give them ALL the details of the
home buying process.
set up the Tenant-Buyers with a
trusted credit repair team (unless
the Investor/Seller has one they
prefer to work with right now).
Once the whole process is complete,
our team will stay in contact with
the Tenant-Buyer throughout the
Lease Option/Seller Financing period
helping answer their questions, give
them guidance and tips, and even
help them get their mortgage when
they are “mortgage-ready”
(or possibly refer to another
trusted Loan Originator in our
are we working with?
Sellers, coaches and Real Estate
Investor Pro's around the country
and their clients, students or
Connect your clients
to a true Path To Home Ownership®
with a mortgage broker that
understands who we are and what we
do. Your client may be ready for a
mortgage or may just be getting
started or somewhere in between.
Let’s consult and we’ll advise the
right path for your client right