If your past credit problems were due to a lack of income, this blog post may help you if you are wanting to earn more money to save up for your down payment that banks typically require.
Here are some tips you can use right now:
- First: Reduce any wasteful expenses that you've been overlooking. A great website to use to form a budget, review your current expenses, and quickly see where you can cut costs is Mint.com. It's free and very easy to use. Probably one of the best budget, income and review sites we've ever seen for free.
- Second, increase your income by creating side jobs where you can use the earnings specifically to be saved for your future bank-required down payment. If you have decent writing skills, you may want to work for large companies that are searching for folks wanting to write for them from home here.
- If you are the creative type and like things like photography, check out this site.
- And for other job listings, you can click here to find work that you would enjoy without paying any fees to join.
We hope that's helpful,
Russell & Diana de la Peña
P.s. When you buy our property, "Rent to Own," you won't need the larger down payments that banks require right away. You'll simply need your Option Assignment Fee which we charge you so that you do not have to have credit checks, protect the home owners, and still have apply towards the purchase of your new home when the time comes. Typically, you'll have 1-3 years to save up for the larger down payment, but you'll have already chipped away at it significantly from the start.