Real Estate Agent Friendly Approach
- Seek to keep Real Estate Agent commissions whole
- Maintain speed of real estate process
- Home Sale/Purchase is deferred only temporarily, and switched to a lease while bank mortgage rates are high
- Allows your home Buyer/Seller client to explore a smart financial alternative
- Bring a home that is differentiated with a unique financial feature
- Encourage legal reps to confirm full terms that protect any downstream unplanned events
Why Now
- Mortgage rates have climbed above real estate appreciation rates, making it more cost effective to “rent the home” versus to “rent the bank’s money” to own the home
- As a result, real estate residential market has slowed significantly (25 year low)
- Clients are increasingly gravitating to traditional Rentals but have to forego home equity
‘Rent My Mortgage’ Collaboration with RE Agents
- Work with Real Estate agents to convert the home Sale to a Lease
- Work with Buyer/Seller Legal representatives on commercial terms
- Provide Leasing documents tailored for this approach