TEAM MORRISSEY

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TEAM MORRISSEY

• RENT TO OWN
• EQUITY BUILDER
• PROGRAM

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Why Own Instead of Rent?

• Build Equity !!!
• Tax Savings !!!
• Build Your Credit !!!

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Who is suitable for a Rent-to-Own Program?

• Those with Poor Credit.
• Those without Downpayment Funds.

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TEAM MORRISSEYEQUITY BUILDER PROGRAMTO THE
RESCUE!!!

• Equity Builder Program helps you by building
  upon
• Your Credit Score
• Downpayment/Closing Cost Funds
• GET YOU INTO YOUR NEW PURCHASED HOME WHEN YOU ARE
  READY !!!

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HOW DOES THE EQUITY BUILDER PROGRAM WORK?

• 1. Players
• A. Tenant-Buyer (T/B)
• B. Landlord
• C. Lender
• D. Team Morrissey

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HOW DOES THE EQUITY BUILDER PROGRAM WORK?

• Tenant-Buyer
• Gets pre-qualified for a Mortgage thru a Team
  Morrissey approved FHA Lender.
• If not ready to buyCompletes the Team Morrissey
  Application Process.
• Finds a New Rental Home!
• gt DOESNT NEED TO BE A RENT-TO-OWN !!!
• Pays Rent and Builds Equity!

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HOW DOES THE EQUITY BUILDER PROGRAM WORK?

• Landlord
• Agrees to the Tenant-Buyer Application.
• Accepts Security Deposit and First Month Rent.
• Manages Property for Term of Lease.

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HOW DOES THE EQUITY BUILDER PROGRAM WORK?

• Lender
• 1. Pre-qualifies Tenant-Buyer for FHA
  Mortgage.
• 2. When Tenant-Buyer is READY TO
  BUYHandles Loan Process !

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HOW DOES THE EQUITY BUILDER PROGRAM WORK?

• Team Morrissey
• 1. Introduces T/B to FHA Lender.
• 2. Handles Credit Check Processing.
• 3. Sets T/B up with PRBC Credit Bureau!
• 4. Sends Monthly Statement to T/B on Rental
  Equity Buildup!
• 5. Closes Purchases of New Home!

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HOW DO I BUILD EQUITY ???

• For EVERY MONTH you pay rent on time, you receive
  up to 10 Equity Builder Credit towards the
  purchase of a new home!!!

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WHATS THE CATCH ???

• Upon Move-In
• Pay Security Deposit to Landlord
• Pay 2x the Rent Amount as an Option Fee to Team
  Morrissey.

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HOW MUCH EQUITY CAN I BUILD?

• Earn as MUCH as the
• Buyers Commission on
• YOUR
• NEW HOME!!!

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EXAMPLE

• Tenant/Buyer Moves-In
• T/B Pays 200.00 for Application Processing with
  Team Morrissey and a 2 Year Buyers Agency
  Agreement.
• T/B Pre-qualifies with Lender.
• T/B Finds a Rental at 1000.00/month.
• T/B Pays Security Deposit of 1000.00.
• T/B Pays Option Fee of 2000.00

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EXAMPLE

• Tenant/Buyer Earns While Renting
• 10 Equity Credit for every on-time rent payment!
• 1000/month x 10 100/month credit
• 100/credit x 24 months
• 2400.00 Equity Credits

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EXAMPLE

• Tenant/Buyer PreApproved for
• 160,000 Purchase of a New Home
• 2.0 Buyer Commission Earned
• 160,000 x 2.0 3200.00
• 2400 gt 3200
• FULL CREDIT EARNED !!!

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EXAMPLE

• Tenant/Buyer at Closing Receives
• Security Deposit 1000
• Option Fee 2000
• Equity Credits 2400
• TOTAL 5400
• ALL FOR PURCHASE!!!

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SUMMARY

• You dont need to find a Landlord to setup a
  Rent-to-Own Program!!!
• Build YOUR CREDIT SCORE thru PRBC !
• Cut CONFUSION OF HOMEOWNERSHIP!
• MAKE YOUR RENT DOLLARS WORK FOR YOU!!!!

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QUESTIONS ???

• Call Team Morrissey at
• [phone]
• Check out Website
• www.getteammorrissey.com
• E-mail
• seanmorrissey_at_kw.com