How Can Stay at Home Moms Make Money From Day Trading Stock Picks

Any stay at home mom who wants to make money online can avail themselves of the lucrative business opportunity of day trading stock picks which can easily help them to earn at least $500 a day without any need for advertising, warehousing and selling any physical goods or services. I know you desire to figure out how can stay at home moms make money online? Here is an easy-to-follow method you can use to make enough money to pay for your dream car or fund your children college education without sweat.

If you seriously want to make a regular and consistent income daily then day trading stock pick is what you should be doing now. Do not waste your time on those get rich quick schemes you see around. This is how you are going to be making money online from today. Imagine yourself sitting in front of your home PC or laptop on a cool Monday morning with your glass of orange juice beside you. The stock market opens in 25 minutes and you put on your PC or laptop. You instruct your stock trading robot to scan the database of penny stocks and after some minutes, the robot beeps and alerts you of potential profit-pulling stocks you should trade.

This is the type of business recommended for every stay at home mom to make huge money online. On this typical Monday morning, your robot has given you an order to buy Stock A for $0.13 and you quickly buy 10,000 shares of Stock A for $1,300 and you log out within a period of 10 minutes and go about your daily household chores. The next morning, you log on again and the robot instructs you to sell Stock A for $0.46 and you quickly contact your online brokerage firm and you sell all 10,000 shares. Can you imagine the amount of money you have made? Get out your calculator out now! You have made $3,300 within a period of 24 hours.

This is the kind of situation you will be faced with from today if you decide to throw away all those difficult and time-wasting chores you call business. Join the number of successful British and American stay at home moms that have discovered this easy-to-do home based business.

Truth is, on the penny stock market, stocks swing in price very fast. You will observe that stocks trading at $0.12 today may skyrocket to $0.54 the next day. This kind of price movement is not unusual at all. It happens just like that every single day.

This is the best and easiest way every stay at home mom can make money online today. Day trading stock picks is one business you cannot afford to allow to pass you by. In a very short time, with $500 flowing into your account every day, you will say good bye to all your money worries. Your dream car or dream home will be within your reach in less than 60 days!


Budget Begins At Home!

"Mom, you don't need a L'Oreal hair dye, you look elegant with streaks of white here and there .." he grins and then takes a dig at his sister. "Stop her music classes, dad, at least we can stop hearing her morning brays ..! ". He is angry because his pocket money has been cut.

Dad was not happy with the previous month's happenings in the financial front at his home and he decided to set it right by setting up a budget and strictly enforcing it!

Dad decides on budgeting and plans minimize the expenses consciously by reducing expenses on groceries and other domestic expenses. All goes well till the end of the month when suddenly they have guests from a far off country. It was pitiable when the head of the family started counting the few notes again and again. He seeks help from his savior – the credit card.

"We will surely make it this month" dad says. Poor dad does not know that he would have to shell out a few notes for a wedding gift in a few days. The invitation was yet to come. Finally the family gives up and decides to face the expense as it comes.

The reason why they quit is they really don't know what budgeting is. There are many advantages in budgeting. Can anyone imagine the government or a major corporation operating without a budget? A budget is a guide to measure our financial progress. Before the credit cards came into use, we had the real money to deal with, and we could actually know what we were doing with the money. But now the improper usage of credit card may make us live beyond our means and get us knee deep into debts.

Budgets actually help us in meticulous planning of handling money and those cards and give us the extra money, which we need during times of emergency. We sleep better at nights not worrying about the tomorrow when we would have to meet "those" heavy expenses. The latest trend is to plan budget on how to reduce spending money. To spend less is to save more.

Set realistic goals, try to fit in the budget according to situations and update the budget as and when required. Let the budgeting process be a tool to spend less and save more!


Successful Elements to a Family’s Home Budget Or Budget Spreadsheet

The internet is a saturated jungle of home budget software ranging from the simple, to the very complex in functionally. To successfully navigate this maze of advertising mayhem, and walk away with the correct Home budget software or budget spreadsheet; you will need to carry with you, in the background of your mind as your search, those critical key elements that are vital in making your family’s home budgeting dreams come true! Key elements such as user-friendly interfaces, text and graphics with useful information, and useful supplemental add-ons.

The role of advertising!

P. T. Barnum, and American circus entertainer once said, “There’s a sucker born every minute”. Thou I, being part of the populace, and with mild embarrassment, would have had Barnum at that time in history spoken, “If given the right ploy, anyone can become a sucker!” In the days of Barnum, just as it is in today’s world, advertising’s ultimate goal is to turn, even the mildest curiosity, into a successful sale. And to that end, you the consumer is faced with barrage of advertising strategies, all geared for one thing. To remove from your wallet, as much money as possible.

Key elements in household budgeting & the consumer’s responsibility!

Element one – Your budget spreadsheet or home budget software should have a user-friendly interface. It should be flexibly and easy to understand in its operation. You should not need a degree in programming in order to use or understand it. Likewise, its working environment should be designed with you, the consumer in mind. You should not have to struggle to navigate from one section of your home budget to another. The screen’s layout should be easy to understand. Some programmers believe that more is better; and so to that end they have fatten up ever screen with excessive graphics and/or text that contains little or no useful information. Your home budget software will become an integrate part of the lives of your family. The using of it should not stress you out! If you want stress… have children!

Element two – Your budget spreadsheet or home budget software should provide you with useful information. It should be noted here that the function of a home budget is NOT just to formulate reports on monthly transactions. The function of a home budget is NOT Just to record income and expenses as they occur. Your family is not JUST about living or existing! What about dept management? What about your short and long term goals in life? Part of the totality of any home budget software is to deal with all of these issues. For, it is all of these issues that impact the way you live and the dreams you have about your future.

Your home budget software should aid you in the reaching your short and long term goals in life. If it does not, than you should not be using it. Likewise, your home budget software should provide you with useful information about your future projected bank balances. Elements that contain Information such as daily bank balances, your lowest weekly bank balance, and bank balance trends over time (charts). If you are going to budget out your expenses, then those projected expenses will (over time) affect your bank balance. These elements are paramount to any successful home budget. Without their implementation, your financial lifestyle will revolve somewhere between banquettes and begging! Your budget spreadsheet or home budget software should also provide a means of correcting deviations between projected and actual income and expenses. Unless you plan to record every little expense, then expect deviations between your project bank balance and your actual bank balance.

Element Three – Your budget spreadsheet or home budget software should provide you with useful secondary supplemental add-ons. Everybody loves the pop-up calendar and calculator; but what do they offer that you do not already have on your computer? Let us examine four types of add-ons that not only offer useful information, but also aid in the reaching of short and long term goals. They are savings, credit cards, charts, and Christmas.

Savings- If you are planning to go beyond a stagnant type of life style, then you will have to integrate into your financial picture some type of savings program. For it is savings over time that allow for the achievement of many short or long term goals (L.T.G.’s). This one particular element should be built into your home budget and allow for savings, all from one bank account.

Credit Cards– Even thou I am not a great advocate of credit cards, they do (if used correctly) allow a family to establish over time, a good credit history. In addition, in times of calamity, credit cards are a quick avenue of cash! When looking for a budget spreadsheet, look for a home budget that allows for the use and management of a least one credit card. In addition, your home budget should also give you the ability to swap out any projected budgeted transactions, for a credit card transaction.

Charts – One of the greatest advancements in computer technology as been the processor speed. Today it possible to chart just about any information; but that is not the same as saying that all charted information is of value to you, the user. When considering a budget spreadsheet or home budget software, ask yourself, “Will the charts provide useful information necessary for me in achieving my short and long term goals in life?” “If I stay on budget, will my bank balance fluctuate either up or down?” “Does my projected budget TRULY reflect by lifestyle?” These are important questions; and the answers will guide you in choosing the best home budget for you and your family.

Christmas – At first glance, one might not consider a section that deals with Christmas as being a useful secondary supplemental add-on. Yet, you might feel differently if you have to deal with items bought and then placed on lay-a-way, the correlation of expected income against actual purchases, and the keeping of a list of who gets what. A home budget software or budgeting spreadsheets that offer a section that deals with Christmas, can aid to making that time of year stress free.

So, let us pull it all together!

Putting aside all of the glossy advertising gimmicks, the flashy website “calls to action”, and the animated icons; sooner or later you will have to actually use your home budgeting software. Understanding role of key elements and the philosophy of budgeting (L.T.G.’s) will help you in having a successful home budget. Remember, your budgeting spreadsheet is not so much about the crunching of numbers, as it is about the helping you to bring into reality, the dreams of your life! So, as you face the jungle of home budgeting software, keep in mind the elements necessary to making your dreams come true!


Good News For First Time Home Buyers – Orange County is Now More Affordable!

According to the California Association of Realtors, the First-time Buyers Housing Affordability Index for California stood at 67 percent in the second quarter of 2009 compared with 49 percent (revised) in the second quarter of 2008. For California condos, that number is 70 percent. For the County of Orange, it is 53 percent.

So what does this mean? The higher the percentage, the more affordable it is for a home buyer to purchase a home. What these numbers are telling us is that 67 percent of households in California can now afford to purchase a home. And for Orange County, 53 percent of households are able to purchase an entry-level home.

The second quarter of 2009 brought in the following stats:

  • The median price of an entry-level home in California was $ 224,180;
  • The estimated monthly payment, including tax and insurance, was $ 1330. This assumes a 10 percent down payment and an interest rate of 4.92 percent; if your terms are different, the payment will vary;
  • The minimum household income needed to purchase an entry-level home in this price range was $ 39,930

What is interesting to note is that the minimum qualifying income was lower than last year when it was reported that a person needed a household income of $ 60,460 to qualify for a loan on an entry-level home. Interest rates are still low, as they were last year; however, with the decrease in home prices in Orange County overall, first time homebuyers are still able to buy a home now at good terms and great prices. The median income for the State of California is $ 61,030.

You may be wondering how this relates to Aliso Viejo Homes, Laguna Niguel Homes and Dana Point Homes. These are the areas that we have seen a lot of activity in first time home sales with people buying a home, getting great deals. For the beginning of November, 2009 there are 23 homes actively listed for sale in these cities with a maximum price of $ 225,000. Most of these are condos; however, there are a couple of single family residences as well.

This is incredible!

Add to this the just announced extension of the tax credit and you should start to wonder why you are waiting to buy a home in Orange County! First time homebuyers and investors alike should be able to see some interesting opportunities.


How Long Do I Need to Keep This? – A Guide to Receipts, Statements and Financial Clutter at Home

In most homes, paper causes clutter. And it seems to mysteriously multiply by itself. But just how long do you need to keep all those receipts, bank and credit card statements and other financial papers? Below is a handy In most homes, paper causes clutter. And it seems to mysteriously multiply by itself. But just how long do you need to keep all those receipts, bank and credit card statements and other financial papers? Below is a handy reference that you can use for dealing with your home paper trail.

Toss after One Month

ATM and bank deposit/withdrawal slips

  • keep in a file folder until monthly statement received
  • reconcile with your statement to ensure that charges and payments have been properly processed
  • if for major purchase with warranty, staple receipt to the owner’s manual and file for the term of the warranty
  • if for major purchase without warranty, keep receipt if item replacement cost is higher than the deductible on your homeowner’s insurance policy
  • if for minor purchase without warranty, shred

Cash purchase receipts

  • enter into your chequebook or computer software to ensure that you are accounting for all your purchases
  • if for major purchase with warranty, staple to the owner’s manual and file for the term of the warranty
  • if for major purchase without warranty, keep receipt if item replacement cost is higher than the deductible on your homeowner’s insurance policy
  • if for minor purchase without warranty, shred

Credit card receipts

  • keep in file until monthly statement received
  • reconcile with your statement to ensure charges and payments have been properly processed
  • if for major purchase with warranty, staple to the owner’s manual and file for the term of the warranty
  • if for major purchase without warranty, keep receipt if item replacement cost is higher than the deductible on your homeowner’s insurance policy
  • if for minor purchase without warranty, shred

Toss after One Calendar Year

  • Bank/Financial Institution monthly statements (unless needed for home business)
  • Brokerage/Mutual Fund Statements (Monthly/Quarterly)
    • reconcile with your annual statement
  • Credit card monthly statements
  • Credit reports

    • you should request your credit report annually to ensure that all information is accurate and up-to-date, especially with regard to accounts you have closed in the course of the year
    • requesting this file annually helps to prevent identity theft, so you can see who has requested the report and for what purpose
  • Monthly Mortgage Statements

    • reconcile with your annual statement
  • Pay stubs

    • shred after reconciling with your W-2 or 1099 (US) or T4 (Canada)
  • Telephone/Utility bills

Keep for 7-10 Years

  • Any T4 Forms – including T4E, etc. (Canada)
  • Annual Mortgage Statements
  • Supporting documentation (cancelled cheques/receipts/statements) for tax returns including but not limited to:
    • donations
    • retirement account contributions
    • child care receipts
    • alimony/child support paid or received
    • medical expenses
    • mortgage interest
    • property tax payments
  • W-2 or 1099 Forms (US)
  • Year End statements from Credit cards (if provided)
  • Year End statements from utility companies (if provided)

Keep Indefinitely

  • Adoption Records
  • Auto/Home/Life Insurance policy information
    • keep purchase records for as long as policy is in force
  • Automobile Records (ownership certificate/registration)

    • keep for as long as you own your vehicle
    • if annual registration required, keep only current registration paper
  • Birth Certificates
  • Business Income Tax returns, and supporting documentation, if self-employed
  • Death Certificate
  • Divorce Agreement/Child Custody Court Orders
  • Investment records clearly showing beneficiary information

    • purchase records
    • sales records
  • Marriage Certificate
  • Medical records
  • Immunization records to children
  • Military service records
  • Pension Plan records
  • Receipts for major home improvements/renovations
  • Receipts for major purchases that have long life expectancy (refrigerator, stove, freezer, vehicles)
  • Religious records
  • School/Education records
  • Tax Returns

    • In the US, the IRS has 3 years to from the date you file your tax return to examine your return for errors and up to 6 years to audit your return if they suspect that you have underreported your gross income by 25% or more. There is no statute of limitations on an audit when deliberate fraud is suspected.
    • In Canada, CRA advises you to keep your tax returns, Notices of Assessment, and all supporting documentation for 6 years from the date of filing your personal income tax return.
    • NOTE~I recommend keeping these indefinitely because they take up little space and can often be a valuable resource if there is any dispute over such things as income tax paid, child support/alimony paid or received and pension plan benefits.
  • Will and/or Power of Attorney

    • should be kept securely in a fire-proof home safe or safety deposit box at your financial institution
  • Year End Investment account summaries

Now what?

Now that you know what to keep, where are you supposed to put it all?

Set up a simple home filing system to cover the basics, and invest in a couple of sturdy cardboard or plastic filing boxes for the information you should keep log-term or indefinitely.

And a final caution – when you decide that you no longer need to keep certain documents, make sure you shred them and DO NOT put them in the general trash or recycling. Sensitive financial information or personal information should always be DESTROYED to avoid any chance of identity theft that could lead to headaches greater than you can imagine.


How Much Home Do I Qualify For?

There are a few things to consider when purchasing a home. Your household income, your current debt, and your personal budget should be at the top of this list when trying to find out what you are comfortable affording. Once you buy a home not only do you have a mortgage payment, but you also have property taxes, homeowners insurance, home owners association dues and mortgage insurance if applicable along with maintenance such as lawn care and repairs. Also home ownership means electric bills, gas bills, water bills, etc. This article is designed to give you a formula to not over extend yourself.

Most lenders will allow you to go up to 45% back end debt to income ratio. A back end ratio is your current debt that shows up on your credit report plus a housing expense to include principle, interest, taxes, insurances, and HOA dues. If your household income is $5,000 per month, the most you can qualify for is total expenses of $2250 per month. The other 55% is reserved for daily living expenses such as utilities and groceries.

If you currently have an automobile payment of $320 and credit card minimum payments of $400 along with a student loan that is $100 per month you would subtract this from your $2250 allowable for your back end ratio. This would leave you with $1430 per month for a housing expense. Now you would need to factor in the taxes, insurance, etc. Let’s use a common tax factor in Texas of 2.5% and let’s estimate homeowners insurance at $100 per month, mortgage insurance at $150 per month and HOA dues at $40 per month. On a $150,000 home your payment would be approx $800 per month for principle and interest. After taxes and insurance your total estimated payment would be $1402.50 per month. This would make your front end ratio 16% and your back end ratio 44%. You wouldn’t want to go much higher than and most lenders won’t allow it on conventional loans. Government loans such as FHA loans will allow for a higher debt to income ratio in some cases.

When purchasing a home keep this simple formula in mind. Monthly income multiplied by 45%. Then subtract your current debt on your credit report and the number you have is your total available for a housing expense. This doesn’t mean you need to max out your total available. Just keep in mind what you and your family are comfortable with and let your Realtor and Mortgage Lender know those numbers up front. The last thing you want to do it end up in a dream home you can’t afford or a dream home that causes you to make too many sacrifices in life. A home is a dwelling meant to provide shelter and a place to raise a family, nothing more nothing less. Once you make your decision and are pre-qualified through a lender present your real estate agent with your pre qualification letter and happy hunting.


Claiming a Home Improvement Tax Deduction

The approach of spring often encourages homeowners to start considering home improvements and repairs. However, before you start getting out the hammer and nails or hiring a contractor consider if your house improvements may be eligible for a home improvement tax deduction.

The first thing the homeowner must understand is the difference between a home improvement and a home repair. Simply put, a home repair is classified as fixing a problem. For example, repairing a hole in the roof, fixing a leak or repainting a room would be considered repairs. On the other hand, remodeling a kitchen, adding a couple of rooms, building a garage or installing a swimming pool would be classed as improvements. These improvements add to the living amenity of the home’s owners and usually add value to the home.

The Internal Revenue Service sets out strict guidelines on how a homeowner can claim a tax deduction for home improvements. It is strongly recommended that before you hire a contractor or start any improvement works that you obtain advice from you tax consultant or from the local office of the IRS.

Tax deductions can fall into any of several different categories. A medical condition that required providing disabled access to home would normally be classed as a home improvement.

There is a special tax deduction for victims of Hurricane Katrina. Consult with the IRS regarding the Katrina Emergency Tax Relief Act as it increases the permitted qualifying house improvement loans.

If you are planning improvements to an area of your home that is in need of repair you may be able to include the repair as an improvement. The Tax Act states that where a repair is carried out in the same area of the home that is being remodeled then the repair can be included as part of the remodeling project. So, if you are planning on remodeling your kitchen don’t forget to take care of the leaking pipes at the same time and claim the entire project as a deduction.

Tax Credits vs Tax Deduction

Tax credits can also provide significant savings to the homeowner. Whilst a tax deduction for home improvements can reduce the amount of income on which tax is payable, a tax credit directly reduces the tax itself. Tax credits are available for many types of home improvements. For example, installing insulation, adding energy-efficient windows, and some types of highly efficient equipment for cooling and heating, and solar water heating may all qualify for tax credits.


Want to File Your Tax Statements From Your Home? Doing It Over the Internet Is Legitimate Tax Advice

This tax advice ought to get any one thrilled. You have two different ways to achieve this: either use a commercial application or use HMRC’s absolutely free Self Assessment service. Be aware that a number of these computer programs are totally free whilst other people charge a payment. HMRC doesn’t have all the tax return forms on-line, so you may need third-party software programs.

Specifically What Does HMRC’s Free Online Tax Advice Service Handle?

HMRC allows submitting the Self Assessment Tax Return (SA100) on-line and it is absolutely free through the HMRC Self Assessment service. Here are a few forms you may send using the Web through HMRC’s Web service. These pages are for the main tax return:

• Self-employment

• Employment

• Partnership – this is to send your earnings as a partner

• Capital gains

• UK property

• Foreign

That’s about it as far as HMRC’s absolutely free Internet tax return services are concerned. For several other tax that may be sent out over the Internet, including the Partnership Return and Trust and Estates Tax Return, third-party commercial applications are needed. HMRC itself highly suggests tax payers to follow this tax advice and benefit from outside providers for sending other tax.

What Exactly Does Commercial Computer Software Include?

To begin with, understand that many of these commercial forms may be cost-free or not. Here are taxation assessments you may send by means of commercial suppliers:

• SA900 – Estate and Trust Tax Return

• SA800 – Partnership Tax Return

• SA100 – Tax Return (for persons and also the self-employed)

Moreover, the following pages may also be sent via commercial software programs:

• Self-employment

• Employment

• UK Property

• Partnership – this is for submitting your income as a partner

• Additional details

• Trust income

• Foreign income

• Non-residence

• Lloyd’s underwriters

• Capital gains

• Minister of religion

HMRC doesn’t recommend one on-line service over another, so the choice which to use is up to you. When choosing any of the alternative vendors, consider points like user-friendliness, added features, and quality of customer assistance.

More importantly, please don’t forget to sign up for HMRC’s Internet solutions. It is imperative to do this before you can use the on-line service.

Tax Statements That Can’t Be sent through the Web

There are also limitations to the online tax return service, though. At present, you’ll find zero software programs or services that offer the following tax returns:

• SA970 – Trustees of Registered Pension Programs

• SA700 – Non-resident Firm Tax Return

The SA970 and SA700 have to be sent in paper form. Their deadline is the same as that of the online returns – the 31st of January.

HMRC’s Online Services

Besides sending tax using the Web, HMRC’s website also makes it possible for browsing and amending your contact details. With regards to security, don’t fret. HMRC has you covered for they normally use a secure e-mail for asking HMRC about any question. You could also discover these data:

• Exactly how much you owe

• How much you have paid

• What payments are due

• The date your tax statements was gained

• The due date of one’s upcoming tax return

tax advice

Absolutely nothing is far more convenient than submitting your tax from the comfort of your home. Follow this tax advice and take advantage of this fantastic opportunity.


Selling Your Home As FSBO – What More Do You Need to Know?

In the previous article, we have tackled that when selling your house as FSBO, there are many things which you should consider. Included in the list are home value, marketing, contract, security deposit, and property taxes. In today’s article, other important things about it will be laid down such as title, inspections, and buyer qualifications.

Buyer Qualifications: You will have to be assured that the buyer you’re dealing with is capable of buying the house with your asking price. To determine this, you can ask for a pre-approval letter from the buyer coming from the lending or mortgage company from where the housing loan is obtained. You also have to know what type of loan the buyer has applied for.

House Inspections: For a specified period, buyers can request for a professional home inspection. This is to ensure that the house you are selling is in good condition. It ought to determine repairs, fixes, and other improvements that need to be done. Based on the findings, the buyer can then request which of the fixes and improvements he or she wants to implement. And as the seller, you have to agree with it. At this point, you also have to know that the buyer has the right to negotiate, cancel the contract, and ask to have his security deposit if his requests are not granted.

Title: Aside form the contract, the title is another important document that you need to prepare when selling your house as FSBO. It will reflect transfer of ownership from you to the buyer who will agree with you’re selling price. To make things easier for you, contracting a title company spares you from the time-consuming task of preparing the document. Besides, professionals from the company have all the expertise and background needed to make a real and legal title for your house.

A successful FSBO rely on the capacity and knowledge of the home owner-seller of the important things and processes involved. Having laid out three more important things plus the five other in the previous article, it is somehow estimated that you will be successful in your own FSBO endeavor.

If on the other hand, you want to be stripped of the associated tasks and want to sell your home faster, you can always seek help from a local real estate agent. His expertise and professional connections will be vital in finding the right buyer for the house you are selling.


Rent to Own – Lease Option Your New Florida Home – Scam Alert – Part 9

Pablo and Arlene of Orlando, Florida, thought they had found the perfect home and the perfect opportunity to own their own home.

They desperately wanted out of the rental rat race.

And they needed to move quickly.

To get the keys to their new dream home, they had to come up with a $ 1,500.00 per month payment and $ 5,000.00 down payment.

It was a dream come true … or so they had thought.

Something convinced them to make one more phone call just before they were to sign the contract.

Pablo and Arlene are the lucky ones.

They are more fortunate than many other families disovering only too late a common rent-to-own home scam taking place in Florida.

The sleazy trick is for scammers to advertise a ridiculously low monthly rent payment on a home being offered with rent-to-own terms.

They know your credit and financial situation will not allow you to afford the home once you attempt to get the home in your names at the end of the lease term.

However, they do not care about you or your family. They want some money to cover their expenses, knowing they will get the home back when the market has improved and they can sell the home at retail or cycle another family through the home.

Some scammers put numerous families through the same home, setting one family after another up for failure.

They know you cannot afford the home at the end of the lease term.

For Pablo and Arlene, their dream home involved a Future Purchase Price of $ 339,000; a Monthly Rent Payment of $ 1,500; and a Non-Refundable Option Payment of $ 5,000.

What? A $ 1,500 / month rent payment on a $ 339,000 home? That's crazy!

How crazy? Let's take a closer look at just how dangerous and disappointing this scam really is. And let's really show just how criminal this scam should be by showing what a person with "A" credit (at least a 720 Beacon) would pay for a home priced at $ 339,000 with the following criteria:

==> "A" credit (minimum 720 Beacon)

==> 100% with only $ 5,000 option payment

==> Scenario does not include:

Taxes (~ $ 250 per month);

Insurance (~ $ 100 per month;

Homeowner's Association Fees (~ 50 per month)

Total = $ 400 per month + payment = Total Monthly Payment

The LOWEST possible monthly payment for a person with "A" credit is $ 2,040.00 + $ 400.00 = $ 2,440.00 per month payment (interest only).

This monthly payment reflect a 39% INCREASE!

Do you think Pablo and Arlene could suddenly afford an additional $ 940.00 per month increase in their monthly payment … a 39% increase! Worse, they do not have "A" credit. They would pay even MORE!

This is not right.

This is how we define SCAM!

Sadly, Pablo and Arlene could not confirm whether the $ 1,500 per month payment quoted actually includes taxes, insurance, and homeowner's association fees.

They didn't know.

While you make on-time monthly payments and maintain the property, the scammers know you will not be able to get the financing and / or afford the monthly payment when you attempt to get the home in your own name.

Please do not commit financial suicide. Do not allow the scammers to scam you.

Get a mortgage specialist or loan officer to assist you in forecasting your future payment before signing any rent-to-own paperwork.

Confirm you can AFFORD your dream home, and please do not get caught up in a home you cannot afford just because somebody is offering it to you.