Looking To buy a Property ? you are in the right place.
As our network and relationships expand, we have the opportunity to discover deeply discounted properties such as abandoned foreclosures, fixer-uppers, and distressed properties. We acquire these properties at prices that benefit both the seller and us. Subsequently, we make these opportunities available to our Mercy Network buyers who seek excellent investment properties while contributing positively to the community.
Once we acquire a property that aligns with our criteria, we promptly include it in our listings for our Mercy Network buyers. The current market offers exceptional investment prospects, with new properties consistently being added to our portfolio at significantly reduced prices. These properties tend to be in high demand and are swiftly snapped up by our discerning buyers.
Don’t quite meet traditional requirements to purchase a home ?
Don’t worry we offer the Mercy housing equity ease program , empowering home buyers to for fill their mission .
The “Equity Ease” program is a unique offering that allows people to purchase a house through a method called seller financing. Let me break it down in simple terms:
Seller financing means that instead of going to a bank to get a mortgage loan, you make an agreement directly with the person selling the house. Here’s how it typically works:
Here’s how it typically works:
1. Down Payment
You start by paying a down payment, which is a portion of the total price of the house. This down payment shows your commitment to buying the home.
2. Monthly Payments
After the down payment, you’ll make regular monthly payments to the seller. These payments include both the cost of the house and any interest agreed upon in your contract.
3. No Credit Check
One of the big advantages of seller financing, like Equity Ease, is that there’s usually no need for a credit check. This is great for people who might not have a strong credit history or those who want to avoid the traditional bank loan process.
4. No Bank Statements or Tax Returns
You also don’t typically need to provide extensive bank statements or tax returns, which can simplify the process.
5. **Ownership:**
As you make these monthly payments, you’re gradually paying off the price of the home. Once you’ve paid the agreed-upon amount, you become the full owner of the house.
- Pros of the Equity Ease Program:
- Accessibility: It’s a more accessible way to buy a home, especially if you have credit challenges or find it difficult to meet traditional bank requirements.
- Simplified Process: There’s less paperwork and bureaucracy compared to traditional mortgage loans.
- Homeownership Opportunity: It provides an opportunity for people to own a home who might not have been able to through conventional means.
- Personalized Agreements: Seller financing agreements can be more flexible and tailored to your needs, making it easier for some buyers to afford a home.
- Overall, Equity Ease and similar seller financing programs offer a more flexible and accessible path to homeownership for those who may not meet the strict requirements of traditional mortgage lenders.
Cons
- We haven’t run across any yet!