Who pays for the property taxes, building insurance and condo fees (if applicable)?

All these costs are included in your monthly payment and Connect The Dots will ensure timely payment of each of these monthly expenses. You are responsible for your own content insurance and utilities.

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​What happens if I cannot make my monthly payment?

We want to work with serious and committed individuals to get you into owning your own home. So we do work like any traditional lender in this matter and you are to honor all obligations under the terms and conditions of your lease to own agreement. If you do fall behind you are considered to be in default and we then reserve the right to take the property back to which you can lose all your equitable interest in the property including your initial investment in the property.



However we are reasonable and we prefer to assist you in a situation like this rather then you have to leave. If you are able to catch up in a reasonable time period you will lose your monthly lease credit that month but your lease to own agreement will then commence as agreed again. As serious as this sounds we do want you to know all the terms and conditions before you sign and are fully aware of what could happen in this situation.

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How long until I know if I have been approved?

Once your application is approved and we have received all necessary documentation from you we will then require you to sign an intent to lease and pay a $500 deposit as a commitment fee that is fully credited off your initial investment on a property once you are ready to move in.​​
 

How quickly can I move into the property?

You can move into the property as soon as the lease to own agreements have all be signed, and you have provided us with your lease to own initial investment for the property. If you are purchasing a property of your chose to do a lease to own on, then you will gain access as soon we obtain legal possession.​

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What happens if I chose to “walk away” from the lease to own agreement?

If at anytime during your lease to own term, you chose to “walk away” from your obligations, you will lose all equitable interest in the property including you initial investment. Also for any additional expenses that may occur because of this.​​
 

How do I qualify for conventional financing?

After evaluating your entire financial situation Connect The Dots will provide you with a customized plan to get you on track to qualify for conventional financing. Through your monthly lease credits and initial investment down and repaired credit, making the transition into qualifying for conventional financing and realizing your dream of home ownership is seamless.

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What happens when my lease to own term is up?

We work directly with you to obtain a conventional mortgage working with our mortgage professionals to obtain your financing at this time. We will take care of the whole process and walk you through from start to finish with our mortgage professionals.

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Can I use borrowed funds for my initial investment down on a property?

Yes, we allow you to use borrowed funds for your initial investment down if this is the route you want to go. We are not like your conventional lenders and this source of funding is acceptable by us.

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Can I have pets?

Yes you can have pets in your home. Remember this is your home and you are not just renting it, you have a stake in the ownership of your property.

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Can I purchase any home I want?

This is part of our service that we offer. However this option is not available to all of our potential clients. If you can qualify for this part of our program we can definitely look at purchasing a home of your choice. If you do not qualify for this part of our program you can purchase a home in our existing inventory.

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Who pays for the regular maintenance of the property?

You are responsible for all maintenance and upkeep of the property. Any improvements made by you will be in direct benefit to yourself and increasing the value of your investment in the property. Please keep in mind that regular maintenance is needed to keep your home in good working order, so please budget accordingly.

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Do I have to have all my initial investment money for the property up front?

Not always. We like to make our program easily accessible for everyone and sometimes you may not be able to commit the full amount up front. Each application is reviewed and approved on an individual basis.

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I have bad credit can I still qualify?

Yes, however each individual situation is different. All we ask is you be honest and up front with us in the pre-approval stage of the lease to own process. Our mission is to make the transition into home ownership as smooth as possible. Your success is our success!

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How do I qualify for the program?

The qualification process is quite simple. If you have a good job or good income if you are self employed to support the monthly obligations of a lease to own property, and are honest about your current situation and credit history, you may very well qualify. We are not like your traditional bank or lending institution.  We believe those who have been turned away from their bank should get the chance to realize their dream and own their own home and those looking to get a fresh start should get that opportunity. Contact us today to further discuss.