Volume 2014 - Number 3
January 31, 2014
Lender Offering Unique Rent-to-Own Program
Cove Financial is targeting borrowers who cant qualify for agency mortgages and offering them a unique rent-to-own option. The lenders Mortgage Alternative Program involves a process that looks a lot like the purchase-mortgage process but instead gives a borrower time to rebuild credit before purchasing a home. Its for people who have a downpayment but dont currently qualify for a mortgage, Patrick Flanagan, CEO of Cove Financial, said of the MAP. A borrower working with Cove goes through a ...
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