Haven't been able to achieve the "American Dream" of home ownership? No matter where you turn to try to buy a home you're always "turned down" or your just "don't qualify." We cure your heartbreak through our Lease Purchase. Do you fit this scenario: you have a good job, good rental history, and could pull together $6,000 or $7,000, but you have a few glitches and blemishes on your credit report or maybe just some slow pays, a car repo, or maybe some other type of credit problem. Because you're not an "A" credit borrower the lenders are telling you that you need 10% or 15% down payment (that's a lot on a $400,000 home), closing costs (another $5,000 or so), plus you're going to get a high interest rate! After hearing that a few times most families throw in the towel.

With our Lease Purchase Program we turn your nightmares into a real dream come true. Take the following for an example. You go to one of our open houses in the Southern California area, you fall in love with the home, and you call us saying, "I want it." At that point you fill out an application. Don't worry about this part; it's simple! We just have to verify the information. Then you fax it to us. Within 24 hours you get the answer you've dreamed of. IT'S YOURS! You're able to put down a minimum of $6,000 option fee downpayment, pay the first month's lease payment, and you're able to move in. You have simply signed a "Lease Agreement With Purchase Option," and it locks in a specific sales price, and the monthly lease amount. Plus it allows you to enjoy the home while you pull together the rest of your downpayment and clean up your credit rating. There is no long pre-qualification process, no days and days waiting for an answer, and no more rejection. The full option fee downpayment is credited back to you at closing when you're ready to get a mortgage in your name. Sometimes there is even a "rent credit" (a % of the monthly lease payment) built in that's also credited back to you a closing. Now that you're getting a clearer picture of what can take place, read the following and get really excited about your possibilities.

The Advantages of Lease Purchase

* You usually need only about $6,000 in downpayment for homes in the $350,000 to $400,000 price range. That's nowhere near what the mortgage company wants.
* You can move in quickly and enjoy the pride of home ownership immediately. There is no long waiting period for tons of paperwork to be done.
* You will have time (usually 12-24 months) to arrange your finances so you can qualify for a loan, save up the rest of your downpayment, and clean up your credit rating by establishing a solid payment history during the lease period.
* You can arrange the "Lease Agreement With Purchase Option" to allow a portion of the monthly lease payment to be credited to you at closing, thus building equity along the way.
* The full amount of the option fee downpayment is also credited to you at closing.
* It allows you to distance yourself from any major credit problems.
* You can wallpaper, paint, decorate and make improvements to the property knowing that the benefits are going to be to your advantage, not a landlord's.
* Qualification requirements are not as strict as conventional financing.
* There are no taxes or insurance to pay, however a rental policy is recommended.
* Repairs are covered through a Home Warranty Plan, which we usually recommend you obtain.
* Any appreciation that the property receives is your profit if you decide to sell one day. You're usually able to get a fair price with great terms and have your home ownership dream come true!

Do you have a lot of invoices that will be due in the future? Does your business offer lines of credit? Many small or medium businesses find it beneficial to offer credit to customers, but those same businesses often need that money today not 3 months from now. When bills come due for you, those invoices can work for you today. Finding a reliable recourse factoring company can solve your problems by developing a working capital for your needs rather than having capital on an invoice.

Slow paying customers can break almost any new business, and banks are usually reluctant with helping your business get on its feet. Recourse factoring companies offer a viable solution to your cash flow problems. By allowing a factoring company to hold your invoices today, you can get a cash advance on future payments now rather than later. When those invoices get paid, you are paid any remaining amount directly from the factoring company.

Recourse factoring means that if the invoice is not paid, the company has recourse to obtain the monies advanced from your business directly. This is high risk for the business, but low risk to the factoring company. Recourse factoring often has less of a rate and/or fee than does other types of factoring because your business is help liable for the invoices.

Finding a factoring company is not always easy. Banks are not as quick to offer factoring - if it is offered at all. Nonetheless, there are companies out there specializing in factoring services for new small or medium business, or more established small or medium businesses. Newer companies may have to pay more of a fee or rate simply because they do not have established credit, but the good news is factoring can help establish that much needed credit.

The Internet is probably the easiest method for finding a factoring company. All factoring companies offer recourse factoring because of the lower liability for the company itself. However, when searching for a reliable factoring company, be sure to check for interest rates, fees, credit check guidelines, additional fees, and time covered and time before the monies become available. Most of all, read the fine print thoroughly, and if you have questions, find the answer before you agree to anything. Still have questions? Contact a local financial advisor.

The great benefit of factoring is that the invoices are paid before their due date. Instead, the invoices are used as a form of equity. This is not a loan - this is in fact a cash advance. If the invoice does not get paid, the business is responsible for paying the debtor's balance on the invoice or another invoice is used to replace the unpaid invoice.

Recourse factoring is a great way for small or medium businesses to get their capital working for them today rather than tomorrow. Factoring is not a new term. In fact, factoring is probably dates back to the Ancient Egyptians. However, most businesses are not aware of the benefits offered by factoring those invoices.

Medical factoring companies do not offer an existing medical practice a loan. In fact, the opposite is true. The medical office is selling third party account receivable invoices to a medical factoring company. This allows the medical factoring company to provide immediate cash payment for the total of the invoices to the medical practice provider. Third party billings are insurance companies such as Blue Cross and other like insurance providers. The medical field is one area that is extremely slow in paying invoices and most medical insurance companies can take up to 120 days to pay an invoice. This causes any medical practice to suffer from serious cash flow issues. Medical factoring changes the face of this situation by taking on the burden of waiting for payment on the outstanding invoices.

The sale of medical third party invoices is a great alternative to create working capital immediately. The financial practice that medical factoring offers in financial gains and advantages are enormous. The cash flow that is being generated through the use of a medical factoring company is stable and reliable source. Most medical factoring companies do not set a pre-specified limit of funding. When limits are applied it is direct correlation with the amount of money owed by the third party account receivables. The working capital is immediately released to the medical office allowing finances to be available for purchasing new equipment or simply taking care of payroll responsibilities. Another enormous advantage that medical factoring companies offer the medical practice is that there is no collateral requires. Banks and other traditional lending institutions always require collateral against any loans that are given. This ties up the availability of collateral for expensive medical equipment or leasing contracts.

Many potential medical offices that seek the services of a medical factoring company tend to believe that the cost is inherently higher than it actually is. It is expensive when compared to alternative sources such as traditional banking institutions or lines of credit. It should be mentioned that if a medical office or practice has the ability to get a line of credit or a bank loan to help ease the financial difficulty associated with collecting receivables from third party insurance companies, that should be the first avenue to travel down. However, most medical offices do not qualify for bank assistance due to the length of time they have been in business.

Medical factoring companies generally offer cash advances of 75-85% on the gross total of invoices that are being factored. The other percentage is kept until the outstanding invoices are paid to the medical factoring company. Once it is paid, the factoring company will issue another payment for the balance minus the predetermined factoring fees.

Factoring of accounts receivables is a relatively new practice in the medical industry but it is growing at a phenomenal rate. It is the effective financial tool that can provide the working capital needed for medical practices to meet recurring expenses and equipment purchasing expenses that encourage business growth.

Using the financial services of an invoice factoring company can be a useful financial conduit for temporary needs. It should only be considered a short-term solution when traditional banks and lending institutions won't assume the risk associated with small or start up businesses. By utilizing an accounts receivable company it will allow an existing business to effectively navigate through a hard financial period. This typically takes place as business grows and invoices are outstanding. Freeing up the capital that is tied up in unpaid invoices can be the very key in business success.

Acquiring capital from an invoice factoring company is a priceless solution and temporary stepping stone to allow a business to grow enough to qualify for bank lending to ensure stability. An accounts receivable company will afford a business the solid financial strategy to bridge the gap until the next level of business financing can be reached. Again, it should not be a long-term solution merely a necessary financial step that will bring credibility to the business.

An invoice factoring company also provides the business a chance to build up the necessary credit history to prove to traditional lenders that it is credit worthy. It also demonstrates the validity of the business by proving it has the required resources to qualify for commercial funding. It should also be stated that an accounts receivable company would ask the business wanting to sell their accounts receivable invoices if they have an existing loan with a traditional lending source. If the answer is yes, it is very difficult for an invoice factoring company to approve that request. The reason is that there is a financial conflict of interest because legally, a bank loan that is secured by the business's receivables cannot be factored. The conflict arises because an invoice factory company will require being number one in security against the money owing on the accounts receivable invoices. The professional standards regulating the financial lending businesses would deny this conflict because it would clearly put any loan in jeopardy.

If a bank loan is preventing a business from taking advantage of the financial advantages to using an accounts receivable company, there are options available. One of these customary methods is to pay the outstanding loan balances with the initial payout from the invoice factoring company. This offers a viable solution that is very simple and at the same time gives that business the opportunity to free available working capital that is required to expand and grow the business.

Invoice factoring companies provide a great business solution when traditional lenders say no. By using this effective financial tool it allows an existing business the opportunity to grow and thrive. Inquire about different invoice factoring companies as they are each unique and have their own set of rules by individual companies.