Our families include teachers, nurses, retail workers, janitors, mechanics, disabled persons, and retired seniors. The people who purchase with RMCLT may have a difficult time saving for a large down payment, or are unable to afford a mortgage payment that is higher than their current rent.
Increases in homeowner’s insurance and property taxes will be the only reason your mortgage will change over the next 30 years.
“If you do not address your credit issues today, one year from now you will be in the same place you are today.” –Vicky Albert, Home Ownership Coordinator
Click here for an infographic about CLTs.
Most importantly, you are responsible for the land and have the right to landscape and engage in all typical homeowner activities. This is your home–you get to enjoy the security, control, tax advantages, and equity building opportunities of homeownership.
Families who are facing financial hardship are encouraged to call Randi Davis before any payments are missed. We cannot help you, if you do not let us know what problems you are facing.