Traditional FHA
30%
of the same cash became ownership
- Cash brought to closing
- $50,000
- Applied toward equity
- $15,000
- Consumed by the transaction
- $35,000
How it works
See where every dollar of your purchase goes, then choose how to buy.
Most buyers find out what a purchase cost them when they read the closing statement. Metrecx reviews the whole purchase first: what you bring, where it goes, and how much of it ends up as equity in your home. You keep your own agent, pick your own home, and see every term in writing before you commit. Start to keys usually takes about 45 days.
Your agent works on the home. Your lender works on the loan. Nobody works on the purchase.
In a standard purchase, a lender checks whether your file fits a program, and everything else follows from that answer. If you fit, the structure is set. If you do not, you get a no.
Nobody in that lineup gets paid to ask how much of your cash turns into ownership and how much goes to fees, prepaids and closing costs. Metrecx does that job.
Why it matters
Same $50,000, very different result.
Two buyers bring the same cash to closing. The difference comes from how someone put each purchase together.
Metrecx Method™
70%
of the same cash became ownership
- Cash brought to closing
- $50,000
- Applied toward equity
- $35,000
- Consumed by the transaction
- $15,000
An illustration, not a quote. Your own figures depend on the property, the funding available and the final written terms.
From first call to keys
Four steps, about 45 days.
1
Apply, then book a call.
The application takes about ten minutes. When you finish, you pick a time for a call, and we talk through what you want to buy, what you have to work with, and anything that has gone wrong so far.
2
We review the whole purchase.
About five business days. We map where your cash would go, which costs can move, and whether a different structure leaves you with more equity and more money in the bank.
3
You get it in writing.
A few days after that. You see what it takes, what it costs and what you own at the end, in plain sentences. If no structure helps you, we tell you so.
4
You shop with your agent.
You pick a home on the open market and your agent represents you. Metrecx arranges the private funding and the paperwork. Most of the 45 days goes to finding the home.
Metrecx uses several structures, and each suits a different situation. We choose one after we hear yours.
Five things to know before you call
- Metrecx is not a bank, a mortgage company, or a real estate brokerage. Nothing here is a loan offer.
- Some structures transfer title to you at closing and some do not. We write down which one applies to you before you commit to anything.
- Your own real estate agent stays with you from the first conversation through closing.
- Credit, income and available cash all count, and we weigh them against your situation. We publish no cutoff because we do not use one.
- Beyond a credit report fee, the normal costs of buying a home still apply: earnest money, inspection, appraisal, insurance, and your funds to close.
Plain language
You read every term in plain English before you sign.
Metrecx writes the structure out in ordinary sentences and walks through it with you, including the parts that are not in your favor. Bring your own attorney or a HUD approved housing counselor if you want a second read.