Trio is for people who are uncertain about the housing market.
They call it The Great Recession. And even without a formal title, we can all feel it. In fact, it feels more like The Great Uncertainty, where the financial world is less predictable than ever.
That's where Trio home financing comes in. We've designed Trio to insulate you from falling housing prices and allow you to benefit from rising market values. Finally, a home financing program designed for the real world.
Trio is for people who are recovering from the economy.
If you're looking to move to another home, it's harder than ever to make it work. Most banks are requiring a credit and financial history that is squeaky clean. And a full 20% down payment.
Trio, on the other hand, makes it easy to get into a home. With no down payment, low monthly payments and a qualification process that's a lot like renting. So go with Trio. And start your recovery before the rest of the economy.
Trio is for people who want a second home but not a second mortgage.
Those fortunate enough to be considering a vacation home are still subject to the same market forces as everyone else. So it's prudent to consider Trio home financing as an alternative to a second mortgage.
There are many benefits. You're protected against falling home values since you're leasing, and not buying, up-front. You get to keep your cash — not put it toward a down payment. Your monthly payments are much lower than on a second mortgage. And you get to really experience the getaway location at the beach or lake or mountain before you make a long-term commitment. Who knows, you might discover that your dream of a ski cabin would be perfect — if it was on the beach in the tropics.
Trio is for people who want to build towards home ownership.
In many cases, the bar for getting a mortgage is set impossibly high. There are down payment and cash reserve requirements. And in many cases, expensive mortgage insurance. Not to mention high monthly payments. Trio home financing offers an alternative to the expensive leap to home ownership.
By leasing a home through Trio, you can build equity and savings before applying for a mortgage. While you're leasing you not only get to live in the home of your choice, but you'll have the opportunity to build your down payment, apply on-time payment credits to purchase and even offset financing costs when you use one of our preferred lenders to buy. It's a much more reasonable way to buy.
Trio is for people who think they may move within the next five years.
According to the US Census Bureau, the average American will move about eleven times in a lifetime. And for many of those moves, people take out 30-year mortgages. Doesn't really make a lot of sense, does it?
Particularly when during the first eleven years of a 5% mortgage, you pay more than twice as much in interest than in principle. So, to a more mobile flexible society, we offer a more mobile flexible home financing program: Trio. Lease your home for one to five years and then, if you decide that it's the one you want to stay with, you can opt to buy. At a price you knew all along. If you're ready to hit the road—again—then move to another Trio property and take your savings match and other credits along with you. See? We're all about being mobile too.