Our Mission
We are in the business of improving the quality of peoples’ lives, by solving an existing problem.
We make it possible for
two or more people to
purchase a home together,
and stop paying rent.
People in America today are finding it impossible to finance a new home. Mortgage payments are too high for their debt to income ratio for them to qualify for a home loan.
First Home Harmony will target a broad range of potential customers; however, we will initially target the most attractive segments: consumers that have excellent credit, larger discretionary income, and down payment for a home.
First Home Harmony now makes it possible for three or more like-minded people that are already affording a large monthly rent, to now own a home together. The cost to rent an average one-bedroom apartment in the desired central area of Los Angeles is $2,500 a month. Three people that are already affording $2,500 a month for rent can now afford to own a $1 - 1.5 million house or condo together. Four people can now afford to own a 1.5 - 2 million home together.
ALL PARTIES OWN AN INDIVIDUAL SHARE OF THE PROPERTY.
First Home Harmony’s app will use our proprietary algorithms to match like-minded individuals. We take into account similar traits, characteristics, preferred living locations, personalities, goals, jobs, financials, hobbies, health, political and religious views, daily schedules, and much more.
THE BENEFITS OF HOME OWNERSHIP ARE SIGNIFICANTLY
BETTER THAN RENTING.
Renting is a waste of money. When you pay rent, you are actually paying your landlords mortgage and building equity for them not you! You CAN’T deduct on your taxes the rent that you are paying, but your landlord CAN and does deduct their mortgage payments, and you are financing those payments. Also, interest payments are deductible for home mortgage payments. The first 3 years of mortgage payments are almost all interest, so you can now deduct most of your mortgage payments. This is a huge savings to you. In addition, you can write off the property taxes, some home improvements, energy improvements, and if your home goes up in value, you benefit not your landlord.
There are also some student loan forgiveness in some areas for first time buyers because communities want home owners. Home owners take pride in their communities more than renters which increases the value of the communities.